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Baby Boomers at it Again
Comments
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Most male boomers will have worked 49 years before they get their pension some more.0
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Most male boomers will have worked 49 years before they get their pension some more.
And my generation will work considerably longer, for much the same life expectancy, with worse public services and a smaller means tested pension. All because the boomer generation will not be told their pensions are unaffordable.0 -
And my generation will work considerably longer, for much the same life expectancy, with worse public services and a smaller means tested pension. All because the boomer generation will not be told their pensions are unaffordable.
You have no idea what your pension will be or what the boomers pensions will be.0 -
And my generation will work considerably longer, for much the same life expectancy, with worse public services and a smaller means tested pension. All because the boomer generation will not be told their pensions are unaffordable.
Leave uni at 21, or be at least that to get a job that pays more than the NMW work 47/49 years say 68/70. I don't see pension age being much higher than that. back to what it used to be.
That's progress for you."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I was talking about the socialist pension, not private.
Quite easy for the boomers to chat about this when they have put very little work in for the pensions they are expecting. Ticket to dignitas I say.
Not really a socialist pension though is it because it has been continued and enhanced by successive governments left and right.
It is not massive either, just enough to keep you in subsistence."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Jennifer_Jane wrote: »This sounds like something from a Western. I don't understand what you're on about. What is a "6 month AST lady"?
Listen sister, you boomers have had the lions share of the housing wealth pie, and now you want the younger generations to move to Stoke in penance for your sins.
Priceless.0 -
I was talking about the socialist pension, not private.
Quite easy for the boomers to chat about this when they have put very little work in for the pensions they are expecting. Ticket to dignitas I say.
What is a socialist pension?
I have contributed to the state pension and the majority of those contributions were made under Tory administrations.
Your quips about the older generations are becoming a little puerile in my opinion. Remember one day this will be you, and you may find that the younger generation at that time see yours as responsible for all the world's problems.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
ruggedtoast wrote: »Listen sister, you boomers have had the lions share of the housing wealth pie, and now you want the younger generations to move to Stoke in penance for your sins.
Priceless.
The chip on your shoulder is getting bigger by the day, stop whining........Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
You contributed to it. But you on the balance of probability did not pay in enough. Otherwise we wouldnt now have a deficit.What is a socialist pension?
I have contributed to the state pension and the majority of those contributions were made under Tory administrations.
Your quips about the older generations are becoming a little puerile in my opinion. Remember one day this will be you, and you may find that the younger generation at that time see yours as responsible for all the world's problems.
Its a socialist pension as because like most socialist schemes, its paid on the never never (or in this case, later generations, who will not see a scheme like it by the time they retire).
I would call 800 quid per month for a couple who typically dont hold a mortgage or major liabilities pretty generous, when you consider extra free transport, winter fuel allowance, free tv licence, council tax benefits etc. Especially when compared to the original Bevan state pension its positively gold plated, and hence unaffordable.0 -
You contributed to it. But you on the balance of probability did not pay in enough. Otherwise we wouldnt now have a deficit.
Its a socialist pension as because like most socialist schemes, its paid on the never never (or in this case, later generations, who will not see a scheme like it by the time they retire).
I would call 800 quid per month for a couple who typically dont hold a mortgage or major liabilities pretty generous, when you consider extra free transport, winter fuel allowance, free tv licence, council tax benefits etc. Especially when compared to the original Bevan state pension its positively gold plated, and hence unaffordable.
We don't have a defect purely as a result of pensions though do we.
They are only part of the welfare bill.
What we don't have is a wholly effective labour force, paying tax at fair levels.I don't mean penal levels, just paying it in greater volumes.We have tax being avoided by both personal and corporate entities on top of this.
Winter fuel allowance was introduced to reflect the disprportiante cost of heating/energy relative to the index linking of pensions. It should have been added as pension and taxed if appropriate. TV licences are a no cost give away, because the BBC budget just isn't as big. In sales terms a no cost give away.
Travel subsidies are a back hand way of keeping buses running for all in society. If people don't need to use them I am sure that would often prefer to pay and retain their own transport freedom by keeping their own car, paying the associated taxes. It is not obligatory to have a bus pass or to use it.
Council tax benefits are not given out to all and sundry you have to prove you demonstrate need through means testing.
Often pensioners live alone, often have the same overheads and have to cope on a lot less than the sums you suggest. If they choose, or have no choice but, to stay in a larger property they will be paying higher Council Tax.
If they have an occupational pension odds on they will be paying tax.
And of course the big benefit of collective insurance is that large parts of the population pay in and never draw out."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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