Sky News now interest rates and housing.

thor

Running_Horse wrote: »

Not everyone over 50 has a huge pension or a massive house to sell.

When you (the young people) stop moaning how unfair everything is, you might realise how lucky you are to be living in the most priveliged generation in history.

pleasanWould you rather go back twenty years when thousands of elderly froze to death and couldn't get an operation?

I don't think the young and even the not so young have as cosy a future as the current oldies. I am convinced that there will be no state pension in 20 years time as the ratio of earners to pensioners will just be too low to support it and by the mid 2050s we could see a Logun's Run type of effort to reduce the number of old folk. I can see it by the government at the time starting to withdraw medical help and them and encouraging euthanasia.

ILW

thor wrote: »

I don't think the young and even the not so young have as cosy a future as the current oldies. I am convinced that there will be no state pension in 20 years time as the ratio of earners to pensioners will just be too low to support it and by the mid 2050s we could see a Logun's Run type of effort to reduce the number of old folk. I can see it by the government at the time starting to withdraw medical help and them and encouraging euthanasia.

On a matter of serious economic and moralistic interest.

Was Logans Run the film where Jenny Agutter got her jubblies out?

TC1

ILW wrote: »

On a matter of serious economic and moralistic interest.

Was Logans Run the film where Jenny Agutter got her jubblies out?

Could be...but if it was she also did similar in The Wickerman. Lovely Jubbly.

nicko33

ILW wrote: »

Was Logans Run the film where Jenny Agutter got her jubblies out?

An American Werewolf in London would be more likely
Wicker Man was Britt Ekland

Out,_Vile_Jelly

TC1 wrote: »

Could be...but if it was she also did similar in The Wickerman. Lovely Jubbly.

It was Britt Ekland in The Wicker Man; but apparently they used a stunt double for her backside.

I don't pay Rupert Murdoch to pipe raw sewage into my lounge, so sadly missed the debate.

DaddyBear

HAMISH_MCTAVISH wrote: »

As per thread title

HAMISH_MCTAVISH 05-03-2011, 11:23 AM

Sky News on a Saturday morning? Your life really is a thrill a minute.

TC1

nicko33 wrote: »

An American Werewolf in London would be more likely
Wicker Man was Britt Ekland

You're right. My eyes deceived me. Note to self " Don't get your jubblies mixed up"

ukcarper

Out,_Vile_Jelly wrote: »

It was Britt Ekland in The Wicker Man; but apparently they used a stunt double for her backside.

I don't pay Rupert Murdoch to pipe raw sewage into my lounge, so sadly missed the debate.

Isn’t Sky News on freeview not that I watch it.

Generali

HAMISH_MCTAVISH wrote: »

There are 11.5 million mortgages alone.

Just a small spanner to chuck into those works. Traditionally, people would pay off all but a few hundred quid of the mortgage as it was felt to be safer and cheaper to allow the building society to look after your deeds than it was to pay a solicitor to do it or keep them at home.

There will be a fair few mortgages of that nature. There will also be plenty of people with small mortgages and cash savings that exceed the mortgage. They are net savers.

I take your point though. 7:1 does sound very toppy.

HAMISH_MCTAVISH

Generali wrote: »

I take your point though. 7:1 does sound very toppy.

It's sounds like a blatant lie. At least, in the format it's usually presented, ie, "there are 7 savers for every borrower".

That's just mathematically impossible.

As for net savings, not sure if you have data for total UK households savings (excluding pensions) versus total UK household debt, but it'd be interesting to see.

There's no way that ratio is 7:1 either. Having seen the breakdown of savings amounts by household I'd doubt it's much more than 1:1.... given the securitisation of debt onto the global markets, it may even be less.