MSE News: Inflation soars, but means higher state benefits

bobajob_1966

poppasmurf_bewdley wrote: »

Well it's one way of keeping your thanked quota up for both of you!

Is it not just a polite way of saying 'I agree'? Someone else was moaning about my thanking lots of people the other day - I do it because I think it is polite - and far easier than posting a response of acknowledgement each time? I do tend to say thank you a great deal in real life too!

bobajob_1966

Samsaragirl wrote: »

Yeah right, state support- not. Expected to spend their life savings on care. The generation who got nothing, worked, saved, and now being taken off them by this sham government.

Good thing they have an only child, getting CA, SMI for large house, IS, and they are able to give grandchildren large deposits to buy houses.

That's what capital is all about, passing it through generations, by choice.

They and myself did not get government handouts for raising children, we did it out of our own pockets, responsibly planning along the way.

I referred to state support for those that need it, not those that have their own capital. My parents are very comfortable, and I expect them to spend their money on themselves, not save it for me. As you say, they have worked hard for their money, what good is it sat in the bank?

Oldernotwiser

Samsaragirl wrote: »

Yeah right, state support- not. Expected to spend their life savings on care. The generation who got nothing, worked, saved, and now being taken off them by this sham government.

The generation of people who are pensioners now ( I'm one of them) is generally considered to be one of the most fortunate that have ever existed. I don't think you'll find much agreement from anyone of your description of them.

(And, by the way, only a very small percentage of pensioners actually go into residential care.)

Jennifer_Jane

Perhaps someone would tell me if my logic is flawed.... but if inflation reduces substantially over the next few years, then the generations of people to benefit from the 5% state pension increase are actually those not currently on pension.

For us pensioners, we are having to cope with high inflation on low (pension) income. But once the pension has increased, then it has increased for all those who will eventually become pensioners in due course.

A huge bill for the Country to cope with in due course.

As for the amount, well I only get 64% of the pension, so £3.20 a week for me. (But am still grateful for that!).

bobajob_1966

Jennifer_Jane wrote: »

Perhaps someone would tell me if my logic is flawed.... but if inflation reduces substantially over the next few years, then the generations of people to benefit from the 5% state pension increase are actually those not currently on pension.

For us pensioners, we are having to cope with high inflation on low (pension) income. But once the pension has increased, then it has increased for all those who will eventually become pensioners in due course.

A huge bill for the Country to cope with in due course.

As for the amount, well I only get 64% of the pension, so £3.20 a week for me. (But am still grateful for that!).

Prices will have increased in proportion, so they would be no better off in real terms.

im-lost

Samsaragirl wrote: »

Yeah right, state support- not. Expected to spend their life savings on care. The generation who got nothing, worked, saved, and now being taken off them by this sham government.

So whats the problem? they can afford their own care so they should pay for it, or are you suggesting that the state pays for their care so they can leave little Oswald and Belinda a little pot of gold

They cant use the money or house once they are six feet under, so its only right that those that can afford it pay for it.

bobajob_1966

Jennifer_Jane wrote: »

But I said "If inflation has reduced....".

Then the rate of increase will decrease for pensions also. Do you mean deflation, where the rate is negative as opposed to having reduced? If so, there will be a short term benefit, but things tend to even out over a few years.

Samsaragirl

bobajob_1966 wrote: »

I referred to state support for those that need it, not those that have their own capital. My parents are very comfortable, and I expect them to spend their money on themselves, not save it for me. As you say, they have worked hard for their money, what good is it sat in the bank?

Agree, though my parents did not get a chance to spend it on themselves, so why should it go on their care and not be passed down, anyways, we are in the fiortunate position it will be, ableit hard for me with 2 parents on AA, but my day will come again.

bobajob_1966

Samsaragirl wrote: »

Agree, though my parents did not get a chance to spend it on themselves, so why should it go on their care and not be passed down, anyways, we are in the fiortunate position it will be, ableit hard for me with 2 parents on AA, but my day will come again.

Why should it not go on care?

Samsaragirl

Oldernotwiser wrote: »

The generation of people who are pensioners now ( I'm one of them) is generally considered to be one of the most fortunate that have ever existed. I don't think you'll find much agreement from anyone of your description of them.

(And, by the way, only a very small percentage of pensioners actually go into residential care.)

In what way, decency and morals perhaps?

And as to a small percentage go into care- where do you get that from?