[pjc50]

Do you want moral homilies or financial advice?

Sure, living below your means is generally good advice; but my point was that as interest rates go down that affects the discount rate, and the amount of income required to achieve a particular nominal income in retirement increases dramatically.

(Also, there's quite a lot of people who are barely able to get over the first financial hurdle of paying rent, let alone buying a house, both of which are more important than pension saving. Being a renter even with a big pension is much worse than being a homeowner with a small pension.)