So you think you have inflation protection?

A question about : So you think you have inflation protection?

Inflation for OAP's has been measured at 8%, yet supposedly at an all time low for the rest of us.

https://www.dailymail.co.uk/news/arti...inflation.html

With around 20 years to go till retirement, it make me realise whilst my pension has some inflation protection, it might not actually be enough.

I guess in terms of regional variation, I should be nearer the Ј9600 cost of living for the North East. I only have myself to blame if I don't accumulate a pension worth more than that. But going forward I think I need to increase the safety net in order to allow for a larger inflation discrepancy.

Thoughts?

Is this article a true reflection of the costs of retirement?

Best answers:

• I've got 7% built into my spreadsheet for cost of living increases after 65 !! And only 2% for pension increase -makes for sobering reading if we both survive beyond 75 !!!! On one particular what if projection I've done, we will be trading down to cardboard boxes by 80.
• I'd love to see what basket of goods they've used to get an 8% inflation figure.
• The figures originate from Key Retirement, an equity release company. Their press release is here. Unfortunately they don't break it down that much.
• What a surprise, an equity release company has paid for a report which shows pensioner inflation is running at 4 x actual inflation.
  Reminds me of a consultancy firm I commissioned for a pricing analysis on a major bid we were running. It was totally unexpected to find our technical solution was the most future-proof and great value for money