45% of working age people not saving toward a pension at all

There is nothing good to be said about them.

Not content with out earning their parents and stealing all the council housing for a lower than market price (right to buy), selling council housing to private landlords, preventing new housing being built and buying investment properties for their own greed, they now have forced the government to subsidise them as by far the richest demographic in the country through triple lock (BTW, when the news talks about rising welfare bill, this is the vast majority of it) at the expense of everyone else, most of all young people thru student loan interest another con. I really hope enough young people leave the country to teach them a lesson. For many it will be the only way to avoid poverty. I (35) will never see state pension. Of course young people are to blame as well for not voting. Vicious boomers + apathetic, useless milennials = social collapse.

They're collapsing society thru their greed as nobody affording a house = nobody having children.

It's a shame COVID killed all the old people born before the war, who were miles better; knew the value of duty, sacrifice, and working on behalf of others.

Although from what I hear statistically, the boomers don't take care of their health very well, and are actually dying sooner than the prewar born generations. Maybe once their assets pass thru inheritance that will be many people's retirement plans?

For the record before ppl come at me this is about groups not individuals. My parents are boomers and I love them to bits and I love many boomers in my life... But the collective political behaviour of that group is one of a vicious, selfish, spoiled teenager who's never been told no.

We? It’s only been you making personal attacks on people as far as I have seen.

Yet you continue to post about a SINGLE POST.

Clearly you do if you feel the need to make personal comments accusing me of being “psychotic” rather than engaging with any of the economic data I’ve posted.

I have no idea who you are but you making this weird comment about me and then apparently claiming another poster is mentally unwell as well perhaps indicates a little projection going on given that this isn’t normal behaviour in a conversation about economic policies, but I’m not a medical professional and even if I was I wouldn’t be presuming I could diagnose strangers I’d never met with medical issues.

It all seems rather bizarre behaviour to be honest and has nothing to do with the thread topic.

I thoght we were going to stop the personal attacks?

That needs some context. 45% of adults are not saving into a pension, but that includes the unemployed and self-employed. I think the figure for auto-enrolled employed people is substantially higher - something like 90%.

No, not just you. Allegedly I’m “psychotic”. This poster handing out diagnoses to strangers they haven’t even met is yet to inform us all of their medical credentials.

My children too, although they are both paying into work pensions and both have that moneybox thing.

The next 20 years will see the biggest inter generational transfer of wealth ever. There are going to be some very wealthy younger people.

My grandparents would be absolutely horrified to see what their children have done without an ounce of remorse in them.

You see I actually didn’t
I said that you need to make provision for yourself and if you fail to do so you need to work until you die. There are fates far worse than working till you die.
Like working your whole life and having fuck all to show for it which is what our children are facing

Why do you all keep going on about boomers?

Aye, sorry about that but you did post we should all work until we die!

They have literally ruined it for everybody

I'm not surprised. Young people have no money. What we have is being stolen into the intentionally unsustainable triple lock which is another boomer fraud mechanism of steal everything, fuck everyone else.

Retirees will go back to being penniless like they were a few decades ago, those who lived through the war

The state pension won't exist once the boomers are all dead

Just me that you’ve diagnosed as being mentally unwell then 😂

This has been an interesting and intellectual discussion thread. I've read and learned quite a lot about how people make financial decisions for the long term (or don't). My contributions have been personal anecdata in general. And I'm not entirely typical.

My conclusion is that pension saving has to be made mandatory, from the first pound earned, at every age. The suggestion made somewhere on social media that every baby born should have £10K deposited in their name at birth, that cannot be touched until they are 60, no matter how disabled or deranged or needful they are, would be much cheaper all around.

There's another thread currently running, that I am only reading along because I don't have anything useful to contribute, about NEETs. No one is mentioning the increased cost of caring for babies born prematurely, to adulthood, or the toll exacted on the parents.

It is quite marvellous that the medics can save a 23 or 24 week foetus, but one also needs to accept the price of doing so. Your miracle baby is costing the NHS (and all of us) about £50k per year. Every year in school requires additional support, such as 1-2-1 TA help. Even at NMW that's £25,000 per annum. Yes it is really really distasteful and very unpleasant to write this, but the community cannot afford to let self-interest (your personal wishes for your child in need) dictate policy. I don't have a decent answer though. And you would not like the answer I'd have to make as an alternative.

I'm glad to hear that but sorry it's less money. FWIW, I have never had UC either.

I have another job. But it pays less than my old job and I now have travel costs.

Job Seekers was about £500 a month which is nowhere near enough, but I was fortunate to be offered a part-time temp position, and then asked to stay on at increased hours.

I don’t know you. I have no feelings towards you. 🧐

Lots of people had company pensions though before private pensions. Stakeholder pensions started to come in as companies began phasing out company pensions because they were too expensive. Both my parents (now in their 80s) had relatively low paid, working class jobs, but will probably be better off than me because in their day, companies gave you a pension plus they still have the state pension.

I’ve no idea. I’ve not reported any of your posts. You can check that with Mumsnet if you wish.

Same!