Tuesday, Feb 24, 2015

Triple-lock vote guarantee

Torygraph: Pensioners are now richer than the rest and we should celebrate that

What explains the catch-up of pensioners? Over the long run, the two big factors have been growing private pension entitlements and increases in state support. For the past 30 years, successive generations reaching retirement have tended to have bigger private pension pots than the last, helping to push up incomes in later life.
To a large extent, this is due to the rise of occupational pensions – which have been made substantially less generous for current workers.

Posted by sibley's b'stard child @ 10:54 AM (6209 views)
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20 Comments

1. i remember the 90`s said...

First its attack the disabled(those on DLA) now its lets go for pensioners (I am not in any camp)if the younger generation want to change things then vote like the pensioners do .

Tuesday, February 24, 2015 11:21AM Report Comment
 

2. Mqsp said...

Simply highlights the political dominance of the 'Boomer' demographic bulge. No group votes as a block nearly as cohesively as the boomers therefore over the last 30-40 years politics has pandered to their needs. All the rest of us can do is wait for this parasitic horde to die-off and try to pick up the pieces.

Tuesday, February 24, 2015 12:55PM Report Comment
 

3. khards said...

Money can't buy you health or youth and gloating at those unable to buy a property to house themselves and their family will only buy them so much happiness.
Anyway the oldies can always equity release/downsize when they run out of cash.

Tuesday, February 24, 2015 01:15PM Report Comment
 

4. Thecountofnowhere said...

Quel Surprise....people at top of pyramid scam feel richer than those scrambling around at the bottom.

Tuesday, February 24, 2015 01:51PM Report Comment
 

5. i remember the 90`s said...

A lot of pensioners don`t own their homes crikey you are one bitter dude.

Tuesday, February 24, 2015 02:09PM Report Comment
 

6. Kevin said...

In my opinion, I say good luck to the older generation who own there own home to live in !!, they have been through hard times over the years some even the 2nd world war, and if they have made provisions on taken out a private pension I say good luck to them, they can enjoy the remaining years ahead of them,

Wednesday, February 25, 2015 05:41AM Report Comment
 

7. khards said...

@3 - Maybe you right.

I should be happy for the generation who had everything stripping more wealth from the youth.

Go grandma go! More money for the NHS, free rail fares, double the winter fuel allowance, free shopping vouchers for Tesco, all paid for by taxing the youth and hiking up the price of accommodation.

Wednesday, February 25, 2015 07:37AM Report Comment
 

8. libertas said...

Except that much of it, already from taxed income, gets pilfered by inheritance tax that the super wealthy avoid completely with expensive tax advice the plebs cannot afford.

Wednesday, February 25, 2015 08:21AM Report Comment
 

9. libertas said...

Truly, the comment earlier of, if you want better treatment vote, is the truth. The benefits pensioners get are due to them voting more. If the youth voted we would not have tuition fees!!!!

People need to take responsibility .

Wednesday, February 25, 2015 08:23AM Report Comment
 

10. i remember the 90`s said...

@4 Its not the pensioners that stuffed the young (I have children who I fear for)its the government they just please those that vote to get elected change needs to start from the bottom .

Wednesday, February 25, 2015 08:31AM Report Comment
 

11. khards said...

The pensions voted in the Labour and conservative to line their own pockets, they didn't have to.

Wednesday, February 25, 2015 09:50AM Report Comment
 

12. libertas said...

Teenagers and the young 30 somethings could have voted in something else, but they couldn't be arsed.
Boo Hoo.

Just as with other generations, they will start voting once they are 40 and have something to lose. When they realise that Russell Brand's calls to not vote were probably a paid for trojan horse in an attempt to disenfranchise ALL new citizens henceforth, and bring in a dictatorship eventually, once everybody is apathetic and stoned out of their brains, aka Brave New World.

Wednesday, February 25, 2015 10:18AM Report Comment
 

13. clockslinger said...

I'm amazed (because I still, in the face of mounting evidence to the contrary, credit the some of those that post on this site with some critical thinking skills) at the manner in which so many are ready to equate "pensioner" with "wealthy". Yes, those with final salary pensions (career in police, local government etc) are ludicrously sheltered. However, I see far more old people struggling on disgustingly small incomes.
Why target this end of the age spectrum? What about free fertility treatment on the NHS, child benefit, free child care bribes pre-election. Which generation exhibited sufficient solidarity to prised all this from the hands of the rich anyway? Not the under sixties, for sure. They were too busy filling their boots with privatised public utilities and feeling rich.

My old man is seventy five and a half. He gets the state pension, nothing else. He is poor by anyones reckoning. He just also happens to have been an aikido teacher for thirty five years, so despite a zen-like exterior, best not upset him with your ageist opinions if you see him in your local lunch club.

