To be worried how I will manage to work until I am 67?

[brasty]

I am in my mid fifties. I already get more tired than I used to when younger. I wonder how I am going to manage to work full time until I am 67 years old. And continue to do my share of cooking, cleaning, family stuff and actually having some fun.

Are you really confused? I take it you were happy with the unemployed and the prostitutes.

I take it you weren't around in the 50s? Windrush generation tended to live in poor areas as did many other immigrants.

You mean it was a rough neighbourhood because the immigrants were black?

No makeourfuture I mean it was cheap because it was rough so immigrants, like my black husband, could afford to live there.

Garden forgo fancy gift requests; start a retirement savings account now! “Dear for Christmas this year I want a little stock portfolio”

Also immigrants like my Irish family so we came in all colours.

Although many believe the baby boomer generation had it the best. I believe the previous generation (that of warren buffet) is touted as having it better. Too young to have served in any war and benefiting from the post war boom.

I am sorry, but again, why describe an area of high Immigration rough?

Help me out when and were did we start discussing immigration?

makeourfuture stop imposing your political agenda on a very reasonable conversation.

Wasn't it really the treatment of the immigrants that was rough?

That isn't relevant here is it? I suppose no blacks, no Irish, no dogs might give you a clue.

I described it as rough because it was rough. As others have suggested I think we have discussed this enough.

political agenda

It is political.

Yep. That's how you post on every thread.

ThroughThicAndThin01, thanks for letting us know. I will ignore now.

As a ps to my previous post, I was going to say that the majority of nasty sneery replies on here are so often accompanied by foul language.

Sequelae is Latin, Susannah. But I'm happy to be described as nasty and sneery.

Bloody immigrants. Send them home on a raft, some stale bread and water !!!

I'm still trying to work out how SuzannahL gets the idea that the welfare system is "very generous". £73.10 per week to live on including everything, no help with housing if you have the audacity to have a mortgaged home (trying to invest for the future rather than fecklessly renting off the "wise" landlords), doesn't strike me as "very generous".

Even without housing you're looking at utilities, transport, food, any insurances etc. Oh and I forgot, that can't be very cheap food because we all need to eat healthily which is more expensive than beans on toast & maybe a jacket potato as a treat all the time. I live on the outskirts of a decent sized town - over £6 return for the 2.5 miles into the centre. Still have to pay a percentage of council tax if you're unemployed or on ESA, as an "incentive" to get back to work.

Tell us SuzannahL, what do you consider "very generous", and how would that compare with your earnings which you described further up-thread as "fairly average" salaries?

good points allergic

So an average salary is 27600....

'generous' benefits are 3800...

I wonder which makes it easier to save money for the future, hmmm?

when you go to retire you really need housing sorted, and to either be single or have a partner who is equally contributing. 60+ with underemployed 20+ yr olds and a mortgage remaining or unstable housing is a not workable.

Morphene remember that SuzannahL said that until they had children, they were BOTH working so you're talking an awful lot more...

Without a significant and unexpected windfall some years back I'd be amazed if we would have been savvy enough to save for retirement now.

Certainly for several lean years when the DC were little and we had one income - it was impossible to put anything by - so we didn't.

I do think pensions and savings need to be taught at school when you may be able to start a good savings habit. Not everyone has financially literate parents to teach them this...

Average salary where I live is much less than that. I will retire with an annual pension of £4k, which I have saved hard for. It was always meant to boost my state pension, not replace it. There is no way I could ever have afforded to save enough to replace my state pension.

brasty will you qualify for the full SRP? It is about £8k isn't it? If you haven't got housing costs £12k isn't bad, if you have rent it doesn't leave much. I don't know where things like council tax and housing benefits start. I can certainly see people house sharing, I have noticed that even in areas where house prices are more reasonable rents don't seem that much lower, well taking London out of the picture which does distort everything.

Sorry I can't remember if you said you were renting. We do own our house and I am trying to get everything done so we won't have high costs in the coming years e.g. had a new boiler a couple of years ago, had the kitchen re done (on a budget I repainted cupboards and just had new sink, worktops and tiling, it looks good and will last me I think.) Big bills are hard to plan for and we don't have an emergency fund at the moment, that is my plan when my SRP kicks in and if I can have an emergency fund I will be more relaxed. If it was just me I would downsize but my DH won't, he is disabled and just can't face the upheaval.

I don't reckon much to this getting old lark.

No I won't, because I was contracted out. I will get the old pension rate, plus whatever NI I pay for new pension rate before I retire. Even though I will have been paying NI for 47 years by the time I retire.