Commons Work & Pensions Committee launch inquiry into "intergenerational fairness"

nannytone_2

theres precious little buying at all in greater london unless you have 2 high wage earners in the family!

i am not saying what is being looked into is right ... just saying what i hear being said.

some pensioners struggle, but their example doesn't reflect the situation as a whole. stats show that pensioners as a group, have the highest disposable income

missbiggles1

nannytone wrote: »

theres precious little buying at all in greater london unless you have 2 high wage earners in the family!

i am not saying what is being looked into is right ... just saying what i hear being said.

some pensioners struggle, but their example doesn't reflect the situation as a whole. stats show that pensioners as a group, have the highest disposable income

But that was true then as now.

It may be more impossible now but, when you're in that position, being impossible is quite enough to stop you doing something.

Murphybear

My first husband and I were trying to buy a one bed roomed flat in SW London in 1978. There was precious little around that we could afford, there were 50 people chasing every flat and mortgage rates were through the roof. We were both working for the NHS and living in a small rented flat, there was no housing benefit and no government topping up our income. I don't think we were any better off than today's 20 somethings.

And I don't have a massive pension either

xylophone

Oh I wondered why my Husbands tax allowance is only 10k

Not £10600? https://www.gov.uk/government/publications/tax-and-tax-credit-rates-and-thresholds-for-2015-16/tax-and-tax-credit-rates-and-thresholds-for-2015-16

xylophone

There are many, many pensioners who are also taxpayers and therefore funding the benefits received by others.

mickey54

sportsarb wrote: »

Definitely think they should be screwing pensioners more than they are right now.

Don't see why I should be paying for pensioners when the same level of protection of earnings won't exist when I am old. Although I seriously hope to be dead long before I become a pensioner, which will probably be 80's or so for my generation.

And your parents receive (received) what? Who paid for them?

nannytone_2

mickey54 wrote: »

And your parents receive (received) what? Who paid for them?

my parents receive a state pension and additional money from investments they were able to make.
they receive no means tested benefits.

my dad always worked full time and my mum worked part time from the time i was 8 and then full time from when i was 11 until i was 17 when she was made redundant. she didn't work again. my father worked at chloride... making car batteries ... so a manual job.

yet they earned enough to raise 3 kids, buy a house and provide for their old age.

my daughter and son in law both work full time in responsible jobs ( a 'higher' grade than either pf my parents) yet the can't afford to buy and pay minimally into a pension.

and the present generation isn't at a disadvantage?

teddysmum

But did your parents have the same standard of living ? Many people had to do without luxuries in order to buy a house and raise children (only helped by Family Allowance).

nannytone_2

we had a UK holiday every year, as does my daughter and her family.
obviously they have more than i had when i was a child, but that wasn't due to cost ... microwaves just didn't exist when i was a kid!

my parents lived and bought in london ... my daughter lives in the north.
by the time she has paid childcare ( something my parents never had to because mum was either at home or we were old enough to be left)
my daughter pays £38 a day in nursery ... and that is 'reasonable', and she can't afford to 'not work'

she receives no tax credits, although plenty of people buying houses do.
is it right that people buying houses can receive means tested benefit?

up to you to decide

Londonsu

xylophone wrote: »

Not £10600? https://www.gov.uk/government/publications/tax-and-tax-credit-rates-and-thresholds-for-2015-16/tax-and-tax-credit-rates-and-thresholds-for-2015-16

oh goody its going up it was 10,000 in 2014/2015 not had 2015/2016 letter yet wait with bated breath, what WILL we spend the extra dosh on.