Why Are Younger People Against The Triple Lock

coluka

coluka

Well-known member
Firstly I am not a pensioner, so am not entitled to Retirement Pension.

Any % increase today clearly benefits those pensioners coming down the line in the future, any reduction now works against those coming down the line in the future, it just seems short term thinking to me. I’ll bet peoples views change as they age 🤷‍♂️

Thoughts?
 
coluka said:
Firstly I am not a pensioner, so am not entitled to Retirement Pension.

Any % increase today clearly benefits those pensioners coming down the line in the future, any reduction now works against those coming down the line in the future, it just seems short term thinking to me. I’ll bet peoples views change as they age 🤷‍♂️

Thoughts?
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Maybe because it's that cohort that voted for Brexit in large numbers and damaged the earning potential of two or three generations whilst the boomer pensioners maintain their level of earnings?

Or maybe it's because it's obviously a cynical attempt to capture the grey vote at the expense of the younger generations?

I have no form opinion on this and in the main think we should look after everyone in society, but if they can't find inflation matching pay for nurses, drs ect why should pensioners is a genuine argument and grievance is a genuine and legitimate stance to take for me.

I suppose what I'm saying is it's a cynical vote grab and people can see through it.
 
I make this point whenever it comes up but if you take away the triple lock the pensioners of today don't really lose out. The loss comes from those that pick up their pension in 10, 20, 30+ years that miss out on decades of compounding.

However, the reason people are against it is that they are the only ones getting it and it's clearly a cynical vote grab to a cohort of voters who have already had every benefit possible and then voted to pull up the ladder behind them. They've already had cheap houses, massive house price rises, free university etc and then voted for those things being taken away but now they are the only ones being looked after.
 
First thing I thought of, shameful b***ds are trying to secure pensioners votes.
I think it’s great, giving money to those who probably have enough already. Not all of em, before some get on their high horses.
It’s just an observation that pensioners are a lot better off than they seemed to be when I was a kid.
 
Nano said:
I make this point whenever it comes up but if you take away the triple lock the pensioners of today don't really lose out. The loss comes from those that pick up their pension in 10, 20, 30+ years that miss out on decades of compounding.

However, the reason people are against it is that they are the only ones getting it and it's clearly a cynical vote grab to a cohort of voters who have already had every benefit possible and then voted to pull up the ladder behind them. They've already had cheap houses, massive house price rises, free university etc and then voted for those things being taken away but now they are the only ones being looked after.
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In this country we had the two generations that fought in the world wars, created the NHS. Previous to that men and women fought tooth and nail for universal suffrage.
At some point building for the future became something that nobody considered. We had a couple of generations who simply tore the **** out of everything.
My old man is a lovely bloke but I’m fast approaching the age when he retired and cannot see anything other than at least 25 years of work ahead of me.
Successive generations will be worse off again. How can this be?
It’s partly because you have thick cvnts voting for the same scum that had been crushing the working class for eons.
 
NoloBoro said:
In this country we had the two generations that fought in the world wars, created the NHS. Previous to that men and women fought tooth and nail for universal suffrage.
At some point building for the future became something that nobody considered. We had a couple of generations who simply tore the **** out of everything.
My old man is a lovely bloke but I’m fast approaching the age when he retired and cannot see anything other than at least 25 years of work ahead of me.
Successive generations will be worse off again. How can this be?
It’s partly because you have thick cvnts voting for the same scum that had been crushing the working class for eons.
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Yet people are wanting to have the triple lock stopped. So jealous of people who get it now they would be happy to stop the one thing that could ensure they and their family will be able to live a
decent life in the future.
What's that saying about turkeys and Christmas.
 
