A shock report has revealed that British pensioners are now worse off than those retiring in India, China or Chile.

Our state pensions are actually the least generous in the developing world, the latest research from the OECD shows.

Brits earning the average salary of £26,500 will have to get by on less than a third of that if they are relying on a state pension. They are now looking at just £122.30 a week to retire on.

And worryingly, the Government Actuary has warned that the cost of the present British pension pot is too much.

Shamefully, British pensioners would be FOUR TIMES better off retiring in Turkey or India.

Source: Brits receive the lowest state pensions out of any country in the developed world | The London Economic


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