Triple-lock on pensions will stay. Pensions will increase when earnings have decreased

[deuse]

And they'll have to pay it back, and risk of default is already baked into the interest rate that financial institutions offer. These people are not burdening anyone else.

But they moan about things.

Go with out a car\drugs\drink\smoking. You will save a load

 

[HACO]

But they moan about things.

Go with out a car\drugs\drink\smoking. You will save a load

And now you're moaning about them.

 

[deuse]

And now you're moaning about them.

I'm not.

I am showing how to save cash.

 

[MikeTheNative]

I don't see a problem.

I do see people now buying most things on a credit card and live beyond there means.

You don't see a problem with ever increasing house prices and a pension bill we can't afford?

 

[southernorth]

You don't see a problem with ever increasing house prices and a pension bill we can't afford?

This thread, and others I've seen on GD, just has the same 'FYIGM' attitude to this if they're above a certain age.

 

[deuse]

You don't see a problem with ever increasing house prices and a pension bill we can't afford?

It's always been like that.

When I bought my 1st house I had 3 jobs and collected scrap on a sunday.
I haven't bought a car since 2006 as the price of petrol is a rip off.

I do hear people moaning that they can't afford a £3-4 cup of coffee...really

The avg wage in the 70s was £32 a week and a house cost £23,000.

I can understand if one goes with out all the nice things and still can't afford a place.
I would just move to a cheaper part of the country I was in.

 

[MikeTheNative]

It's always been like that.

When I bought my 1st house I had 3 jobs and collected scrap on a sunday.
I haven't bought a car since 2006 as the price of petrol is a rip off.

I do hear people moaning that they can't afford a £3-4 cup of coffee...really

The avg wage in the 70s was £32 a week and a house cost £23,000.

I can understand if one goes with out all the nice things and still can't afford a place.
I would just move to a cheaper part of the country I was in.

No, your actually wrong. House prices to average salary has gone up.

https://www.schroders.com/en/uk/pri...us-about-house-price-affordability-in-the-uk/

https://www.economicshelp.org/blog/5568/housing/uk-house-price-affordability/

 

[Uther]

Has the government said they will be scrapping the state pension? Can't see it being much of a vote winner.

 

[phil-k]

I don't know why there is all the fuss about pensioners getting back some of the money they paid in all their lives for, what about all the lazy spongers, whole families in some case that live on benefits and have never worked or paid into anything all their lives (excluding anyone that is disabled)

 

[MikeTheNative]

I don't think they will scrap it entirely but the way the government are pushing people to have private pensions now. For the people who are in their 20s , I reckon state pension is going to be a quite different than it is now.

 

[MikeTheNative]

I don't know why there is all the fuss about pensioners getting back some of the money they paid in all their lives for, what about all the lazy spongers, whole families in some case that live on benefits and have never worked or paid into anything all their lives (excluding anyone that is disabled)

It's not that pensioners shouldn't get any pension but whether a triple lock pension is a sensible thing to have in the current climate.

 

[Uther]

It's not that pensioners shouldn't get any pension but whether a triple lock pension is a sensible thing to have in the current climate.

Sensible or not, they are the ones that vote, and no government is going to go out of their way to **** them off.

 

[AiiR]

I don't think they will scrap it entirely but the way the government are pushing people to have private pensions now. For the people who are in their 20s , I reckon state pension is going to be a quite different than it is now.

Very different, a non existent kind of different.

 

[MikeTheNative]

Very different, a non existent kind of different.

I think's it's going to be if your private pension doesn't hit £150 for example, then you get 'state pension' to top it up to that target.

 

[deuse]

No, your actually wrong. House prices to average salary has gone up.

https://www.schroders.com/en/uk/pri...us-about-house-price-affordability-in-the-uk/

https://www.economicshelp.org/blog/5568/housing/uk-house-price-affordability/

It all went to pot when labour(I think) let the banks do mortgages.

 

[adolf hamster]

Is it a coincidence that Modern Monetary Theory and Magic Money Tree can both be abbreviated to MMT?

I swear the job of economists seems to just revolve around inventing increasingly elaborate ways to do the modern equivalent of scraping the edges of coins to accumulate some gold.....

 

[MikeTheNative]

It all went to pot when labour(I think) let the banks do mortgages.

Typical Boomer thing to do, just blame Labour.

 

[deuse]

Typical Boomer thing to do, just blame Labour.

In those days you had to be a member of a Building society before you could buy a house.

 

[Jokester]

In those days you had to be a member of a Building society before you could buy a house.

Another boomer benefit, carpet bagging building societies

Easy money for people of a certain age.

 

[Usher]

He's saying that wages are projected to rise 18% next year in the aftermath of the pandemic. This is because the furlough scheme will have ended and people will (theoretically, if their job still exists) be back to earning their full wage.

I can't see it happening, small companies who have lost thousands and large companies who have lost millions will all be eager to give their employees 18% rise ?