I’m not listening to any bleating about ‘cost of living’ or inflation from anyone who wanted endless lockdown, furlough schemes and all rest of the idiotic shite that was done and vast billions of pounds printed up for.
Alive-Turnip-3145 on
Elderly always desperate to make themselves out as the victims. The boomer generation is the wealthiest all of generations in the UK. About 1/3 are millionaires and median has about £600k in assets. Even at the bottom, the rates of poverty amongst the elderly is about half of that of children.
If the Elderly is truly upset about poverty – they should pay NI on pension payments and end the tax free lump sum. Then use the money to help those at the bottom.
vaguelypurple on
Well maybe they should have been better with their money and cut down on those netflix subscriptions and avocado toast
birdinthebush74 on
Total Pensioner Benefit Govt Spending**:** Forecast to be approximately £166 billion in 2024/25.
08148694 on
This problem will only get worse as cost of living means working age people won’t be able to save for retirement so will be more dependent on the state pension, and a falling birth rate means an ever increasing number of pensions relying on an ever decreasing number of workers paying tax
We must grow the economy and we must either massively increase birth rates or increase skilled migration to avoid this doom spiral
Unfortunately increasing migration will lead to cultural erosion and is deeply unpopular with the conservative right
Increasing birth rates will lead to a resurgence of traditional nuclear families, gender roles, and inevitable increase in gender wage gap, which is unacceptable to the liberal left
I don’t really see a way out beyond a technological miracle of automation and robotics, but that will have its own profound struggles around work and inequality
IrrelevantPiglet on
> It means almost half of the 533 pensioners polled have been forced to cut back on hobbies and entertainment, while nearly a quarter say they can rarely ever afford the non-essentials that ‘make life enjoyable’.
So.. the same as every other age demographic then? Not sure why LBC felt the need to focus on one particular age group for this study.
TruthHertz93 on
What the actual f*ck is with the comments.
Look up how many old people are dying each year from the cold.
The answer isn’t to blame them just cuz the majority of their age group vote stupid.
It’s to wake people up, show them how this system is rotten and show them a better way is possible.
Labour, reform, conservative and greens have all shown they cannot fix this system, best they can do is give us a few benefits that will be taken away a few years from now.
The Zapatistas, CNT in Catalonia and Rojava have shown us a better way is possible!
ElCaminoInTheWest on
‘It means almost half of the 533 pensioners polled have been forced to cut back on hobbies and entertainment’
Same, lads. Same.
ApplicationCreepy987 on
But weren’t we told in summer all pensioners are rich on super pension schemes
Inside_Tour_1408 on
Maybe they should pull themselves up by the bootstraps
generichandel on
Ah we’ve gone from “it’s too hot and all the grannies are dying” season to “it’s too cold and all the grannies are dying” season.
I_ALWAYS_UPVOTE_CATS on
ITT: redditors unable to fathom that the elderly people struggling with money are not the same elderly people as the ones who use their WFA to go on holiday.
jameshgordy on
The government needs to introduce an incentive or scheme for the elderly to downsize. No tax or a pension increase if selling property over 65 for single home owners or something.
Mass sale of family homes for families to actually buy will lower house prices and rents (which could be offset by a government incentive) which frees up spending money, which stimulates the economy and takes pressure of wages – as well as deter foreign “investment” in buying our housing stock.
This would solve so many problems in the UK AND align with the government/treasury’s own growth goals without compromising the stupid relentless alignment with the failed Neoliberalism experiment.
While I have sympathy for anyone struggling, as someone under 40, it’s a feeling of “Welcome to the club” rather than anything pro-active. It’s not like wages had a lock protection or our the government has invested in our assets in the same they’ve thrown billions at home upgrades in the last 15 years through solar panels, heat pumps etc, while children have been wilfully thrown into active poverty with only footballers to protect their basic needs.
technurse on
This is the generation who had significantly more support, a stronger economy and has a much higher proportion of paid off home owners.
This is the start of the downhill ski slope.
