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Current a level students won't get a pension till 77... Lets cut boomers pensions NOW
Comments
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You are right, but I use it to my advantage. Made far more money on short selling than I have ever on buying shares.
The Crash helped as well. Whilst many were eating their young enjoying 10% rises in the house price bubble, I was saving and investing in liquid assets. When the crash came, I was fortunate to purchase at 30% below peak price with a 35% deposit.
Its amazing how many claim this,buying well under peak.
Your other username was MGPF or something or other..whatever happened to the option ARM timebomb.0 -
Ever heard of RBS? Lehman Brothers? Or even RMBS? It went Kaboom if you didnt notice, hence why the US UK and EU is still writing down billions in loans today. It will continue to drag on the economy till at least 2014 (why I am predicting some form of strong recovery post 2014).
Its the main reason a number of large banks are still receiving financial support from their central banks is it not?
We recently had our home revalued for remortgage purposes. Lets just say I wasnt disappointed
having said that, it took a lot of effort to renovate.... 0 -
Ha ha very good george! Seeing as we are into gross generalizations, why not grab a cup of tea and change your bag at the same time! :rotfl:
Sick sack and ageist bigot.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
isn't one of the things that is screwing over the younger generation the lack of inflation.
if you have a large mortgage and start a pension pot with 20% inflation then assuming wages roughly keep up then the reward for saving is substantial.
In the old days you could skip a few holidays and live on baked bean for a few years to end up with substantial assets/savings. by comparison 2% inflation doesn't really benefit the young in the same way.
obviously I am not talking about Zimbabwe style hyper inflation where money has no meaning.
there are winners and losers with inflation which some would say makes it very unfair.
when people acquired assets from inflation some-one else lost.
basically debtors won and savers lost
we can 'solve' the housing problem by building more properties for people to enjoy living in at a reasonable price; we don't need inflation to do that nor interest rates of 15%EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
It will probably be phased out over a number of decades. I agree it will be as senstive as the NHS.
When I left school, I fully expected that during my life the number of people who retired without having a pension would fall dramatically and that the state pension would not matter to most people by the time I come to retire. Sure, I realised that there would always need to be a safety net for those who could never hope to make provision for a pension. What has shocked me is the failure of so many people to invest in a pension, or to invest enough in one. In some cases this is due to circumstances, and the financial services industry has not helped, but there were still a good number who adopted a live today philosophy.
But I suspect that over the next 20 years we will see an increase in the level of compulsory contributions to a pension and once that is established the state pension will be allowed to wither over time, particularly for those with occupational pensions well above average earnings.
What I am not convinced about is the notion that longevity will keep increasing.
'compulsory' contributions to pension is no different from paying tax; how does it differ?
state pension is totally affordable and so it the funding them from current resourcesEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
GeorgeHowell wrote: »Sick sack and ageist bigot.
Could say the same associating the young with drug taking. Remember george, Offence is taken, it isnt given....
In this case, dont give if you dont want any back.0 -
'compulsory' contributions to pension is no different from paying tax; how does it differ?
state pension is totally affordable and so it the funding them from current resources
It all comes from the same pot; the fact we have a trillion pound national debt and large deficit suggests otherwise.0 -
Could say the same associating the young with drug taking. Remember george, Offence is taken, it isnt given....
In this case, dont give if you dont want any back.
Clearly there is more recreational drug taking among the young because most older people have more sense. I did not say that all young people are into it, but if the cap fits, wear it.
There is a difference between generalised critical remarks and invective directed specifically at other posters. Spiteful, embittered, and prejudiced individuals such as yourself would probably have difficulty in appreciating that distinction, let alone acting upon it.
"Dont give if you dont want any back" -- that's exactly what I was thinking about you as a matter of fact. If you try to large in on the internet you will get it back with interest. You might come to appreciate that reality too when you grow up.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »Clearly there is more recreational drug taking among the young because most older people have more sense. I did not say that all young people are into it, but if the cap fits, wear it.
Personally, I know of far more born in the 60s/70s who are into their recreational drug abuse than my generation. But then again thats personal experience. Fortunately, we dont have many drug/alcohol addled idiots in my game.0 -
Personally, I know of far more born in the 60s/70s who are into their recreational drug abuse than my generation. But then again thats personal experience. Fortunately, we dont have many drug/alcohol addled idiots in my game.
the general level of research say otherwiseEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0
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