Blf said:
Yet people are wanting to have the triple lock stopped. So jealous of people who get it now they would be happy to stop the one thing that could ensure they and their family will be able to live a
decent life in the future.
What's that saying about turkeys and Christmas.
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It’s not that mate. It’s just a case of a lot of people have had turkey for a while, soon when they’re all gone, the others will have to eat haslet.
I know I’ve twisted the metaphor you’re using l don’t want anyone to be worse off, I just think some in society have had a decent run, yet I still hear them saying people should cut their cloth to suit and all that baloney (another cheap meat reference)
You must see the point I’m making?
It’s all interlinked, look at property ownership as an example, it’s getting increasingly hard for younger people to afford something that was once seen as commonplace and almost a right.
Standards of living are actually deteriorating, but some seem to be insulated, yes we all feel the pinch with food, energy prices etc.
but this image of poor pensioners winds me up a bit.
On the news I saw some silly old cvnt whooping and cheering because interest rates had gone up, ffs.
I’m sorry but the generation preceding mine have got to be among the most selfish people I know. Good eggs among them of course but on the whole.
It isn’t really all about money either, I recall being at my nannas quite a bit, yet I paid a fortune in child minders fees, I’m not alone in that either.
 
Blimey that last paragraph hints at some deep seated family resentment.😐

I'm a year away from my state pension (so you can guarantee the triple lock will be going....or I'll pop my clogs😊) but I don't think the TL is right. That said I think pension increases should simply be CPI with no back stop and possibly capped as should all benefit increases.
Perhaps if we got rid of the TL we could stop increasing the state pension age.

We are repeatedly told, by mainly those on the right, that we are living in a dream world if we think we can carry on with the welfare state/public services we have taken for granted in the past. There's a reason for that, in 1970 the basic rate of income tax was 41.25%. When I started work it was 33%. Perhaps it's not so selfish for working people from that era to want some of their fecking money back.
 
A lot of younger people likely feel they will never see a pension. They've been screwed at one end of the system and expect it at the other.

I dread to see the state of some people who will be trying to keep working as they hits their 70s as the age drifts. A lot of people will struggle to have the physical capacity to work.

It would be useful to focus on triple locking wages and benefits for all but the media will split and divide and we need to question where the narrative comes from.
 
Cambsred said:
A lot of younger people likely feel they will never see a pension. They've been screwed at one end of the system and expect it at the other.
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Is probably the right answer to the exam question.

If you're under 50, retirement feels a long way off. And as has always been the case, but has been made particularly evident under the last 12 years of Tory rule, whatever rights, freedoms or protections we have today can be stripped away by the government of the day if they have a mind to.

A triple lock on pensions today means **** all to people 20 years or more away from retirement. There's no guarantee it'll be in place if and when they get there and bitter experience tells them it probably won't be.
 
The triple lock was brought in to try and gradually but permanently lift pensioners out of poverty. Other benefits, such as free TV licences and winter fuel payments attempt to do the same. True, if you're stacked with private pensions and have a healthy property portfolio you don't really need a few quid a month extra on your state pension. But it's the wrong target for young people sold down the river by governments. What's needed is to tax dividends, capital gains, second homes etc.

It's another case of divide and rule by the Tory-inflected media discourse that carries the underlying message: social democratic solutions to poverty and inequality are unaffordable. No. There has been a systematic and ongoing wealth transfer away from wage earners and non-homeowners in favour of wealthy asset holders.

Remember: if you are living on the state pension and nothing else, the triple lock won't even have covered the food and energy inflation of the past year or two. Food, the main thing these pensioners buy, has gone up much much more than the base rate of inflation.
 
coluka said:
Firstly I am not a pensioner, so am not entitled to Retirement Pension.

Any % increase today clearly benefits those pensioners coming down the line in the future, any reduction now works against those coming down the line in the future, it just seems short term thinking to me. I’ll bet peoples views change as they age 🤷‍♂️

Thoughts?
Click to expand...
Have you got children yourself? There is a gen z attitude to the baby boomers that is very interesting and ruled by influences they read and hear. It is focussed on the fact that baby boomers have had a very easy time with going to uni and college on generous state grants, enjoyed significant house price inflation and it partly stems from there.
 
