NOW OPEN: the MSE Forum 'Ask An Expert' event. This time we'd like your questions on TRAVEL & HOLIDAY DEALS. Post by Wed and deals expert MSE Oli will answer as many as he can.
'Are you an financial optimist for 2012?' poll
in MoneySaving polls
49 replies 6.3K views
This discussion has been closed.
Latest MSE News and Guides
Energy Price Cap change
Martin Lewis on what it means for youMSE News
Best £1 you've ever spent?
Share your most impressive bargainsMSE Forum
New MSE Forum avatars available
Try 'em out nowMSE Forum
The biggest worry is what a poll like this will look like in 80 years time, will our children and our grand-children be able to look back on such gilded lives?
Where as know the young want hd tv. Blue ray ,laptops ,iPad ,mobile phone contracts ,broadband ,cable ,nice posh car foreign holidays you get the picture ,I am not by any means saying it was easy 50 40 years ago because I pretty confidant it was dam hard
what I am saying is are the younger ones know caught up as victims of our own evolution they expect all of these things and a nice paid for roof over there head and comfy old age they have all of these distractions that where not there in the 50s and 60s
And why should the older generation pay to get the young out the mess it's not there fault the country has gone to pot
So to the younger generation don't get bogged down in a mobile contract don't have sky don't have broadband don't have credit cards don't have flash cars like I say everyone is different but intodays society what you can afford today you may not afford tomorrow and still have a big mortgage to pay
I have savings because I'm in my very own "Grumpy Lifeless Scrooge Programme"(TM), but I don't know pretty much anybody who'd be able to put up with it besides me. But it would take a very long time to get over 100k because my family has a tradition of being in the "Money Spilling Expert" category, and they slow me down.
I'm looking forward to the day when I swap rent payments with mortgage payments - and this wouldn't affect how I voted, because the house and mortgage cancel each other, if I understand how the math works.
Hmm - only trouble is although house prices have risen us BB's still need somewhere to live. I started work at 14 and 'retired' at 62 (redundancy) so I've worked for 48 years - I've cleaned, served drinks and done anything legal that would bring in some money I had a month off working for my fist child and a week off for my second - never claimed ANYTHING from the state (dont forget we only had child allowance for the first child and could only get a mortgage on twice hubby's earnings or 2 1/2 times joint & dont even think about interest rates of 12 - 16%) like previous posters - no central heating, no fridge (definitely a luxury then!) second hand furniture which we were very grateful for & and no disposable nappies. Through bad advice I have a pension on my husbands contributions of £200 a month and a work pension of £60 per month - we can just afford to pay our bills. I hoped our retirement would be 'comfortable' but its not & I bless the fact that the scrimping I did when younger pays dividends now 'cos we need every penny
I agree that in some cases inheritance is why baby boomers are better off. However it is unlikely that the current baby boomers' children (mine included) will receive inheritances. Having worked hard all of our lives and paid taxes we are now being told that we are too expensive to maintain in our old age and are living far too long, and that we must use our assets, including our properties, to pay for any care we may require.
I wonder why I bothered working, paying taxes, struggling with a mortgage and trying to save for retirement when I could have had a life on benefits and let the state pay for everything including elderly care. Is it my expectations that are too high, or are the expectations of the "I want it all and I want it now" generation too high?
I would really like to know more about people's assets/savings - it's a pity the large single group 'Saver: £250,000 - £1 million' (currently representing 20% of responses) could not have been broken down into three smaller groups '£250,000 - £499,999', '£500,000 - £749,999' and '£750,000 - 1 million'. This would have given better detail on whether the majority within this group sit at the lower or upper ends of it - a big difference worth knowing!
Now in a little HA house, drive an old banger, chronic illness so living on DLA. There are thousands, if not tens of thousands, like me
I'd like to know where it is!
People may often underestimate how much money is in their pension funds, especially if they've been saving a long time. A small amount put in forty years ago will be a lot now.
House prices make a large difference, because even though they've dropped recently, they have gone up incredibly over recent years so that people that didn't get on the property ladder in recent years may never do so unless the market really crashes. I'd like to see a poll on how much the value of people's homes has increased during their lifetime.