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At last, the baby boomers will share the pain

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  • pqrdef
    pqrdef Posts: 4,552 Forumite
    PaulF81 wrote: »
    look at the nhs budget stats split into age of reciepient.
    I think you'll find it's the pre-war babies who're blocking all the beds. The boomers are still in their 50s and early 60s. Apparently, they're the last generation that learnt arithmetic.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • pqrdef wrote: »
    I think you'll find it's the pre-war babies who're blocking all the beds. The boomers are still in their 50s and early 60s. Apparently, they're the last generation that learnt arithmetic.

    I think you will find it's the pre-war babies who were brought up in a period of austerity who are now the fit 70-80's having a 3rd age ball and getting most out of life. Not having had the luxury of being able to gorge themselves on junk food when young they will outlive the next generations down who are obese physical and mental wrecks
    You scullion! You rampallian! You fustilarian! I’ll tickle your catastrophe (Henry IV part 2)
  • exil
    exil Posts: 1,194 Forumite
    A baby boomer is someone born between approximately 1945 and 1965. That is, now aged 47 to 67. However the recently retired, that is the pre-baby boomer generation, have in fact done relatively well compared to their own parents (the ones who really did serve in the Second World War), due to the rapid extension of occupational pensions and SERPS from the 70s onwards. This is now starting to unravel so most baby boomers are already having to face later retirement and reduced values of occupational pension, private pensions (due to historically low annuity rates) and S2Ps. That said, the prospects for today's young people look grim indeed. Has anyone thought through the consequences of, say, 1/3 of the workforce being over 60 by the end of the century?

    It has to be said that all this talk is based on averages and there are people in all these generational groups who haven't seen any of the benefits mentioned in this thread.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    thorsoak wrote: »
    You know what I regret in this, more than anything else? That we, the "baby boomer" generation has spawned such a generation of mean-spirited, venomous, self-gratifiying whingers that post here and on other boards.

    That is not fair, you shouldn't tar all with the d_1ckhead brush ;) The vast majority from that generation are decent souls and many post on this board. I must admit, you have to wonder what some parents have done to these people to generate such twisted logic and jealousy.
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    PaulF81 wrote: »
    Sorry, how many over 55s do you see flying commercial jets?

    As for that other nonsense above, just wait till the lot protecting you all is out of the commons. Retribiution will be swift and without mercy.
    .

    I thought you were in the RAF have they kicked you out at last, did you get that payoff and pension paid for by the state at 38?
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I think you will find it's the pre-war babies who were brought up in a period of austerity who are now the fit 70-80's having a 3rd age ball and getting most out of life. Not having had the luxury of being able to gorge themselves on junk food when young they will outlive the next generations down who are obese physical and mental wrecks

    I think you are wrong, the early Boomers were also born during a period of rationing which officially didn't finish untill 1954.
    1954: Housewives celebrate end of rationing
    Fourteen years of food rationing in Britain ended at midnight when restrictions on the sale and purchase of meat and bacon were lifted.
    http://news.bbc.co.uk/onthisday/hi/dates/stories/july/4/newsid_3818000/3818563.stm
    [FONT=Comic Sans MS,Arial,Helvitica]trans.gif[/FONT]
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Stuff like tuition fees / student loans is alien to the current pensioners who 5-10% as opposed to 50% went to uni ( they may have received grants and even[STRIKE] transport allowances[/STRIKE])...

    I hope you don't mind I have corrected that for you
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 25 March 2012 at 10:20AM
    I think you will find it's the pre-war babies who were brought up in a period of austerity who are now the fit 70-80's having a 3rd age ball and getting most out of life. Not having had the luxury of being able to gorge themselves on junk food when young they will outlive the next generations down who are obese physical and mental wrecks

    So why are they increasing the state pension age? Generalisations don't do anyone any favours, the kids in our family are playing sport virtually every night, one plays for three different footbal teams and rugby a team: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 Thatcher
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    It is morally right that the current lot of pensioners should share some of the burden. Anyone read 'The Pinch' by David Willetts? even though i don't agree with his political views, he makes a good case for a slight redistribution of wealth away from the baby boomers.
    Stuff like tuition fees / student loans is alien to the current pensioners who went to uni ( they may have received grants and even transport allowances)...


    Firstly learn to do a little arithmetic and


    1. note that baby boomers are those born between 1945 and 1965 and so are now aged between 47 and 67

    do a bit of research and find out what percentage of that age group actually went to university and hence you will know how many didnot benefit from free UNi education.

    2. then find out what percentage of pensioners (those born say from about 1912 (now aged 90) to 1947 (now aged 65) actually went to University and hence you will know how many didn't benefit from free Uni education.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    Firstly learn to do a little arithmetic and


    1. note that baby boomers are those born between 1945 and 1965 and so are now aged between 47 and 67

    do a bit of research and find out what percentage of that age group actually went to university and hence you will know how many didnot benefit from free UNi education.

    2. then find out what percentage of pensioners (those born say from about 1912 (now aged 90) to 1947 (now aged 65) actually went to University and hence you will know how many didn't benefit from free Uni education.

    In fact I remember my old boss telling me that his father had to pay for him to be taken on as an article clerk in an accountancy firm.
    '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 Thatcher
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