MetalChaotic on
If property rich people downsized as much as possible, they’d have enough money to keep warm and do hobbies and stuff. But what if they are already as far downsized as possible? then they need help.
Also don’t forget, some of these elderly people will be leaving their wealth to younger people, so don’t wish their money away or you won’t get so much.
UKAOKyay on
Reality check a pensioner who is 67 now would have been 42 in the year 2000 and would have gone through austerity, high mortgage rates and several financial crisis during their peak earning years and it’s only going to get worse.
AdrianFish on
Try as you might, I simply can’t muster any sympathy for the generation that benefited from an economy running on easy mode
evolveandprosper on
“Meanwhile, one in five 5 use their hard-earned savings to cover everyday expenses.” I though that a major rationale for saving is to offset reduced income in old age. Why shouldn’t older people spend some of their savings on everyday expenses? I am not denying the reality of poverty for some elderly people but I baulk at the suggestion that their “savings” should be sacrosanct.
jtrimm98 on
The inequality (cost of living) crisis is really what the government should be focusing on but they keep wasting money and effort on small boats!
wkavinsky on
Millions of non-elderly brits having to skip days with food just to make ends meet – without being given £200+ a week from the government.
Yes, some elderly people have failed to plan properly for retirement, not, this isn’t a bigger issue than working people **starving** to pay rent and bills.
VillageHorse on
State pension is £1k a month and assuming you get pension credit you also get winter fuel, warm home discount, free travel, free TV licence, council tax discount, and discounted dental and glasses costs. You also pay no mortgage.
The image is that old people are sat in some bleak shack on top of a hill while the wind howls around them, nothing but an agar for warmth and their only blanket is ancient and has holes. The flickering lightbulb they use to do the crossword cuts out so they rummage in their purse through a few coins, eventually finding enough to slot into the meter after which the light bulb coughs its way back on. “Four down, in need of help, 2 letters….hmmm… *ME*” they say to themselves, while their dog yelps. Outside the wind howls on. But if they listen carefully, putting their overgrown head on the back of the moth-shared armchair they also use as a bed, in the distance they can hear the soft growl of the millennials in their Lamborghinis. Maybe one of them will stop by.
mattcannon2 on
Is it my fault they didn’t plan for retirement like I have had to?
23 commenti
[deleted]
I’m not listening to any bleating about ‘cost of living’ or inflation from anyone who wanted endless lockdown, furlough schemes and all rest of the idiotic shite that was done and vast billions of pounds printed up for.
Elderly always desperate to make themselves out as the victims. The boomer generation is the wealthiest all of generations in the UK. About 1/3 are millionaires and median has about £600k in assets. Even at the bottom, the rates of poverty amongst the elderly is about half of that of children.
If the Elderly is truly upset about poverty – they should pay NI on pension payments and end the tax free lump sum. Then use the money to help those at the bottom.
Well maybe they should have been better with their money and cut down on those netflix subscriptions and avocado toast
Total Pensioner Benefit Govt Spending**:** Forecast to be approximately £166 billion in 2024/25.
This problem will only get worse as cost of living means working age people won’t be able to save for retirement so will be more dependent on the state pension, and a falling birth rate means an ever increasing number of pensions relying on an ever decreasing number of workers paying tax
We must grow the economy and we must either massively increase birth rates or increase skilled migration to avoid this doom spiral
Unfortunately increasing migration will lead to cultural erosion and is deeply unpopular with the conservative right
Increasing birth rates will lead to a resurgence of traditional nuclear families, gender roles, and inevitable increase in gender wage gap, which is unacceptable to the liberal left
I don’t really see a way out beyond a technological miracle of automation and robotics, but that will have its own profound struggles around work and inequality
> It means almost half of the 533 pensioners polled have been forced to cut back on hobbies and entertainment, while nearly a quarter say they can rarely ever afford the non-essentials that ‘make life enjoyable’.
So.. the same as every other age demographic then? Not sure why LBC felt the need to focus on one particular age group for this study.
What the actual f*ck is with the comments.
Look up how many old people are dying each year from the cold.
