Is ending the triple lock to fund a care service fair....

[mids2019]

To me this is actually not a hugely left wing proposal as middle classes with occupational and private pensions will not notice the reduced increases in state pension significantly.

However poorer pensioners with little other pension provision may be impacted a lot to essentially fund a care service that will be disprotioanrly help the middle classes as their life expectancy is greater.

Is it fair that our poorest pensioners get less to support a care service which would mean a millionaire pensioner would not nèed to sell their assets to access it?

Even the poorest pensioners pay towards home care. Most people end up with home carers. Few go into a home.

If your youngest is 19 I’m really surprised you appear so hostile towards anyone that says the older generation have had it easier. Of course it’s not as black and white as that and all generations have their difficulties but like for like, unless something drastically changes this generation are pretty much the forgotten generation. If you’ve got a 19 year I can’t understand how you can’t see that. I’ve not rift but have seen a few of your posts and you seen really frustrated but surely you can see from your sons pov that it’s highly unlikely there will even be a state pension when he gets to 70 and that’s the context of this thread, the Tripple lock!

Maybe not the salary but the house purchasing is.

So enlighten us how he done all on his own if he moved out at 18 and got a full time job? Rents are sky high so how did he manage to save for a deposit?

Anecdote isn’t data.

You need a £20k deposit and a salary of £40-£45k to buy a basic one bed flat in my son’s work city. £200k is basically the minimum price of basic flats. Not many youngsters will be on that kind of wage nor have managed to save a £20k deposit plus more for fees and furniture etc.

The cheaper flats are over 55 restricted.

Almost certainly bank of Mum and Dad.

Absolutely! I suspect he lived at home (rent free or minimal contribution) until he was 23 then saved for 5 years to get the deposit. The problem is that’s not available to everyone and living at home isn’t an option so he might have bought his house at 23 but his circumstances allowed for it so lucky him

He didn't move out at 18. My post clearly said 23.

Wrong. He earns more than you!

His house deposit was 10k. He paid half, as did his partner.

Anecdote isn't data.

Most of his friends did the same.

Which sector is it?

and that’s great but they’ve had help. They’ve not been able to be independent from 18 and get a house, they’ve needed supportive parents in order to save for a deposit and that’s the point, back in the day they would have been able to do it on their own.

You’ve also got to remember whilst your sons friends dome similar they will have had lovely supportive parents too but that’s not available for everyone by any means

LG. Chief Accountant. CIPFA.

I don't know why you keep saying 18. Remember Uni is free in Scotland. So no debt.

Did you mean he didn’t go to university earlier? I just saw ‘he didn’t go’ but maybe you meant something else.

He stayed at home, whilst studying?

I know and that’s the point, he needed to stay at home to save!! You sound lovely but sadly not all parents are able or willing to help

Statistically 1 in 5 men over the age of 65 go into a care home and for women it’s 36%, or over 1 in 3, because women live longer. While I agree the majority don’t, it’s not my idea of a few either?

He didn't go. He got a trainee accountants post and the LA paid for his exams while he worked FT.

Fair enough. Nothing wrong with that, sounds like it worked out very well for him.

It did. He was seriously ill in fifth year and couldn't sit his highers. Worked out better. He got all the Scottish and UK wide CIPFA prizes and then the big promotion.

Your son has done amazing to be on such a high salary. He’s made good choices and had to make sacrifices (like living with you’s his parents longer than he’d probably want - no offence 🤣) as he could see the bigger picture. He’s in the minority though as even getting on to any kind of scheme like he has is so difficult so it’s testament to him but there was probably 500 applicants and he nailed. There doesn’t seem to be as many opportunities these days but that’s what they need to create more schemes like this so others can flourish

No they didn't.