Are You A Angry Saver?

itsnever2lateisit?

Not angry, just a little frustrated. Every cloud has a silver lining, and there will be one in June next year;)

Perhaps the NSPU would like to set up their own credit union?

Masomnia

thegibdog wrote: »

Whoa, they tried to sneak that one in under the radar, didn't they?! What's that all about??

Yeah I noticed that. Not only is it completely irrelevant, but they're advocating cutting tax revenues by billions whilst asking for more spending

treliac

PasturesNew wrote: »

I'm angry because it's no longer enough to live on ... in fact, it looks like from this month forward my total income from everywhere might not even get out of tax free earnings land.

No jobs to apply for either.

Sort of didn't expect this.

There are jobs (e.g. social care), but many of them are jobs that aren't wanted.

PasturesNew

treliac wrote: »

There are jobs (e.g. social care), but many of them are jobs that aren't wanted.

I can't do those jobs because I am not a caring sort. I also can't be physical with people, nor comfort them. I'd be reported on my first day as being weird and uncaring ... and sacked. I also don't have the stature nor strength for it.

Also, no experience....

Not sure what you mean by social care as it would cover such a wide variety. But I couldn't work in a care home at all.

leveller2911

Masomnia wrote: »

I'm not even an angry saver. I'm just grateful that I have savings in the first place.

So in the near future when interest rates are high, say for example 9% im sure there will be some posters on here whinging about mortgage rate rises and how tough its getting , will you still say the same?...."just be thankful you have a mortgage".......... I hope so .:rolleyes:

The vast majority of savers work damned hard to save.......Any half wit can get a mortgage. present circumstances are proof enough........:rolleyes:

Guess im angry...damn it im livid......... ok so who,s gonna take a cheap shot about my spelling and puntuation?:D

lostinrates

Masomnia wrote: »

Yeah I noticed that. Not only is it completely irrelevant, but they're advocating cutting tax revenues by billions whilst asking for more spending

I didn't. But now I'm feeling a bit grumpy.

I was the first year of paying towards university fees (I think),
I was victim by age of the HP increase and now victim by age/timing of the QE impact on my savings (and yes I do care, regardless of HP falls I care.)

So those of us in this decadeish should maybe, along with pensioners, be given all the QE money direct, to spend. Then I'd not be angry. Or grumpy. I might even smile.:)

FoxtonsRIP

geoffky wrote: »

Are You A Angry Saver?!

Yes. Angry is an understatement. I'm fuming, apoplectic with rage, incandescent. etc..... You get the picture..

chucky

geoffky wrote: »

Well a savers and pensions campaign has been set up online..
here is the address http://www.nspu.org.uk/forum/index.html#category0

Hello world!
In the current economic climate we at NSPU (National Savers and Pensioners Union) are asking epople to unite against the government, banks and building societies in order to TAKE CONTROL BACK!
We hope that in creating a single voice the government will be forced to listen
Our aims are to encourage the government to:
Allow a worthwhile return on savings, taking into account true inflation.
Make all saving and pensions tax free.
Produce some sort of written guarantee regarding our savings in order to stop banks being wreckless with out money.
It is a fundamental right for people to be able to buy a home if they so wish, we must allow this to be possible again.
Allow for free higher education to be available to all.
Finally to vet all banks and building societies more closely to help prevent another 'credit crunch'. Including making branches more approachable for local people.
However we cannot begin to do this without your support!
Please join us for free at this website!
Or you can write to us at NSPU, PO BOX 78, YO21 1XH
All comments to this post and any future post will be greatly appreciated and we encourage you to voice your own opinions!!
Thank you!

stop moaning and change investment vehicle to put together enough money to get a deposit for a house.

don't blame everyone else except yourself for making the wrong choice when choosing a savings account instead of gold, bonds or even gilts.

harrythefurrysquid

I might have been too young to benefit from HPI, but timing is still everything.

Cast your minds back to Jan 2008. The housing market crash had already begun, although most of the media didn't catch on for 6 months. The US economy was !!!!!!ed, lending between banks had already dried up (remember Northern Rock?), and the stock market was wobbling at 6500.

I dumped my taxable stock-market investments into fixed rate accounts, and consequently I'm still getting 6.45% on most of my money. :beer: Sadly, I didn't have the guts to do the same with my ISAs and lose the tax-free status, so some of the remaining money's since halved in value.

Let's be clear; this whole sorry saga was entirely predictable, and anyone who's genuinely getting no real interest on their savings at this point was either very unlucky or slept through the last year or so.

It's not as bad as all that, anyway. With house prices falling so rapidly, the effective interest rate for anyone saving to buy (like me) must be at least 50% pa. :rolleyes:

puddy

im an angry debtor. im annoyed on several levels, a) i managed to run up the level of debt i did b) that my credit card interest rates are amazingly high in comparison to the level of debt and current interest rates and c) ive managed to get myself on a 10 year fixed rate mortgage 2 years ago!!!!