Triple lock on pensions dumped now

ThatFragranceGuy said:
My uncle has lived in Thailand for the last 40 years and still posts anti labour rhetoric for letting load of foreigners in and touts Brexit as the best thing ever. Couldn't make it up. Probably visited here 15 times max in that time. If he could vote it would be Tory I am sure.
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I know a couple of people like that. they don't get the Irony of it....:)
 
Abel Tasman said:
I would have thought with where house values are these days it isnt at all a surprising statistic. Two pensioners with a house priced at £500k both with pension funds value of £250,000 makes them a “millionaire” in those 1 in 5 statistics statistics. A millionaire is a very emotive tag.
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Wooo Hoooo

I'm a millionaire 👍
 
ThatFragranceGuy said:
fullfact.org

Golden oldies: Are one in five pensioners millionaires? - Full Fact

A quarter of over 65s live in households with wealth above a million pounds.
fullfact.org fullfact.org
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So it's quite clear that those figures do not show that "1 in 5 pensioners are millionaires."

It shows that 1 in 5 pensioners live in a household where the combined assets of all the people who live in the house (including the value of the property itself, and the value of their pension funds) come to a million pounds of more.

Unless the person lives in the house by themselves, that does not make them a millionaire - at least not in the sense that most people understand it.
 
Abel Tasman said:
I would have thought with where house values are these days it isnt at all a surprising statistic. Two pensioners with a house priced at £500k both with pension funds value of £250,000 makes them a “millionaire” in those 1 in 5 statistics statistics. A millionaire is a very emotive tag.
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Surely if there's two of them then that's assets of half a million each so neither are millionaires?
 
NoloBoro said:
Ok, comparing how pensioners fare in this country as opposed to other European countries isn’t as straightforward as you suggest, there are scores of variables.
So.. if the triple lock stays the pensioners will be £80 a month better off, how many others, people working, people in receipt of disability allowance, universal credit will receive such an uplift in their income?
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The solution to that is not have a government that punishes older people, rather to have a government that improves things for all generations.
Don't forget, these cuts are all part of the plan to recoup all the revenue that has been stolen from the public coffers and squirrelled away in offshore accounts.
 
jam69 said:
But that's not distorting that's making stuff up, neither are millionaires
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Well yes, but I'm not sure who you are saying has made it up. The analysis of the claim by fullfact.org that was posted does not state that 1 in 5 pensioners are millionaires (in fact it more or less debunks that claim).

There appear to have been several articles that have mischaracterized it that way, including the Sunday Times and the Financial Times and that mischaracterization was then repeated by @thewanderer.
 
dooderooni said:
The solution to that is not have a government that punishes older people, rather to have a government that improves things for all generations.
Don't forget, these cuts are all part of the plan to recoup all the revenue that has been stolen from the public coffers and squirrelled away in offshore accounts.
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I know that, you’re misunderstanding what I’m saying. Nobody despises the robber barons more than I believe me.
 
See the Express are running with this is "threatening millions with the breadline" (which is utter bollox in itself and simply not true), but what about the significantly higher number who rely on child support and other benefits? Why don't their benefits go up by the highest of inflation, average earnings or simply 2.5% (even when inflation was zero and negative) to prevent "threatening them with the breadline"?

Let's not hear BS about how people paid in, because they haven't, what people pay into a state pension is minuscule, it's a benefit just like the benefits pensioners rant about.

As the OAPs sound off about how Millenials should cut back on avocado on toast to save for a deposit on a house, they should have been putting money into a private pension, not relying on the government to give them handouts.
 
InglebyUTB said:
See the Express are running with this is "threatening millions with the breadline" (which is utter bollox in itself and simply not true), but what about the significantly higher number who rely on child support and other benefits? Why don't their benefits go up by the highest of inflation, average earnings or simply 2.5% (even when inflation was zero and negative) to prevent "threatening them with the breadline"?

Let's not hear BS about how people paid in, because they haven't, what people pay into a state pension is minuscule, it's a benefit just like the benefits pensioners rant about.

As the OAPs sound off about how Millenials should cut back on avocado on toast to save for a deposit on a house, they should have been putting money into a private pension, not relying on the government to give them handouts.
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Don't forget their big TVs either :D
 
dooderooni said:
The solution to that is not have a government that punishes older people, rather to have a government that improves things for all generations.
Don't forget, these cuts are all part of the plan to recoup all the revenue that has been stolen from the public coffers and squirrelled away in offshore accounts.
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How about pensioners not voting for a government that punishes other age groups? If this policy genuinely makes us all in this together then maybe we wont get this:
1666176311572.png
 
Dybuk said:
How about pensioners not voting for a government that punishes other age groups? If this policy genuinely makes us all in this together then maybe we wont get this:
View attachment 46073
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I can't account for people's voting habits can I?
What I said holds true though, a socialist vote is more likely to benefit all generations. It's sad it's taken so long for the penny to drop regarding the Tory party.
 
dooderooni said:
I can't account for people's voting habits can I?
What I said holds true though, a socialist vote is more likely to benefit all generations. It's sad it's taken so long for the penny to drop regarding the Tory party.
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Has it dropped for the older generation though? This is anecdotal, but the oldies in my mams road are still bought in to the mail and express xenophobia. They still think boris was amazing. I think they need the tripple lock to go before they'll give 2 hoots about how hard it is for the current young generation.
As I say, anecdotal, but in my experience they are very very self centered.
 
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