feat: pension blog

src/lib/content/posts/dont-contribute-to-your-pension/index.svx

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+---
+title: Don't Contribute To Your Pension
+date: 2023-07-24
+---
+
+It's popular to see pension contributions, as a safe, risk-free investment. The sensible thing to do.
+
+As a 24 year old, the wisest of ages - I vehemently disagree.
+
+### Reason 1: The moving pension age
+
+The pension age is moving. In the UK, it's currently 67, but it's likely to be at least 70 and probably much higher by the time I retire.
+
+### Reason 2: Ecological & economic collapse
+
+There is non-zero risk that the financial institutions that hold my pension will not be around when you retire. 
+The cause causeould be nuclear, ecologically or just good old fashion economic collapse. 
+It doesn't really matter which, just note that many of the institutions on which we rely are younger and more fragile than we imagine.
+
+### Reason 3: You might die
+
+According to some random Cohort mortality charts I just found on the internet, there is a roughly 10% chance of dying before I'm 70.
+In which case I will see nothing of my pension.
+
+### Reason 5: You could invest in yourself
+
+If you find some way to invest in yourself, right now, it's probably a much better return than any pension scheme.
+You could start a business or do some fancy certification.
+
+### Reason 6: You could spend it now
+
+What's the point of life anyway? Go on holiday, eat some nice food go see some loved ones. Have an adventure. You get the idea.
+
+### Reason 7: Inflation
+
+The value of money is constantly decreasing. And your grand plan is to put a bunch of it in some box in London, and come back 50 years later?
+My alternative: save money for a deposit instead, so you can spend your retirement growing vegetables and doing little crafts.
+This way, you won't end up needing loads of cash to fund your retirement lifestyle.
+
+Maybe I'm an idiot. Maybe I'm a genius. Who knows. But I'm not contributing to my pension.
+