State pension age to increase to 75 WTF??

[mrselizabethdarcy]

Just seen this article. I'm so worried about the future.
www.mirror.co.uk/news/politics/tories-raise-state-pension-age-18953679

It’s a suggestion by a think tank NOT an actual plan by anyone with power to do it.

This is the think tank which came up with Universal Credit. It WILL happen, even if not in the next year or two.

Of the 5 friends and relatives that died from cancer over the last couple of years, none of them were old enough to collect a state pension.

So where does that money go?

My dh couldn’t find a job in his field at 58 ( computers)
He sold his house and came to live with me
Then his private pension kicked inwhen he was 60
He had a stroke two years later
No way could he have worked till 66

I'm 30 and I don't really believe there'll be a state pension by the time I'm of pension age.

Surely this will be a bigger vote loser than the ‘dementia tax’?

The increase in pension ages has a big impact on younger people. Already this year a lot of the jobs in our rural/holiday town are filled with older people who'd previously be retired than teens. It saves any issues with employing under 18s and means they'll not all be buggering off to uni at the same time.

I think we'll find more and more 'retired' people in jobs like that as they need to find alternatives to their main career.

@Dowser I think it's expected that a portion of people won't make it to retirement age, I'm afraid 😟

Queen - no, I think a lot of people in my age bracket have assumed that state pension will be removed and be removed by any party. It might not seem likely in Corbyn's Labour but certainly under other leaders.

"dementia tax" also had more immediacy among a key group of Tory voters.

I'm expecting to work for as long as I'm physically and mentally able to

”Most people I know have retired on their work pensions which they can draw after 35 years of work, or of course, they can keep working.
Is this option not available nowadays? Is there no time limit when you can ask to retire and draw your work pension.
So most of these people retired at under 60. This is not an expensive area so their mortgage is probably more or less paid off.

These are mostly teachers and nhs workers.”

And back in the real world, most people (of those who actually have a work pension at all) don’t have a pension even approaching the generosity of the schemes you mention.

I see someone’s already mentioned trades and outdoor manual workers. What about bricklayers or scaffolders who have worked outside in all weathers for 30 odd years. Many cannot physically do their jobs after age 50, a lot are crippled with arthritis or other conditions caused by the type of work they do. My own Dad was a plumber and found himself unemployed at age 55, no one wants a 55 year old plumber, he wasn’t qualified for anything else, he did some caretaking work for a few years but then spent the past few years on benefits waiting for his pension.

Or people in industries that are changing so fast - becoming so technical (as they show down) that they are becoming a 🦕 (like me!) 🦖

Just to note that almost any pension scheme, including teachers and nhs workers are only available when you reach 65 or state retirement age now, whichever is the later, so that means that younger nurses and teachers might be looking at 70 plus to draw their work pensions and well as their srp.

I agree with pp that it's because more people are renting and gov't doesn't want to provide them with housing, so they'll have to work and pay rent.

Certain jobs (nursing, paramedic, teaching spring to mind but there are tons) are just not doable in your 70s.

Yet another annoying example of how the baby boomer generation got the spoils (no uni fees, cheap house prices, good pension schemes, ability to work and travel in the EU) and the drawbridge is being pulled up for everyone else.

At some point the younger generation, who can't afford to buy a house, who are still paying back student loans, who won't get a pension, are going to get seriously fucked off. Why should they bear all the brunt, always.

Yes my baby boomer husband whose employer in the 70s told him and his work colleugues to pay into the workplace pension or face the sack. Then years later that pension wouldnt pay out what it was supposed to.

And 23% of social housing tenants are pensioners Either boomers or the Silent Generation.

Surely though- we live longer- and with more cost due to medical advances. Not the same life expectancy as before- the age of the pension inevitable has to go up as we live longer and better.

I think among the working class (that's most of us, those need to work I order to buy food to eat) multi generational living will become more common and that is how people will end up owning a house...
Basically back to the pre 60s the working class rarely owned their home unless they had lived as one family and the older ones died!

The 60s onwards were the economic blip

Yet another annoying example of how the baby boomer generation got the spoils (no uni fees, cheap house prices, good pension schemes, ability to work and travel in the EU) and the drawbridge is being pulled up for everyone else.

It's not the boomers pulling up the drawbridge, it's the government (many of whom are Generation X, btw). Also, the later boomers, born in the late 50s/early 60s are getting shafted too pension-wise.

But that's not across the board @SD1978 In plenty of places the pensionable age would be higher than life expectancy age. That can't be right, it's basically working people to their death.

"It's basically working people to their death"

Yep like it used to be... pensions were for a couple of years for the few that made it to pension age! The "manual workers" were probably a minority tbh.

@ghostofharrenhal
Would be a vote loser for sure - remember what happened when they proposed making elderly people pay for social care out of the equity in their homes? Lasted about a day before they dropped it.

But this is what happens. The elderly do have to pay for their care if their home is worth over a small amount

Soontobe60 that's when means testing for for residential care, not social care in peoples's own homes. Currently the value of the home they live in isn't taken into account, which is why there was a furore when it the change was mooted in the 2017 Tory manifesto.

Sorry that was a bit garbled!

And 23% of social housing tenants are pensioners

It's likely to be far higher in future for the percentage of non home owners from people who are in their 20s and 30s now I'd have thought?

It's not the boomers pulling up the drawbridge,

Agreed that it's the government - because that demographic has a lot of people and they = voters. The net result though is overall inequality between that cohort of people and younger generations. People paying their pensions now are also in some cases those who are paying back student loans. They're also faced with indirectly funding the medical costs of that generation ageing, and yet who's to say if the NHS will exist by the time they get to old age, probably not.

Cinammoncake yep, all that is true. So young people need to get out and vote, get organised, increase their political power.