Good grief. Did you actually research anything you’ve just said? Both foreign aid and legal aid are already cut to the bone. The amounts spent on both are minuscule and would make no difference to anyone’s pension if they were diverted. Meanwhile, you advocate cutting such aid yet suggest millions more are spent on border police. And while I agree that there is now a problem with refugees that needs to be addressed, going all Nazi on them is not the solution. The British people are better than that.
Triple-lock on pensions will stay. Pensions will increase when earnings have decreased
- Thread starter HACO
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Good grief. Did you actually research anything you’ve just said? Both foreign aid and legal aid are already cut to the bone. The amounts spent on both are minuscule and would make no difference to anyone’s pension if they were diverted. Meanwhile, you advocate cutting such aid yet suggest millions more are spent on border police. And while I agree that there is now a problem with refugees that needs to be addressed, going all Nazi on them is not the solution. The British people are better than that.
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All the young people that complain need to remember they will be old one day, our pension is shocking compared to the rest of Europe. I'm happy for it to go up.
By the time that they get a pension it'll be gone, and so will in all likelihood the NHS as the cost of pensions make it impossible to fund... so they'll have nothing, less than nothing if the trends in debt continues. Any money they have will trickle upwards through the inefficiency of private capital rent-seekers exploiting basic human needs.
That's assuming they don't die before retiring from illness or suicide.
/Mr Doom and Gloom bringing the good news
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Younger people who can see beyond the next 20 to 30 years are precisely the people who are considering the bigger picture.
They've had the lowest taxes in Europe for most of their lives. I wonder if that's related?
Don't think anybody has a problem with elevating people out of poverty. The majority of pensioners aren't in poverty.
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Why are you getting less than the basic state pension?
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I'll rephrase that. Why have you not built up any Additional State pension assuming you were born before 1951 (on top of the current £580/mo). That basically only happens if you were contracted out.
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And they'd have to start thinking long term too, as you wouldn't just be able to blame the other fellow for everything bad that happened in the last 15 years.
Sounds like a lot of work tbh.
The only countries that have stable coalitions are those joke countries like Germany and most of the EU. Clearly the UK/US system is far superior, with its polarised voters and elections that consistently "represent" about 25% of the populace at any given time.
But worse of all, you'd not be able rig the system to end up with 80% of the seats from 40% of the votes. Sounds hideous.
Straight from the pages of the Daily Mail/Express.
Indeed.
Gloomy but true. The mantra these days seems to be work longer and pay more to receive less, whilst pensioners are protected.
My long standing view is that most people should be paying more tax in return for better state services and benefits. It would be great to have a better state pension, but the reality for those in work is that it is actually getting worse.
Yeah. The state pension system, as it currently stands, will be insolvent in a few decades. For millennials to receive a state pension, it will either have to be significantly reduced, retirement age significantly raised, means-tested, or come with significantly increased taxes on future generations. This comes at a time where life expectancy is not increasing. I don't even think within 30 years there will be a concept such as retirement. People would just have to work until they die.
We'd be extremely lucky if NHS or any social care systems were to exist by time we get old. I personally have planned for my life as if a) there will be no state pension system, b) there will be no NHS, and c) there will be no social care. If I'm wrong, I won't be worse off. If I'm right, I've prepared for it and never expected much else. I believe if you're 20 or more years from retirement, you need to plan for this and have a nest egg that covers aall of this to ever even dream of retirement, or you'll just be working until you die.
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That’s not quite was I was getting at, essentially my point is that by some relative measures every generation is disadvantaged to the previous generation... Blaming a generation for happening to be alive in a capitalist society seems odd and fallacious to me because there is always a measure by which each generation will be financially disadvantaged..
Well there's the natural inequality inherent to any economic system, that's not the issue though. The issue is that the inequality is actively being exploited and driven wider for the self-interested few who by all accounts are perfectly content with their lot in life as it is.
It is unsustainable and things that are unsustainable do not survive. Something will have to give and the young have nothing.
It is unsustainable and things that are unsustainable do not survive. Something will have to give and the young have nothing.
Well said.
Yeah. Assuming current levels of taxation, UK state pension fund runs dry in 2033. If we keep the triple lock for these two years (2.5% increase this year, 18% increase next year), it could run dry much much faster:
https://www.boringmoney.co.uk/learn...-a-state-pension-when-i-reach-retirement-age/
There's just no way that a state pension system (in its current form) will exist in 30 or 40 years time.
They're being very adamant that the triple lock system will stay intact. The short-termism of British politics means they can just increase it by 18%, let the state pension fund dry up and let the next government decrease pensions or increase taxes to keep pensions solvent.
Not a chance, they just need to buy for time until they can find a palatable way of 'fixing' it without breaking the manifesto commitment to the triple lock. I'd argue they should just break it anyway as its a stupid, but we are where we are.
I will not be paying for someone else's mistakes.
You and I won't have a choice.