Boomers Pension Gravy Train Finally To Be Derailed

TrickyTree83

RT should have more respect for the older generation.

I don't know where it's gone to be honest, any of them who did philosophy or literature degrees probably came across this:

"A society grows great when old men plant trees whose shade they know they shall never sit in."

whattochoose

Part of a Telegraph email....

http://www.telegraph.co.uk/pensions-retirement/financial-planning/inevitable-cuts-pension-will-fall/?WT.mc_id=e_DM241918&WT.tsrc=email&etype=Edi_Pfi_New_Mon&utm_source=email&utm_medium=Edi_Pfi_New_Mon_2016_11_30&utm_campaign=DM241918

DavidF

First they came for the jobless - They were !!!!less idles as far as I can remember
Then they came for the sick and disabled - Fackers and idlers was the cry
Then it was the immigrant - Stealing our jobs as well as claiming benefits AND taking up ALL social housing
Next the pensioners - Bloody living too long bed blockers, have fortunes under their mattresses ect
Not One of these groups as a mass supported the other that was targeted before them. Divide and control at its most basic.
Shame because if the above groups en mass DID support and block the cynical attempts at the demonizing of their predecessors then maybe things would look a bit different today.
The "Im alright Jack" society has flourished. And it is not just the above state run things where we see it in action.
I'm thinking of usual sitting in our homes tut tutting when we hear of delivery drivers earning way below minimum wage. Yet on this very site we all seek out ways to get either "free" delivery or we are looking at getting an item delivered from one end of the country to the other for a £5....We all still shop at these tax avoiding minimum wage dodging modern day slave drivers....We are all to blame for what is happening.

Back on track but still in the same vein - You have on this very thread many examples of "Well we had it hard when we were young", "the young today want it now", "Don't know their born", and a personal favorite "The young are lazy compared to our generation"....Do the pensioners think this is going to endear them to the younger generation who ARE actually doing the work now, Who ARE working 70 hour weeks (I know many), Who CANT get a council house.....never mind consider buying something private, Who have already been promised that they basically won't have a state pension.
It is also good to think how the current pensioners provided for THEIR pensioners when they were the young workers.....I seem to remember many needless winter deaths because the pensioner had to choose between heating or eating.....Oh yes how times change.
Now the above will seem as if I think the boomers set out to just look after themselves....But I don't think that at all, They like their predecessors before them have striven to make the world a "better" place. Better does mean the young person now NEEDS to be connected to the digital world, Better does mean we all have central heating, Better does mean everyone NEEDS a mobile phone.....Better should have meant all of those things were/are normal while still earning enough to put a roof over our heads and food on the table, If not then WHY did we as a nation even go down these routes ? All the mod cons were supposed to improve the lives so that the next generation did not "suffer" in the same way as the previous one....Is this not what mankind strives towards ?
Just remember all these mod cons were not invented by the youngsters who now use them. The older generation pushed all the frontiers and now bemoan the fact that people do not want to accept living "Like we did".
Sadly we are all divided and until a party or group gells us all back together under one cohesive banner then we will ALL be poorer while the elite giggle at the sight of us all fighting over the scraps.

antrobus

For those interested in actual facts as opposed to mildly entertaining rants, there is an;

Independent Review of the State Pension age Interim Report October 2016
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/559943/independent-review-of-the-state-pension-age-interim-report.pdf

It does give us a definition of the generation cohorts;

we define the three generations that feature throughout our analysis:

Baby Boomers (born 1945-65),
Generation X (born 1966-1979)
and Generation Y (born 1980-2000)

Note: Generation Y = millenials or echo boomers, apparently.

The report also contains the statement that "in 2028, the point at which State Pension age reaches 67, State Pension expenditure is projected to be 5.5% of GDP (roughly the current level)", and if you look at page 21 and the table of 'Long – run projections on pensioner spending (% of GDP) (2014-15 to 2064-65)', the cost starts increasing from 2034-35. (The last baby boomer retires in 2032.)

Or as the report also states;

There are 13 million pensioners now. By the time Generation X get to State Pension age in the mid 2030s there will be 15.5 million people over 67 (17.2 million over 65) and by the time Generation Y gets to the current legislated State Pension age (68) in 2048 there will be around 16.6 million pensioners (19.1 million people will be over 65).

It's almost as if the baby boomers aren't a problem at all, and it's really all the Gen X and Y girls and boys that are the problem becuase there is so many of them.

vivatifosi

antrobus wrote: »

For those interested in actual facts as opposed to mildly entertaining rants, there is an;

Independent Review of the State Pension age Interim Report October 2016
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/559943/independent-review-of-the-state-pension-age-interim-report.pdf

Interesting report, thanks.

Damn that 1.2 million people who choose to work past the age of 65 for not fitting into stereotypes:rotfl:

ruggedtoast

ruggedtoast wrote: »

As has been pointed out, most state pensioners are not yet boomers. The "Forgotten Generation" (certainly forgotten by the boomers) is not rich and should continue to receive boomer taxes.

Its in the next 5 years that the Triple Lock must go and "Generation Me" should start paying its own way for once.

TrickyTree83 wrote: »

RT should have more respect for the older generation.

I don't know where it's gone to be honest, any of them who did philosophy or literature degrees probably came across this:

"A society grows great when old men plant trees whose shade they know they shall never sit in."

I'm glad you are so fond of Jeremy Corbyn.

Not sure the memo made it to the rest of the boomers.

TrickyTree83

ruggedtoast wrote: »

I'm glad you are so fond of Jeremy Corbyn.

Not sure the memo made it to the rest of the boomers.

I can criticise his ideology.

I don't criticise his choices in life and blame him for mine or others, as you're doing with the older generation.

For example, if he wants to send his kids to private school, great, go for it. But don't then criticise others who may want a meritocratic school system and preach the benefits of a comprehensive system. Or don't criticise the current government on their borrowing when your policy is to borrow vast excesses more to fulfil your other policies.

ruggedtoast

TrickyTree83 wrote: »

I can criticise his ideology.

I don't criticise his choices in life and blame him for mine or others, as you're doing with the older generation.

For example, if he wants to send his kids to private school, great, go for it. But don't then criticise others who may want a meritocratic school system and preach the benefits of a comprehensive system. Or don't criticise the current government on their borrowing when your policy is to borrow vast excesses more to fulfil your other policies.

Considering under the Tories debt has ballooned from 76% to 89% of GDP, and regardless of whether you want in or out they are manifestly making an utter mess of Brexit which is going to cost us further billions. I fail to see why you are so keen on their fiscal probity.

Of course any future government is going to have to borrow to do anything, there is no money left thanks to your party's fiscal incompetence.

As we have to borrow I would rather the money were spent on investment in capital projects that will develop a sustainable economy, rather than handouts for the already rich. I appreciate that as a Tory voter this stance is utterly incomprehensible to you.

westernpromise

So you think the Coalition should have cut harder, do you, toastie? To reduce that deficit they inherited?

The answer - the socialist answer - is to abolish the pension and close the NHS. This will kill off the filthy boomer filth. It's a vote winner comrades!

ruggedtoast

westernpromise wrote: »

So you think the Coalition should have cut harder, do you, toastie? To reduce that deficit they inherited?

The answer - the socialist answer - is to abolish the pension and close the NHS. This will kill off the filthy boomer filth. It's a vote winner comrades!

They haven't reduced any of the deficit. They've marginally reduced the amount we borrow, then handed a large part of what we have borrowed to !!!!s like you to bribe you to keep voting for them.

Not a great investment imo.