The answer isn’t to blame them just cuz the majority of their age group vote stupid.
It’s to wake people up, show them how this system is rotten and show them a better way is possible.
Organise, fight back!
Join the IWA https://www.iwa-ait.org/content/addresses
Labour, reform, conservative and greens have all shown they cannot fix this system, best they can do is give us a few benefits that will be taken away a few years from now.
The Zapatistas, CNT in Catalonia and Rojava have shown us a better way is possible!
‘It means almost half of the 533 pensioners polled have been forced to cut back on hobbies and entertainment’
Same, lads. Same.
But weren’t we told in summer all pensioners are rich on super pension schemes
Maybe they should pull themselves up by the bootstraps
Ah we’ve gone from “it’s too hot and all the grannies are dying” season to “it’s too cold and all the grannies are dying” season.
ITT: redditors unable to fathom that the elderly people struggling with money are not the same elderly people as the ones who use their WFA to go on holiday.
The government needs to introduce an incentive or scheme for the elderly to downsize. No tax or a pension increase if selling property over 65 for single home owners or something.
Mass sale of family homes for families to actually buy will lower house prices and rents (which could be offset by a government incentive) which frees up spending money, which stimulates the economy and takes pressure of wages – as well as deter foreign “investment” in buying our housing stock.
This would solve so many problems in the UK AND align with the government/treasury’s own growth goals without compromising the stupid relentless alignment with the failed Neoliberalism experiment.
While I have sympathy for anyone struggling, as someone under 40, it’s a feeling of “Welcome to the club” rather than anything pro-active. It’s not like wages had a lock protection or our the government has invested in our assets in the same they’ve thrown billions at home upgrades in the last 15 years through solar panels, heat pumps etc, while children have been wilfully thrown into active poverty with only footballers to protect their basic needs.
This is the generation who had significantly more support, a stronger economy and has a much higher proportion of paid off home owners.
This is the start of the downhill ski slope.
If property rich people downsized as much as possible, they’d have enough money to keep warm and do hobbies and stuff. But what if they are already as far downsized as possible? then they need help.
Also don’t forget, some of these elderly people will be leaving their wealth to younger people, so don’t wish their money away or you won’t get so much.
Reality check a pensioner who is 67 now would have been 42 in the year 2000 and would have gone through austerity, high mortgage rates and several financial crisis during their peak earning years and it’s only going to get worse.
Try as you might, I simply can’t muster any sympathy for the generation that benefited from an economy running on easy mode
“Meanwhile, one in five 5 use their hard-earned savings to cover everyday expenses.” I though that a major rationale for saving is to offset reduced income in old age. Why shouldn’t older people spend some of their savings on everyday expenses? I am not denying the reality of poverty for some elderly people but I baulk at the suggestion that their “savings” should be sacrosanct.
The inequality (cost of living) crisis is really what the government should be focusing on but they keep wasting money and effort on small boats!
Millions of non-elderly brits having to skip days with food just to make ends meet – without being given £200+ a week from the government.
Yes, some elderly people have failed to plan properly for retirement, not, this isn’t a bigger issue than working people **starving** to pay rent and bills.
State pension is £1k a month and assuming you get pension credit you also get winter fuel, warm home discount, free travel, free TV licence, council tax discount, and discounted dental and glasses costs. You also pay no mortgage.
The image is that old people are sat in some bleak shack on top of a hill while the wind howls around them, nothing but an agar for warmth and their only blanket is ancient and has holes. The flickering lightbulb they use to do the crossword cuts out so they rummage in their purse through a few coins, eventually finding enough to slot into the meter after which the light bulb coughs its way back on. “Four down, in need of help, 2 letters….hmmm… *ME*” they say to themselves, while their dog yelps. Outside the wind howls on. But if they listen carefully, putting their overgrown head on the back of the moth-shared armchair they also use as a bed, in the distance they can hear the soft growl of the millennials in their Lamborghinis. Maybe one of them will stop by.
Is it my fault they didn’t plan for retirement like I have had to?