"Average Earnings Growth" and triple lock

BlackKnightMonty

michaels said:

Cobbler_tone said:

It's funny reading the guess work ahead of a rise that doesn't happen until next year for people who don't generally need it. 

Why would it not generally be needed? Do you have data showing almost all pensioners already earn more than 60% of average household income?

What nonsense is this?

Cobbler_tone

michaels said:

Cobbler_tone said:

It's funny reading the guess work ahead of a rise that doesn't happen until next year for people who don't generally need it. 

Why would it not generally be needed? Do you have data showing almost all pensioners already earn more than 60% of average household income?

Apologies...I forgot humour was all but banned on the MSE Forum. 
A light hearted reference to the silver generation.

BlackKnightMonty

Cobbler_tone said:

michaels said:

Cobbler_tone said:

It's funny reading the guess work ahead of a rise that doesn't happen until next year for people who don't generally need it. 

Why would it not generally be needed? Do you have data showing almost all pensioners already earn more than 60% of average household income?

Apologies...I forgot humour was all but banned on the MSE Forum. 
A light hearted reference to the silver generation.

You mean the platinum (card) generation?

Exodi

Stubod said:

..as long as it is CPI H..!!!!

Forgive me, but how would that be fair? The housing element of CPIH includes rent and mortgage interest?

Around 3/4s of pensioners own their homes outright, with the small remainder either having a tiny outstanding mortgage, being social renters or a very small percentage (about 1/20) being private renters.

It would be hard to justify increasing pensioner income inline with mortgage/rent increases, when only a single digit percentage of pensioners pay it, no?

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years~
(source: data in the introduction section).

Yes, I know CPIH also includes Council Tax and other relatively minor housing costs.

michaels

Cobbler_tone said:

michaels said:

Cobbler_tone said:

It's funny reading the guess work ahead of a rise that doesn't happen until next year for people who don't generally need it. 

Why would it not generally be needed? Do you have data showing almost all pensioners already earn more than 60% of average household income?

Apologies...I forgot humour was all but banned on the MSE Forum. 
A light hearted reference to the silver generation.

Whoosh...doh!