Are You A Angry Saver?

Masomnia

leveller2911 wrote: »

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

Well you spelt punctuation wrong for a start hehe

If people wanted mortgages and mortgages were scarce, then yes, that would be my opinion.

But it isn't the same thing; not a good analogy. I don't blame savers for being angry, but when you consider that having savings gives you much greater security in life, means you can put money towards a luxury items, means you have a safety net in case the boiler breaks down or something like that, at a time when so many are losing jobs, facing pay cuts etc. then yes, I think savers should count themselves lucky.

barnaby-bear

PasturesNew wrote: »

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.

I've slammed beans down checkouts and done cleaning loos and lifeguarding; a job any job will do - if I had to wiping bums would be ok - because really in any society it's comparative wealth that counts. We're lucky to have so many choices in this country, in a lot of countries you'd be wiping the bums for free for family whilst spending 14 hours a day in some hell hole sub-min wage no health and safety mine/sweat-shop etc... supermarket work is quite good because a gram of common sense or diligence bounces you up the employee of the month board very fast.....

barnaby-bear

lostinrates wrote: »

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.:)

Same demographic - uni. fees tied it down.... but I think it's also an opportunity - when house prices kept going up there were lots of winners but at the bottom of the heap there wasn't much hope - now it's a lottery - on average it's grim but cages are being shaken and I no longer have to hear the most boring gits in the world brag about taking their equity and buying btl portfolios and their intelligence with scant regard for economic cycles.

barnaby-bear

lostinrates wrote: »

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.:)

Also remember your at the bottom (below ?) the property ladder.... anything that compresses it good. I hope this will shake up the system, kids who did the right thing worked hard, got qualifications saw all the affordable housing schemes aimed at the most unfortunate/reckless in harder times I think the average tax-payer your I'm ok baby-boomers become a little less liberal and the numbers will mean that there are opportunities to bounce up the hierarchy through working just a bit harder than those who got too comfortable to do so or never knew how....

Horasio

This government is destroying just about everyone, rich and poor.

I see pensioners of the future living in state run homes being kept by the government because we will lose our jobs or businesses, have to live on capital till it runs out (as there is no interest to live on) then have to get help. Projected pension forecasts are a joke. Since 1997 pensions have been stolen by the Labour party, so all the contributions have been in vain.

Only the very rich will have any dignity or any decent quality of life.

THIS GOVERNMENT NEEDS TO GO ASAP!!!!!!!!!!

bendix

I'm not angry at all. What's the point, and who should one be angry at? The government has no control in a globalised economy - Brown is not to blame for this mess in the same way he was wrong to claim credit when things were good. Should I be angry at banks, and if so, why? They simply gave people what they wanted, and why is it bankers' responsibility to tell borrowers not to borrow so much. Should I be angry at borrowers, recklessly expecting luxury lifestyles on credit? Perhaps.

But I'm not. I'm indifferent. I make my own way in the world and navigate the challenges that life throws up to the best of my ability.

The vast majority of my assets are outside the UK. My cash savings are in New Zealand, earning roughly 7% tax free in a two year deposit. I saw this coming and locked them in. That's not lucky - it's prudent. I have a property in Thailand with no debt on it - nothing to be angry about there.

And I've given up my wonderful life in Thailand to come back to the UK to work for a few years to build up my pension pot.

A saver? Yes. Angry? No

Life is what you make it.

If there is any anger - nay, annoyance is a better world - it is at the bleating masses of middle Englanders who somehow think life owes them a living and blame everyone but themselves for the misfortune that they put themselves into.

Old_Slaphead

CCStar wrote: »

This government is destroying just about everyone, rich and poor.

I see pensioners of the future living in state run homes being kept by the government because we will lose our jobs or businesses, have to live on capital till it runs out (as there is no interest to live on) then have to get help. Projected pension forecasts are a joke. Since 1997 pensions have been stolen by the Labour party, so all the contributions have been in vain.

Only the very rich will have any dignity or any decent quality of life.

THIS GOVERNMENT NEEDS TO GO ASAP!!!!!!!!!!

I agree with most of the sentiment.

Whichever party get's elected next will, over the 5 years, have to preside over a very austere economy. Psychologically, voters will associate that government with the austerity - not the real culprits ie Brown & Blair.....who were anything but prudent and considerate.

