Econo-matics
Feb. 21st, 2006 09:45 amI saw a figure somewhere recently: $6000.
It was an estimate of how much a thirtysomething 'couple' in the USA should now be putting into their combined pensions annually, to avoid their fund being 'inflated away' before retirement.
Can anyone who has a head for economic mathematics point me to some robust worked estimates of this number? What would the minimum wage need to be currently to both cover a 'poverty-line' standard of living, and also, a 'poverty line' retirement, in the UK?
It was an estimate of how much a thirtysomething 'couple' in the USA should now be putting into their combined pensions annually, to avoid their fund being 'inflated away' before retirement.
Can anyone who has a head for economic mathematics point me to some robust worked estimates of this number? What would the minimum wage need to be currently to both cover a 'poverty-line' standard of living, and also, a 'poverty line' retirement, in the UK?