Wednesday, February 25, 2015 10:18AM Report Comment
 

14. p. doff said...

@3 'you are one bitter dude'
Exactly! ...An example of how the internet can affect impressionable individuals. Even on this harmless site there is evidence of radicalisation ...in this case by bloggers talking one another into a pensioner hating frenzy. It's always somebody else's fault isn't it!
I'm appalled at some of the vitriolic comments and suggestions I've witnessed over the years. I used to think it was tongue in cheek, but now I'm not so sure.

Wednesday, February 25, 2015 10:47AM Report Comment
 

15. khards said...

@9 libertas - the combined voting power of the young under 30 somethings could never outvote the over 30's.
I clearly remember those who are now in their 60's coming up for 'early' retirement celebrating the house price boom ander Labour and voting them back in again. The under 30's were still at school and uni back then.

The oldies where more than happy to shaft the youth with house price inflation and final salary pensions that they're still paying out.

Wednesday, February 25, 2015 12:27PM Report Comment
 

16. letthemfall said...

@10
That's right. Blaming pensioners is as bad as blaming immigrants. Many are indeed poor. The targets of one's ire should be the very wealthy, many of whom are relatively young; it is their determination to preserve their economic power and advantage that is the fundamental problem.

Wednesday, February 25, 2015 12:50PM Report Comment
 

17. mombers said...

Considering that so much of pensioners income comes from welfare it is not something to celebrate. It is redistribution on a grand scale, and a lot of it is from some of the poorest working people to the wealthiest pensioners. There is no 'pot' of money to pay for their state pensions and NHS treatment so it's just like any other benefits. The idea of the system is that you pay for your generation's old people and the next generation pays for you but the sums do not add up and there is no way that today's workers will get anything near the welfare spending that they are having to fund now. I find it hard not to be bitter and wonder how I can teach my children to respect older people if they are taking so much of our family's income.

Wednesday, February 25, 2015 01:20PM Report Comment
 

18. i remember the 90`s said...

@14 its not down to older people it countless governments when those in their 70 and 80 were working (from the age of 15)there was no private pensions and you did pay in for your pension ,where now it pops up as a benefit ,which at a guess most of the country gets some sort of said benefit .And no matter what I would ALWAYS expect my children to resect the old.

Wednesday, February 25, 2015 02:22PM Report Comment
 

19. mombers said...

@15 - how exactly did the governments of people in their 70s and 80s get into power? People voted for them without considering the consequences. It's deeply unfair for the burden of these reckless promises to be born entirely by the current working population. Everyone who has the means should chip in to right the wrong, but especially those responsible for it. My children, my wife and I cannot possibly be blamed for the £5tn state pensions black hole, it makes me very angry that I can't give my family the very best that I can because I have to surrender so much of our income to people who really should be taking care of themselves before falling onto the state.
BTW, if people had paid in to a pension as you suggest, there would be a segregated pot of money that matches the promised payments and there would be no question of backtracking on promises as will surely happen when I come to collect my state pension. The NI contributions of the Baby Boomers are all gone, there is nothing left. My NI contributions are gone, I do not realistically expect to get anything decent when my time comes in 33 years...

Wednesday, February 25, 2015 03:26PM Report Comment
 

20. enuii said...

@13, completely agree. Mother in law is also 75, only has state pension after financially illiterate husband (died just before he clocked 65) left her with nothing. We are now basically subsidising her day to day living expenses whilst also subsidising our three offspring between 19 and 24, one at 'uni' the other two back home and earing wages that are almost exploitative. I personally can see many many more people who are currently 50 years or so and younger ending up in the same position. Old age in this country outside the privilidged few (the 10% or so with decent retirement provision) will increasingly be this way especially for those who do not own somewhere to live outright by the time they are forced to retire. Where I work there are quite a few 70 year olds wo have to work basically because they would be bankrupt if they retire.
Delaying finding a permanent home, starting a family and making some for of regular pension provision is a ticking timebomb that will come back and bite people big style by the time they are over 60.
My parents were born in 1939 and 1942 and had nothing as children and as an early cohort of GenX I was shafted by both the 90s HPC and a Low-Cost endowment. The one thing I look forward to is paying of the mortgage to get the man off my back but thanks to the first two events and the unpaying lodgers I will be 65 before this happens, just think one way or another I will have inadvertantly had a 40 year mortgage.
The UK is a financial disaster and the one decent thing I would wish wish for is that everyone who is part of 'the system' should have a decent financially stable retirement before they kick the bucket having lined the pockets of the parasites above them.
Once people realise that they have been effectively farmed all their working lives with no prospect of being put out to pasture for a few years before the nacker man gets them hopefully this will change but I don't hold out much hope as most people are literally incapable of such analysis.

Wednesday, February 25, 2015 11:26PM Report Comment
 

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