👉 Pension fumes refer to the widespread dissatisfaction and discontent among retirees regarding the state of pension systems in many countries, particularly those that are underfunded or facing financial crises. This sentiment is fueled by concerns over inadequate retirement benefits, rising costs of living, and the perceived mismanagement of pension funds. Many retirees feel that their savings have not kept pace with inflation, leading to a significant loss of purchasing power in their retirement years. Additionally, the complexity and lack of transparency in pension administration can exacerbate these feelings, leaving many feeling disillusioned and frustrated. The term "fumes" captures the pervasive and often toxic atmosphere of mistrust and frustration that permeates discussions about pension security.