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Bearing in mind that this 'story' appeared in a news paper and therefore may prove erroneous, its still an eye opener.
From an article on how over 50's are squeezing the young out of jobs, it features a fellow called Colin King aged 60 who (with his wife) sold a garden- center business for £1.25m. Or in simple language £1,250,000.
He was bored by not working so now does some. He added, "We also wanted to make sure we had enough money for old age because £1,250,000 doesn't buy you much in the way of an annuity these days. (£75,000 per annum actually). I can now see myself working to 80.
Where do these people come from?