Average across all individuals who have some level of private pension cover or across all workers including those who have no private pension cover at all?
Be wary of what AI tells you.
Average across all individuals who have some level of private pension cover or across all workers including those who have no private pension cover at all?Grok (AI) said that the average pension pot in Ireland, on retirement, is only €111k. I wonder is that correct?
This is likely not a good idea. I had a look at my own pension values, and they've recovered all the initial Trump losses.53% Equities & 47% Bonds - I had been 80% Equities pre-Trump and moved to this more defensive mix just prior to all the tariff news.
The average pension pot figure is completely irrelevant to you whether it's correct or not. There's hundreds of thousands of people with zero bringing the average down. And just because you have a higher than average fund doesn't mean it's enough for your planned lifestyleGrok (AI) said that the average pension pot in Ireland, on retirement, is only €111k. I wonder is that correct?
Very true. I intuitively knew the AI reply was incorrect but the explanations, above, all explain why the 'average' might be so low.The average pension pot figure is completely irrelevant to you whether it's correct or not. There's hundreds of thousands of people with zero bringing the average down. And just because you have a higher than average fund doesn't mean it's enough for your planned lifestyle
I'll look into this again also. Hope to be more brave!This is likely not a good idea.
It’s probably about right at the level of the pot.Grok (AI) said that the average pension pot in Ireland, on retirement, is only €111k. I wonder is that correct?
Out of interest, I asked Grok another question about the desired pension pot Irish people aspire to.It’s probably about right at the level of the pot.
Without some clarification of the criteria used to arrive at such a figure it's meaningless.Out of interest, I asked Grok another question about the desired pension pot Irish people aspire to.
This was €433,000.
I think this falls into the category of questions that GenAI's will never admit they do not know the answer to!Out of interest, I asked Grok another question about the desired pension pot Irish people aspire to.
This was €433,000.
To be blunt, who cares? All that matters is how much you need.I asked Grok another question about the desired pension pot Irish people aspire to.
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