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Resentment of this generation
Comments
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Correct me if this is a very naive view but to me it seems like:
The Baby Boomers are drawing down a pension that is more than they put in to begin with, while sitting on a house which is mortgage free and worth incredibly more than they ever paid for it, saving there pennies for god knows when (not supporting the economy).
People say that their house being paid off is a replacement for the pension that they don't have, but people are even reluctant to spend that. My grand parents have a house which has been paid off for a good 20 years and are very financially sound, yet they save like they have another 50 years left to finance. Makes no sense to me.
Not many babyboomers are drawing their pension yet.0 -
shortchanged wrote: »Don't whinge quantic as it may well make it your way eventually.
Maybe, and maybe i'll inherit the family business too. However, call me stupid but I'd quite like to think I could secure my own future without either of these things. Maybe I'm too naive in thinking it would be nice for us all to be born into a level playing field. In charge of your own destiny and all that romantic stuff
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Do you know how they worked that out? I don't understand what the average 65-year-old has taken out.
IMO it is just statics that can be spun which ever way you want.
It isn't just down to individual "taxation" either it is also down to the effort they expended and the "profits" made out their labours for the benefit of society as a whole.
For instance someone doing a low paid socialcare job or a cleaner can only provide so much personally. Are we saying they shouldn't be allowed a "fair" stab when they retire. I am sure their employers, for example, say a well known care home provider, have paid a "full proportion" of their profits in Taxation as have all Private Equity Firms that have rung out further efficiencies."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Maybe, and maybe i'll inherit the family business too. However, call me stupid but I'd quite like to think I could secure my own future without either of these things. Maybe I'm too naive in thinking it would be nice for us all to be born into a level playing field. In charge of your own destiny and all that romantic stuff
what do you consider a 'level playing field'?
sharing the average world income?
sharing the average world health care?
sharing the average world life expectancy?
sharing the average world educational system?0 -
Maybe, and maybe i'll inherit the family business too. However, call me stupid but I'd quite like to think I could secure my own future without either of these things. Maybe I'm too naive in thinking it would be nice for us all to be born into a level playing field. In charge of your own destiny and all that romantic stuff
But nobody is born equal. As Clapton has said across the world we have had a pretty good start.
In my immediate family:-
I have fared differently to my brother. He isn't good at budgeting or saving but works hard to keep the plates spinning.
My wifes family have all fared differntly and all made differnt choices. One is successful in the city, but has always lived to his income. Another is a teacher and always robbing Peter to pay Paul but they do like their gizzmos and new cars and the third has a mediocre job and just bobs along."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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Graham_Devon wrote: »I have no idea.
I'm sure they didn't just make it up though!!
I’m sure they didn’t but without knowing how they got to the figures they are not that useful.0 -
Well, I left Uni at 21, and bought when I was 24, between those dates I earned £43,806 after tax for all 3 years combined. It cost me roughly 24k to move into my first house, so yeah. I would say I saved quite well.
Is that an average of £14602 a year after tax? if so I am impressed with your saving prowess even more impressed in the fact you got a mortgage.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
what do you consider a 'level playing field'?
sharing the average world income?
sharing the average world health care?
sharing the average world life expectancy?
sharing the average world educational system?
Yes worrying that we may all be subject to a level playing field in the future :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Is that an average of £14602 a year after tax? if so I am impressed with your saving prowess even more impressed in the fact you got a mortgage.
Yes, made £14,602 per year after tax for the first three years after Uni doing a rather low paid graduate job/internship, saving about £8,000 of it. I only managed to get a mortgage because after 3 years of working I got an increase of 7k when finished my internship and was taken on properly.
Any more questions :P0
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