Key points from article :
Ian Pearson argues that due to anticipated economic growth, a universal basic income (UBI), referred to as a "citizen wage," will become feasible in developed countries by 2060. This citizen wage is projected to be equivalent to the current average UK income of £30,000 per year. Pearson suggests that individuals born in 1990 or later, who will reach retirement age around 2060, may not need traditional pensions, as the citizen wage would provide sufficient financial support. Consequently, those currently under 25 are advised not to invest in pensions, while individuals under 35 might consider minimal savings to cover any potential shortfall during the transition period.
