Life is so unfair!

bigfreddiel

This rationalisation in state pension age is so unfair, as is the change to the new flat rate state pension. That's the current moan you keep on hearing.

Well let's go back a few years so I can moan and say how unfair it was paying a 15% plus mortgage rate, 17% inflation and a three day week. I tell you life was tough, if only interest rate had been 0.5%!

My point is each generation has something to moan about, moaning makes no difference, you may feel better for a while, but you would do better by forgetting about it and getting on with your life.

That's it folks, you never had it so good!

Have a nice life cheers fj

kidmugsy

For most of my working life I needed 44 years of NICs to get my full basic State Pension. I achieved 45. But when I got to 65, stone me, the requirement had been reduced (briefly) to 30 years. So all those people who had been slacking got just as big a pension as me. Snot fair.

dunstonh

Its also unfair that people live longer nowadays!

ManofLeisure_2

bigfreddiel wrote: »

This rationalisation in state pension age is so unfair, as is the change to the new flat rate state pension. That's the current moan you keep on hearing.

Well let's go back a few years so I can moan and say how unfair it was paying a 15% plus mortgage rate, 17% inflation and a three day week. I tell you life was tough, if only interest rate had been 0.5%!

My point is each generation has something to moan about, moaning makes no difference, you may feel better for a while, but you would do better by forgetting about it and getting on with your life.

That's it folks, you never had it so good!

Have a nice life cheers fj

I remember those days well and would agree with you entirely

Now, I'm just happy to be alive

needmorehelp

dunstonh wrote: »

Its also unfair that people live longer nowadays!

Yep the government would make you believe a good percentage are going to live to be 100.


Total rubbish.

SeniorSam

bigfreddiel wrote: »

This rationalisation in state pension age is so unfair, as is the change to the new flat rate state pension. That's the current moan you keep on hearing.

Well let's go back a few years so I can moan and say how unfair it was paying a 15% plus mortgage rate, 17% inflation and a three day week. I tell you life was tough, if only interest rate had been 0.5%!

My point is each generation has something to moan about, moaning makes no difference, you may feel better for a while, but you would do better by forgetting about it and getting on with your life.

That's it folks, you never had it so good!

Have a nice life cheers fj

You are so right on this. People want something for nothing - less working hours - more pay - more benefits etc etc etc. They don't want to WORK FOR IT. Most of my working life I did 6-7 days a week and often 10 hours a day and enjoyed it.

Mr_Costcutter

SeniorSam wrote: »

. Most of my working life I did 6-7 days a week and often 10 hours a day and enjoyed it.

You were fortunate in finding work which you really enjoyed doing, but so many do not.

Goldiegirl

bigfreddiel wrote: »

This rationalisation in state pension age is so unfair, as is the change to the new flat rate state pension. That's the current moan you keep on hearing.

Well let's go back a few years so I can moan and say how unfair it was paying a 15% plus mortgage rate, 17% inflation and a three day week. I tell you life was tough, if only interest rate had been 0.5%!

My point is each generation has something to moan about, moaning makes no difference, you may feel better for a while, but you would do better by forgetting about it and getting on with your life.

That's it folks, you never had it so good!

Have a nice life cheers fj

I couldn't agree more.

Back in the early 80's when I first started on the housing ladder, with my 15% mortgage (actually in was more like 16%, because I had to pay a higher rate for having an endowment policy and having a large mortgage. A large mortgage was classed as being over £20k) I remember feeling very jealous of the people who had bought their houses for a couple of thousand pounds and were retiring on full pensions, having worked for the same employer since they started school.

But I conveniently forgot about all the bad times they had lived through, like a world war!

Every generation has its good times and bad times. All you can do is get your head down, and play the cards your have been given, to the best of your ability.

It's a rite of passage to feel the previous generation had it so much better. But you get over it, and build your own life.

Mothman

We bought our first place in the mid-80's and yes interest rates were high but borrowing was a sinch with 100% mortgages easily available even if they were crappy endowment ones. Also the ratio of property values to earnings was much lower than today and so I feel very fortunate that we were able to get on the property ladder when we did, I certainly don't envy people trying to do it today.

dunstonh

Also the ratio of property values to earnings was much lower than today

Actually that is a bit of a myth. The banks publish data on this. You get variances but using the Nationwide BS first time buyer affordability measure you find the following using the UK average (they do list by region as well)

2015 Q2 - 34.7% (mortgage payment as a % of mean take home pay)
2007 Q4 - 51.8%
2000 Q3 - 26.0%
1995 Q1 - 19.9%
1989 Q3 - 55.3%
1985 Q2 - 39.6%
1983 Q1 - 28.5%

London is currently 65%. It peaked in 1989 at 90.2%

Mothman

Not sure I'd agree that '"mortgage payment as a % of mean take home pay" correlates directly with house prices as a multiple of incomes but hey ho.