Uhtred said:
The vast majority of so called boomers, didn't go to college and uni on generous state grants, we left school on the Friday and started work on the Monday, we are a generation of grafters with a solid work ethic , paid into the system from the start ,and now deserve a little bit back
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Cardiffdaffs said:
Have you got children yourself? There is a gen z attitude to the baby boomers that is very interesting and ruled by influences they read and hear. It is focussed on the fact that baby boomers have had a very easy time with going to uni and college on generous state grants, enjoyed significant house price inflation and it partly stems from there.
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I think the reality sits in these two very different accounts. I've paid my stamp versus- I haven't been given any support and the system is stacked against me. Neither party have actively sort to be in this position, both are screwed by those in a better position.

Everyone has a view point, it's making sure you're aware of others, not just your own. This is what I see as a real issue.
 
Was talking about his last Christmas to a group of retirees in Goa. According to them they worked very hard and deserved what they had. I pointed out that some of them enjoyed free Higher Education, final salary pensions, a higher state pension than previous generations amongst many other benefits, such as lower taxes and secure employment. I also pointed out some of the disadvantages many young people are currently facing. Not one of them gave a toss and mostly had voted Tory. They simply couldn’t see the problem, as they looked online to see which cruise they should go on in the Summer. I suggested means-testing the SP, so that poorer pensioners could get more and got exactly the reaction I expected.
 
The statistics look bad: state pension has increased by 60% in ,13 years outstripping the rise in prices by 18%.

Many pensioners are getting more that they thought they would during their working lives, and many are doing very well.

This sits badly with a lot of the country when so many other publicly funded services are struggling.

HOWEVER, mean incomes and headline figures can disguise the fact than a substantial minority of pensioners still live in poverty.

So, the question surely needs to be, is there a way of improving the income of those individuals without simultaneously giving much needed public funds to well off pensioners who don't need it?
 
NoloBoro said:
It’s not that mate. It’s just a case of a lot of people have had turkey for a while, soon when they’re all gone, the others will have to eat haslet.
I know I’ve twisted the metaphor you’re using l don’t want anyone to be worse off, I just think some in society have had a decent run, yet I still hear them saying people should cut their cloth to suit and all that baloney (another cheap meat reference)
You must see the point I’m making?
It’s all interlinked, look at property ownership as an example, it’s getting increasingly hard for younger people to afford something that was once seen as commonplace and almost a right.
Standards of living are actually deteriorating, but some seem to be insulated, yes we all feel the pinch with food, energy prices etc.
but this image of poor pensioners winds me up a bit.
On the news I saw some silly old cvnt whooping and cheering because interest rates had gone up, ffs.
I’m sorry but the generation preceding mine have got to be among the most selfish people I know. Good eggs among them of course but on the whole.
It isn’t really all about money either, I recall being at my nannas quite a bit, yet I paid a fortune in child minders fees, I’m not alone in that either.
Click to expand...
‘Whooping and cheering because interest rates had gone up’.

I saw that and it was one of the worst bits of human behaviour I have ever seen, the old bloke was a complete and utter selfish tool.
 
coluka said:
Firstly I am not a pensioner, so am not entitled to Retirement Pension.

Any % increase today clearly benefits those pensioners coming down the line in the future, any reduction now works against those coming down the line in the future, it just seems short term thinking to me. I’ll bet peoples views change as they age 🤷‍♂️

Thoughts?
Click to expand...
Is there any evidence young people are against it?
 
Mine is due to start in around 5 months - and I’m against it.

It is grossly unfair for people like me to benefit from a triple lock (I won’t be taking it for the first year, there is no point).

Getting people out of poverty and providing for those who need it later in life is a big discussion. It gets cut down into sound bites like triple lock which as IDS (imagine that!!!) has said is a train that is running out of control and serves political purposes only.
 
I would have thought young people wouldn't give a toss about the pension triple lock, and a lot of them wouldnt even have a clue what it is.

Do agree with means testing pensions. As rightly pointed out there are a load of retired people rolling in it and certainly don't need the state pension. However, a lot do.

And as for the pension increases ...... aren't we one of the worst countries in Europe for state pensions? So increasing them just so a lot of pensioners can get by is definitely fine by me.
 
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