MontyVeda
a short-tempered ill-controlled small-minded troll
- Location
- Lancaster... the little city.
i know!
The Retirement Thread
- Thread starter Dirk
- Start date
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i know!
numbnuts
Squire
- Location
- Gone over the hill and far away
State pension won't exist in twenty years time, just too many people claiming benefit, the whole system will just collapse.
Issue might be as people live longer they of course receive state pension for longer. There will come a time when those in work contributing to National Insurance won't be enough to pay sufficient amount for those claiming.
I'm not an economist but I believe this is the case. Happy to be corrected if wrong.
Drago
Legendary Member
- Location
- Suburban Poshshire
Although average life expectancy has been shown to be declining slightly over recent years.
Mo1959
Legendary Member
- Location
- Perthshire,Scotland
In saying that, the age of people popping off has actually started to get lower. No doubt the effect of our ever increasing obesity trend.
Mo1959
Legendary Member
- Location
- Perthshire,Scotland
Just beat me to it. Yes, as a nation we seem to be becoming unhealthier. Too much ultra-processed crap in the supermarkets, and sadly it’s mostly quite cheap so the less well off can’t really be blamed for purchasing it.
Maybe but also with increased automation and prediction of AI making the need for humans to do a lot of the work reducing then number in workforce is also predicted to drop.
Again, the caveat of this is all predictions which cannot as yet be verified.
A lot of info here if anyone interested :
https://ifs.org.uk/publications/future-state-pension
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PaulSB
Squire
- Location
- Chorley, Lancashire
I wouldn't be surprised if this happened. I've pressed my kids several times over pensions but I doubt they've taken any notice. My basic message is don't look at your Mum and Dad and imagine you'll be in the same position. Mrs P has the state pension and NHS pension, I have my state pension plus a private pension I don't access. We own our house and have savings. We are though far from wealthy, just fortunate and comfy.
Basically I tell them if you want a similar situation at 60 start planning now because no one else is going to look out for you.
I believe we've lived as a golden generation, the like of which we will not see again.
PaulSB
Squire
- Location
- Chorley, Lancashire
Well. Paul cannot get motivated today. He has done a lot of small stuff plus tidied but in truth could have done more. The problem is he keeps sitting down and reading CC.
Next I will dust. I'll probably sit down again before hovering. This isn't good.
Next I will dust. I'll probably sit down again before hovering. This isn't good.
numbnuts
Squire
- Location
- Gone over the hill and far away
Todays lunch was mushroom omelette chips and peas,
when I made the omelette I realised I hadn't put the chips on
so just had mushroom omelette and peas..........
when I made the omelette I realised I hadn't put the chips on
so just had mushroom omelette and peas..........
mistyoptic
Vintage
- Location
- A parallel reality
classic33
Leg End Member
Meditating again?
PaulSB
Squire
- Location
- Chorley, Lancashire
Procrastinating
classic33
Leg End Member
It were the hovering that threw me.
