Pensioners and savers.

dunstonh

Classic example is it you have over 16k in the bank you dont get support, if your pennyless you get full support and rent paid! What message does this send out.

Who would want to retire on benefits on anyway? £9000 a year income (For a couple) isnt going to be a fun retirement. Although if you are trailer trash and want to watch Jeremy Kyle all day then I suppose you may as well plan to fail.

le_loup

bendix wrote: »

Is it just me, or does anyone else think that Gray_colt taken over Asheron's rightful position at MSE's most tedious one-issuer poster?

Not sure. Asherton was always positive ........ well about gold, anyway.

Hungerdunger

bendix wrote: »

Is it just me, or does anyone else think that Gray_colt taken over Asheron's rightful position at MSE's most tedious one-issuer poster?

If only he'd give up reading the Daily Mail for a couple of weeks, his condition might improve.

Angela41

Gray_colt wrote: »

When houses slip the next excuse the MPC will come out with is we need to support houses, i can see it coming already. King will stand up and say long suffering home owners need a helping hand in hard time! Us savers have been fed to the sharks And we all know it. This government and the last encourage debt and your better off being in debt because they will bail you out everytime. Classic example is it you have over 16k in the bank you dont get support, if your pennyless you get full support and rent paid! What message does this send out.

Its not right, I get nothing for bringing up two kids on my own because I have savings, but when the youngest starts school I will have nothing left and because of school times I won't get a decend paid job without paying it out on childcare (which as I have savings am still not entitled to). I saved for years, the spenders get it all. I have no hope of ever saving for my retirement again.

le_loup

Angela41 wrote: »

when the youngest starts school I will have nothing left

and because of school times I won't get a decend paid job without paying it out on childcare (which as I have savings am still not entitled to

erm, slightly contradictory there!
You're not Mrs Gray_colt, are you?

Jonbvn

bendix wrote: »

My answer would be irrelevant because others have a different attitude to risk, worrying even about the minutae of splitting large sums between different banks in case they default, which is about as likely as me marrying Angelina Jolie.

But they have failed. Remember Icesave etc? Before you say that nobody lost any money, please remember those who opened accounts in Guernsey.

Wrt marrying Angie, I thought you batted for the other side.;)

Gray_colt

So we ave to endure 5 more years of rates at 0.5% so the bankers can keep there jobs and home owners sleep at night. What message does this send out to the young? Dont bother at all because in life if you try hard and play by the rules you get s*** on, so go to uni and get into debt then go bankrupt n stay unemployable and sponge off the state, its not a bad life if your a sinlge mum with no savings, you get your rent paid for and heaps of credits. No one on this site can be happy with 0.5% interest, i know with lots of you i have touched a nerve and your natural reaction is to defend yourself, but its not me your should be looking at for answers. Dont bury your heads in the sand and dont be happy with 240£ for every 10k you have in a bank because after inflation your in the negative while mr debt with his 3 kids and big mortgage is getting a pay holiday from the inept government who HATES savers.

dunstonh

What message does this send out to the young?

To go out, get a job, save and invest for yourself and dont worry about what happens with benefits as you wont need them.

No one on this site can be happy with 0.5% interest

I wouldnt say that.

However, joking aside, anyone getting 0.5% interest is just being lazy.

while mr debt with his 3 kids and big mortgage is getting a pay holiday from the inept government who HATES savers.

The average is what 2.4 kids and most people get a mortgage in their life.

Personally, i love these low interest rates. It allows me to build my investments. Plenty of others on this board and those in real life are doing the same as well. The very thing you say shouldnt be done.

Aegis

Gray_colt wrote: »

So we ave to endure 5 more years of rates at 0.5% so the bankers can keep there jobs and home owners sleep at night. What message does this send out to the young? Dont bother at all because in life if you try hard and play by the rules you get s*** on, so go to uni and get into debt then go bankrupt n stay unemployable and sponge off the state, its not a bad life if your a sinlge mum with no savings, you get your rent paid for and heaps of credits. No one on this site can be happy with 0.5% interest, i know with lots of you i have touched a nerve and your natural reaction is to defend yourself, but its not me your should be looking at for answers. Dont bury your heads in the sand and dont be happy with 240£ for every 10k you have in a bank because after inflation your in the negative while mr debt with his 3 kids and big mortgage is getting a pay holiday from the inept government who HATES savers.

Since the interest rates dropped to 0.5% I've made somewhere in the region of 20-30% total return on my investment/pension portfolio.

Just because interest rates are low doesn't mean that returns have to be.

le_loup

Don't bother people, he's not reading, just writing.