RE: SA Facing Retirement Poverty Crisis
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It's typical YOLO mentality or rather pensioners are choosing to borrow from their future to serve their present needs/wants. This would just make it hard for everyone else when these people reach the age of retirement and have very little left to fund their retirement.
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I do not feel sorry for them as you cannot blame ignorance for everything they do as they should find out first or ask someone with brains for advice.
Right, it sounds too good to be true, especially for those who have at least a decade or more before retirement.