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Raising Pension Age Is 'unfair'

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When the current retirement age was introduced, average life expectancy was barely 65. Now that it's almost 80 (and still rising), people expect to retire early when actually they need to work longer. Where do they think the money comes from?

Anyway, Beveredge's concept of a universal pension was that it would prevent the old from freezing and starving, and given that pensioners enjoy satellite TV and Saga holidays no-one should be planning to rely only on the state for their retirement.

Old people talk about young people not appreciating how much better things are for them than the generation before: I accuse them of the same.

Anto.

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When the current retirement age was introduced, average life expectancy was barely 65. Now that it's almost 80 (and still rising), people expect to retire early when actually they need to work longer. Where do they think the money comes from?

Anyway, Beveredge's concept of a universal pension was that it would prevent the old from freezing and starving, and given that pensioners enjoy satellite TV and Saga holidays no-one should be planning to rely only on the state for their retirement.

Old people talk about young people not appreciating how much better things are for them than the generation before: I accuse them of the same.

Anto.

Which is exactly why retirement age should be put up now if it is to be put up, not delayed for the problem to get worse for my generation. Bloody Boomers! :angry: :angry: :angry: :angry:

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REality CHeCk..

Okay, we work 5% longer and the country need 5% more jobs..

10% longer and the country needs 10% more jobs..

and we are loosing jobs..

and we need to get paid more to afford our housing...

and we need to compete against the rest of the world for so many more jobs..

so needing to get paid more for our housing scuppers jobs and sends them abroad..

Which means we get paid less..

So that doesn't work..

and why again are house prices so expensive...?

Oh yes.. I remember..

No reason other then we are paying it.. (we not me)

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Trouble is, half the population over 50 is unemployed. So we have a situation where half the population works till they die to support the other half who is on the scrapheap. Perhaps if we could raise older-worker employment levels then everyone could retire at 60.

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Trouble is, half the population over 50 is unemployed. So we have a situation where half the population works till they die to support the other half who is on the scrapheap. Perhaps if we could raise older-worker employment levels then everyone could retire at 60.

But there is not the money for the people to retire earlier..

and there is not the employment for them not to..

We are living too long

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But there is not the money for the people to retire earlier..

and there is not the employment for them not to..

We are living too long

Well that's a matter of opinion. If some people are working into their late 60s whilst others are on the dole there is enough work around.

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Well that's a matter of opinion. If some people are working into their late 60s whilst others are on the dole there is enough work around.

Okay

There is a finite amount of jobs and people are doing them.

If we work longer there are still the same amount of jobs but they are held by fewer people.

to work longer you need more jobs

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I still don't see how it works.

most of todays youngsters have overdosed on KFC and won't live to see their pensions!!!

...the best route to take now is be tax-savvy and avoid paying as much as you can....within the law obviously.

the only way to deal with this is stop bank-rolling the operation.

Edited by oracle

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Quote APOM ''to work longer you need more jobs''

Entirely agree

You also need to be in good enough health

How many 65 plus year old people are still up to working 35/40 hours per week???

Most have high blood pressure, diabetes, back problems etc etc

How are employers going to cope with the likely sick time that these working pensioners are likely to have to take!!

The whole idea of working till you die is wrong especially when people have paid in tax and insurance for more than 35 years on a promise of retiring at 65 to find that this will not happen!!

Whilst I accept that some people may be fit enough to work part time past the age of 65 it should not be mandatory.

Why not pension all people at 65 (including the Public Sector) and allow youngsters aged 16-21 to take their jobs and forget University for most people who dont need to go there???

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Guest Charlie The Tramp

But there is not the money for the people to retire earlier..

and there is not the employment for them not to..

Not for those who planned their private retirement at 60 and started planning at 25 to realise it, and in no way are they looking for employment the heart flutters just thinking about.

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The whole idea of working till you die is wrong especially when people have paid in tax and insurance for more than 35 years on a promise of retiring at 65 to find that this will not happen!!

It would be nice to think that some kind of promise or contract exists but in fact it's completely imaginary.

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All the public fat cats will be retiring early. Why? Cause they'll expect the rest of us to pay for their pension no matter what it costs. Hypocrites

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I don't get it. The stats say the economy is 'growing' all the time, so surely we're getting richer and richer and richer and by the time we retire we'll all be loaded and can even choose to retire early and enjoy the bountiful fruits of the beautiful economic system. Else if it's not our wealth that's increasing then what is this 'growth' happening to? What is the economy going to grow into? What cause are we supplying our hard work to every day?

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Hi,

Working to an older age was addressed - in practicality terms - in the Kargil review committee report just a few years ago but doesn't receive much coverage on the point that, while longer working is desirable, it may not be practical. The uk is a very ageist society in comparision to mainland EU - workers over 50 in Britain find it far harder to secure work than other countries in the EU. We also have a propensity to bring in younger immigrant workers more readily anyway, so it is not altogether viable that those jobs may even exist.

Yes, their is some unfairness to the younger generations under this boom if it were not to bust (it will, I lived through two before, it feels no different this time). The real issue of unfairness, as I see it, (leave aside free health care, education fees, job security, company pensions, etc., that existed before) is that Tony and Gordon engineered a housing boom for votes but nothing much structurally, economically changed to finance it. Productivity didn't increase, we weren't running continual, massive trade surpluses, nothing at all really. Most of the growth and GDP of particularly the past five years was house price valuations growth, mortgage-equity withdrawal and credit cards and government spending. Your classic government induced inflation scenario. Now it has to be paid for by someone - Gordy hasn't told us his master plan to eliminate the debt and increasing housing, transport and productivity problems. I have a sneaky feeling that he may try to shoehorn the UK into a single currency entry at some time just before a massive devaluation of sterling to walk away from the debts, either way, the Bill at the moment is going to be picked up by HPI virgins until the slide more generally enters the national phsyche. I personally would tell him to bugger off and use your head.

Edited by boom_and_bust

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I don't get it. The stats say the economy is 'growing' all the time, so surely we're getting richer and richer and richer and by the time we retire we'll all be loaded and can even choose to retire early and enjoy the bountiful fruits of the beautiful economic system. Else if it's not our wealth that's increasing then what is this 'growth' happening to? What is the economy going to grow into? What cause are we supplying our hard work to every day?

cool.well rounded sarcastic response..

:)

At what point does spin become lies, at which point do lies become treason when used by a politician?

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Working to an older age was addressed - in practicality terms - in the Kargil review committee report just a few years ago but doesn't receive much coverage on the point that, while longer working is desirable, it may not be practical. The uk is a very ageist society in comparision to mainland EU - workers over 50 in Britain find it far harder to secure work than other countries in the EU. We also have a propensity to bring in younger immigrant workers more readily anyway, so it is not altogether viable that those jobs may even exist.

<sarcasm>

The government has of course addressed this. By making it too expensive for young people to go to university, only the oldies will have the required skills for anything other than McJobs when the retirement age is raised.

</sarcasm>

Billy Shears

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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