MSE News: Pensions Minister: 'no straws to clutch to' for WASPI campaigners

RickyB2000

Malthusian wrote: »

Neither. Expectations are rising. People complain they don't have enough money to pay the rent, or the rising cost of goods, because they are spending money on things that didn't exist 10 years ago, or 20 or 40.

I knew it, it's all Apples fault! I would actually suggest that 20 years ago high inflation led to high wage growth. So, if you survived high interest rates, morgatages would quickly become cheap. Whereas in this no wage increase economy, your mortgage payment is round your neck for ever (or perhaps the last 10 years). I remember my parents advice - get the biggest mortgage you can, within a few years what was very painful will become easy as the mortgage payment is inflated away and you will also be sitting on large asset gains. That advice hasn't been relevant for some time (well, perhaps the large asset gains has held).

EDIT: and this doesn't take into account the loss or reduction of other remuneration benefits like pensions. This can't be ignored when looking at total package - not just headline wages.

molerat

Pollycat wrote: »

RickyB2000
WASPI aren't bothered about all women 'getting these pensions'.
They've been very clear that it's only those born in the 1950s.
Have the misfortune to be born on 1st January 1960 and those WASPI women don't give a toss.

And us 50s men who have had our pension age increased don't count either.

Pollycat

molerat wrote: »

And us 50s men who have had our pension age increased don't count either.

Oh molerat, I think pennylane has made her opinion of men having to wait longer than her for their state pension very clear in her post below.

Pennylane wrote: »

Why should I forget about when other women get their pensions when it's grossly unfair? I've just given an example of a man having to wait 3 months longer than me which isn't too band TBH. It's not right but it's not too bad considering I have female friends born just 8 and 11 months before me and they've been getting their pensions for a couple of YEARS.