No pay rise? Blame the baby boomers' gilded pension pots

jacko74

I don't think there would be any 'boomer bashing' or 'playing the blame game' if that vile generation weren't so smug, self-righteous, arrogant and entitled... if they could be a little more humble and just admit that not only did they have it extremely easy compared to just about any other generation but they also screwed future generations by breaking the social contract and bankrupting the economy to award themselves ridiculously generous pay and pension packages, then there wouldn't be so much resentment towards them.

ruggedtoast

jacko74 wrote: »

I don't think there would be any 'boomer bashing' or 'playing the blame game' if that vile generation weren't so smug, self-righteous, arrogant and entitled... if they could be a little more humble and just admit that not only did they have it extremely easy compared to just about any other generation but they also screwed future generations by breaking the social contract and bankrupting the economy to award themselves ridiculously generous pay and pension packages, then there wouldn't be so much resentment towards them.

/gets popcorn

ukcarper

jacko74 wrote: »

I don't think there would be any 'boomer bashing' or 'playing the blame game' if that vile generation weren't so smug, self-righteous, arrogant and entitled... if they could be a little more humble and just admit that not only did they have it extremely easy compared to just about any other generation but they also screwed future generations by breaking the social contract and bankrupting the economy to award themselves ridiculously generous pay and pension packages, then there wouldn't be so much resentment towards them.

What rubbish

lessonlearned

jacko74 wrote: »

I don't think there would be any 'boomer bashing' or 'playing the blame game' if that vile generation weren't so smug, self-righteous, arrogant and entitled... if they could be a little more humble and just admit that not only did they have it extremely easy compared to just about any other generation but they also screwed future generations by breaking the social contract and bankrupting the economy to award themselves ridiculously generous pay and pension packages, then there wouldn't be so much resentment towards them.

:rotfl::rotfl::rotfl:

MPD

lessonlearned wrote: »

A few lazy hack journalists - usually Middle class and middle aged - pen a few poorly researched and Ill thought out "think pieces" and LO and behold (some) of the younger generation start seeing themselves as victims of oppression.

The ones who are capable of Independent thought have the wit to look beyond the hype and see the bigger picture but some do fall for it, hook, line and sinker.

Pensions apartheid :eek: Hang your heads in shame Daily Mail journalists.

BobQ

jacko74 wrote: »

I don't think there would be any 'boomer bashing' or 'playing the blame game' if that vile generation weren't so smug, self-righteous, arrogant and entitled... if they could be a little more humble and just admit that not only did they have it extremely easy compared to just about any other generation but they also screwed future generations by breaking the social contract and bankrupting the economy to award themselves ridiculously generous pay and pension packages, then there wouldn't be so much resentment towards them.

I am struggling to see any sense, truth,evidence in your post above. Are you just trying to wind people up?

Calling a generation vile? Why?

Why did they have it easy? Sure they did not have to pay to go to university but only 5% of them were able to go and they had to work jolly hard to go. They lived at a time when house prices were set by a market and interest rates were a lot higher. Was it their fault that houses were cheaper?

How did they screw future generations? They worked for the pay they were offered, received the pensions that went with that job. If I offered to pay you to do a job that had a pension would you turn it down if you could do the job and liked the offer?

How did they bankrupt the economy? They borrowed money at market rates and mostly paid it back.

The real issue is that resentment does not help your generation. Some boomers were luckier than others but they all worked with the system they were dealt.

I do not know why it is my fault that I worked hard and achieved something in my life. Most of my pension will come from investing money I have earned wisely. Those who have good occupational pensions received them because they worked in jobs that paid a lower salary to cover the pension. Sure some employers may have misjudged the way they were calculated but that was not the employees fault.

In short I believe more should be done to help your generation but I fail to see that it is my fault that you think you you have been "screwed". Please explain......

Sapphire

dunstonh wrote: »

lol Sapphire. You just thanked a bot who repeated an earlier post.

Oh, yes – mine, though phrased with a foreign accent, I think.

Sapphire

ukcarper wrote: »

I wouldn't call the Blair government left wing.

Many governments that have called themselves 'left wing' were actually nothing of the sort – many appeared downright nasty and oppressive towards the populations they 'served'.

jacko74

Bob I'm not trying to wind anyone up, I'm just offering my opinion based on my personal experience, maybe I'm just unfortunate in the type of boomers I know but I absolutely stand by my description of them.

I could give you a whole page of anecdotal evidence to back up my opinion that the boomer generation had (and still has) it far easier than anybody else before or after them.

I find it ironic when I frequently hear boomers bragging about what cushy working lives they had, yet as soon as you suggest to them that they had it easy they start foaming at the mouth and insisting that their lavish (early) retirements are funded by 'a lifetime of hard work'... they clearly don't know the meaning of the phrase compared to how hard their parents and children's generation had/have to work, with nothing like the same level of rewards to show for it.

I don't actually begrudge anybody getting a lucky break I just wish the boomers would have the decency and honesty to admit that pretty much their whole adult 'working' life was one long lucky break.

Thrugelmir

BobQ wrote: »

Those who have good occupational pensions received them because they worked in jobs that paid a lower salary to cover the pension.

Not low enough to cover the true cost of the pension provided. My employer currently contributes 26%. Hardly surprising that restructuring abounds.