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Over-55s have a financial 'annus horribilis'
Comments
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People need to stop moaning and blaming the 'boomers' - the 'NOW' generation have a lot to answer for as well!
By the way, the value of someones home who purchased eons ago is irrelevent and does not help them in the slightest. They have had no, or little impact in putting up the value of their own home - it's people purchasing now that do that, so to all you lot who have purchased recently, probably on a scheme, in these high priced times maybe you need to think about the impact that YOU have just made by pushing up values?
Exactly.
Would the "NOWS" like to go back to 15% interest rates instead of being subsidised by with taxpayer with their mortgages,because the BoE haven`t got the guts or the nerve to set a true interest rate.0 -
No such thing
you make what you can of your life.
Some do and some don`t want to, but moan about others saying they had it cushy.
Only in their imaginations I`m afraid.
Today`s indebted, spoiled, "have now never mind about later" are in the "sweet spot" but don`t realise it.
Years ago if people went bankrupt, hardly any by today`s figures, they held their heads in shame and were tainted for life.
Today, it`s a great joke to run up a mountain of debt, go bankrupt, and actually brag about because "it`s only for a year".
What a great post. All the ignorant boomer stereotypes about Generation X and Y right there in just a few lines, with a good dollop of "I'm alright jack" emotional reasoning too.
Go and get a clue. You have no idea what its like to start out in a world where you will work harder and longer, for more years than anyone before you, for less and less.
Study harder, saddle up with student loans you will never pay off, and still finish off with less than your parents, as well as less than you had the year before.
Still as long as people keep paying for you to make out like bandits on your house prices and funding your pensions and health care all is well in the world isn't it?0 -
ruggedtoast wrote: »What a great post. All the ignorant boomer stereotypes about Generation X and Y right there in just a few lines, with a good dollop of "I'm alright jack" emotional reasoning too.
Go and get a clue. You have no idea what its like to start out in a world where you will work harder and longer, for more years than anyone before you, for less and less.
Study harder, saddle up with student loans you will never pay off, and still finish off with less than your parents, as well as less than you had the year before.
Still as long as people keep paying for you to make out like bandits on your house prices and funding your pensions and health care all is well in the world isn't it?
What a load of tripe from someone who wants something for nothing.
Go out and make it happen.
Uni debt, what`s that, I didn`t even have the chance to go there, I was too busy working and paying my way.
And yes "I am all right Jack" because I`ve made it "alright"
the hard way.
I`ve funded my own pension by paying in 44 years stamps unlike today where they only have to pay for 30 years.
But most of your types won`t even get 30 years paid in.
The "I want it now" brigade and someone else will pay later.
When I bought a house to actually LIVE IN, interest rates were 15% not .5% like today.
Get real, instead of whining and looking green with envy, go and do it yourself and stop blaming others for your own uselessness.
It seems the vast amounts of money that the last government spent on education has, well at least in your case, been money down the drain.0 -
What does annoy me is that pension annuity rates have collapsed over the last 20 years, no decent interest rates on savings. Losing my job, and living in a world were, frankly, I have no idea how we get out of this mess.
That normally woudn't be a problem, unfortunately the chaps who have to make the decisions haven't got a clue either :eek: Man Utd go out of CL at the group stage and Lancashire win the county championship, strange days indeed.'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 -
ruggedtoast - "Go and get a clue. You have no idea what its like to start out in a world where you will work harder and longer, for more years than anyone before you, for less and less."
I presume you didn't get a degree in history then?
I inherited nothing, worked hard, own my own home, no mortgage now after paying it off with a 25 year loan.
I don't care what my house is worth - £5.00, £50,000 or £500,000 - it's my home.
The next generation will inherit it's value, not me." The greatest wealth is to live content with little."
Plato0 -
What a load of tripe from someone who wants something for nothing.
Go out and make it happen.
Uni debt, what`s that, I didn`t even have the chance to go there, I was too busy working and paying my way.
And yes "I am all right Jack" because I`ve made it "alright"
the hard way.
I`ve funded my own pension by paying in 44 years stamps unlike today where they only have to pay for 30 years.
But most of your types won`t even get 30 years paid in.
The "I want it now" brigade and someone else will pay later.
When I bought a house to actually LIVE IN, interest rates were 15% not .5% like today.
Get real, instead of whining and looking green with envy, go and do it yourself and stop blaming others for your own uselessness.
It seems the vast amounts of money that the last government spent on education has, well at least in your case, been money down the drain.
What codswallop, what poppyc0ck, what blathering boomer balderdash.
You bought a house? Yes you did, an activity which you've thoroughly pulled the ladder up on for the younger generations.
No uni debt? No not really, you need a degree to get a temp job filing in this brave new world.
Forty four years paying for a pension? We're all paying for flipping pensions, the only difference is that after paying for yours there probably won't be one after that.
Oh yes, I know you were born in a tin bath and had rocks to eat. Thats the thing about boomers claiming poverty isnt it; it was like the French Resistance the day after VE day, the entire population of France claimed to have been a member.
Because no one at all is born into poverty now!0 -
ruggedtoast wrote: »What codswallop, what poppyc0ck, what blathering boomer balderdash.
You bought a house? Yes you did, an activity which you've thoroughly pulled the ladder up on for the younger generations.
No uni debt? No not really, you need a degree to get a temp job filing in this brave new world.
Forty four years paying for a pension? We're all paying for flipping pensions, the only difference is that after paying for yours there probably won't be one after that.
Oh yes, I know you were born in a tin bath and had rocks to eat. Thats the thing about boomers claiming poverty isnt it; it was like the French Resistance the day after VE day, the entire population of France claimed to have been a member.
Because no one at all is born into poverty now!
Who pulled up the ladder all the boomers who have lived in the same house for the last 20 years like me and most of my friends or the younger people bidding up houses that did come up for sale?0 -
Who pulled up the ladder all the boomers who have lived in the same house for the last 20 years like me and most of my friends or the younger people bidding up houses that did come up for sale?
Yes. We've lived in ours for 25 years. Back then people didn't look on property as a Get Rich Quick deal.0
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