"Things can only get better" - maybe their signature ture should have been "Down, Down"

Martinslovechild

Goodness Me!!! There's a lot of anger and resentment on this thread.

If people honestly believe that a change of political party will suddenly 'correct' all of the mistakes of the past twelve years of Labour rule, then think again.

The only real change is the one that you yourself can make. Study the markets (housing, stocks, jobs etc) and take a good long look at history. Think that what we're going through is "different this time" or "unique" ???

History teaches us a lot. Many, many books & articles have been written over recent years which spell out all of the current troubles in gory detail - importantly, before it started happening - it's only the relatively recent media attention which has focused the masses on this whole sorry mess, whilst economists and many other individuals with a solid interest in finance were writing about the current problems from as long ago as 2000.

Think the banks "invented" the current problems? Again, it's very easy for us to focus only on the media perspective (see Northern Rock, Fred Goodwin et al), or instead we can step outside the box for a few moments. There are many factors combined which come into play.

Firstly (and most importantly) - Demographics. The mass retirement of the 'baby-boomers', lower birth rates in recent decades and movement of people across countries & continents.

Secondly, China. The rise & rise of an economic powerhouse which has allowed inflation to be 'contained' for over a decade.

Thirdly, Global Monetary Policy. Our problems are not unique to the U.K. A quick tour around the world will highlight the various risk & high-risk areas. The British government simply didn't see (or more likely simply chose to ignore) the warning signs regarding the economy here at home. Iceland won't be the first to suffer a meltdown - and ironically the U.K. isn't far behind in the risk-list. However, other countries are higher risk, notably Spain & Ireland closest to home.

As I said at the beginning, the only person who can make a real change to your future wealth & happiness is you. Banks have always had a vested interest. Estate Agents have a vested interest. Take the blinkers off and do your own research. It's got to be worth an afternoon of your time. The rest of your life depends on it.

Max_Headroom_3

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!

I'm guessing that should be "reckless with our money", but amusingly enough it works anyway!!

Old_Slaphead

Martinslovechild wrote: »

Goodness Me!!! There's a lot of anger and resentment on this thread.

If people honestly believe that a change of political party will suddenly 'correct' all of the mistakes of the past twelve years of Labour rule, then think again.

The only real change is the one that you yourself can make. Study the markets (housing, stocks, jobs etc) and take a good long look at history. Think that what we're going through is "different this time" or "unique" ???

History teaches us a lot. Many, many books & articles have been written over recent years which spell out all of the current troubles in gory detail - importantly, before it started happening - it's only the relatively recent media attention which has focused the masses on this whole sorry mess, whilst economists and many other individuals with a solid interest in finance were writing about the current problems from as long ago as 2000.

Think the banks "invented" the current problems? Again, it's very easy for us to focus only on the media perspective (see Northern Rock, Fred Goodwin et al), or instead we can step outside the box for a few moments. There are many factors combined which come into play.

Firstly (and most importantly) - Demographics. The mass retirement of the 'baby-boomers', lower birth rates in recent decades and movement of people across countries & continents.

Secondly, China. The rise & rise of an economic powerhouse which has allowed inflation to be 'contained' for over a decade.

Thirdly, Global Monetary Policy. Our problems are not unique to the U.K. A quick tour around the world will highlight the various risk & high-risk areas. The British government simply didn't see (or more likely simply chose to ignore) the warning signs regarding the economy here at home. Iceland won't be the first to suffer a meltdown - and ironically the U.K. isn't far behind in the risk-list. However, other countries are higher risk, notably Spain & Ireland closest to home.

As I said at the beginning, the only person who can make a real change to your future wealth & happiness is you. Banks have always had a vested interest. Estate Agents have a vested interest. Take the blinkers off and do your own research. It's got to be worth an afternoon of your time. The rest of your life depends on it.

I suspect that what you're saying is accept responsibility for you own actions.

Well today Mr LoveChild it seems that people who have adopted that mantra are being well and truly screwed - whilst the "I don't give a damn 'cos someone else will pick up the tab" generation have flourished....propogated in the main by government handouts for lazyness and immorality.

FWIW I don't think that a new government could quickly resolve all of today's problems however, and I'm certainly not a Tory supporter, I think that based on their record of the last 12 years, the Labour government certainly doesn't deserve another 5 years (except probably in the 'Scrubs)