Financial Services: Back to the Future
Giles Hedger
Money is increasingly all about the future. Life expectancy is increasing, the balance of disposable income is shifting to the over-50s, and within the lifetime of most people reading this the number of working-age people supporting each retiree will be just two. To think about wealth nowadays is to stare out towards a distant and uncertain horizon. It is troubling stuff, particularly since lifetime expenditure currently exceeds lifetime average earnings. At a very simple mathematical level, Future Money is a concept that we all have to engage with, and yet so much...