Moneysavingexpert campaign to help savers

Really2

When was the last time savers were well off in a down turn?

The whole idea of saving is putting money by for when you need it, ever think a recession may be one of those times you may be earning less on savings and indeed dipping in to them.

michaels

And how would the govt have enough money to pay you and all the others the 85k 'guarantee'? The only possible way would be to print loads of money...hang on a minute isn't that what you are complaining about?

Lokolo wrote: »

The majority of savers were already protected as very few will have more than £50k (at the time) in one institution.

nearlynew

Really2 wrote: »

When was the last time savers were well off in a down turn?

The whole idea of saving is putting money by for when you need it, ever think a recession may be one of those times you may be earning less savings and indeed dipping in to them.

That would be fine if it wasn't for inflation.

That is why ...


INFLATION IS THEFT


I'm not here to argue, you can either see it or you can't

JonnyBravo

nearlynew wrote: »

That would be fine if it wasn't for inflation.

That is why ...


INFLATION IS THEFT


I'm not here to argue, you can either see it or you can't

It's no good.... I can't see it..... all I can see is.....

INFEST TINFOIL HAT

Lokolo

michaels wrote: »

And how would the govt have enough money to pay you and all the others the 85k 'guarantee'? The only possible way would be to print loads of money...hang on a minute isn't that what you are complaining about?

Er................

The_FSCS wrote:

We are independent of the government and the financial industry, and were set up under the Financial Services and Markets Act 2000, becoming operational on 1 December 2001 (although we still cover claims from before this date).

ILW

Just seems a little bizarre that the whole world crisis has been caused by governments and individuals over borrowing. Yet when it comes to the crunch, the ones that are paying the price are those that tried to save a few quid and stay out of debt, whilst those that did over borrow are being bailed out with low IRs and high inflation. Does not seem a great example to set for future generations about "doing the right thing".

pqrdef

ILW wrote: »

Just seems a little bizarre that the whole world crisis has been caused by governments and individuals over borrowing.

A myth created by the Right as part of their eternal campaign to reduce public spending with the aim of reducing their taxes.

They are of course up to their own eyeballs in debt.

Graham_Devon

Lokolo wrote: »

Yet theres people like me who are saving for a house deposit and can't enjoy the low rates on a mortgage, nor enjoy the fact my savings are depleting in real terms.

You are one of, what was classed as, the stagnation generation the other day.

A generation whereby some have been caught out by negative equity. Many more by using debt to offset high costs of living, and the majority not having had the means to benefit from rising asset prices.

The economist suggested it'll be the next "babyboomer" generation, apart from we'll be known as the stagnant generation. Those who use all their wages to get from one month to the next. Those who are trapped in rentals, trapped with negative equity, trapped with higher taxes and worse pensions, extremely volitile investments and poor savings etc.

However, the only thing that he did suggest benefits us, is if politicians across the world keep meddling, it won't be us paying any of the debts created today...we'll just never actually get any further. It will be our kids and those not yet born saddled with the debts.

Made an interest piece of radio, and saw a lot of truth in what he said in myself and my group of friends from school. Was an older co-worker next to me while it was on the radio and she stated it matched her daughter perfectly, as she's just spending every bit of her wages each month just on living, and as a mum, she fears she'll never get anywhere and is somewhat trapped.

Lokolo

Graham_Devon wrote: »

You are one of, what was classed as, the stagnation generation the other day.

Deleted to save space

Yep! I just think it helps that I am financially aware, so can limit the problems I could have.

atush

HAMISH_MCTAVISH wrote: »

I'm SAVING a fortune on my mortgage thanks to these once in a lifetime low rates.

Thanks savers.:beer:

I have both a tracker mtg and savings. And have ben overpaying for nearly a decade now so low rates aren't killing me yet. I have no debt apt from mtg though.