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To think the standard of living for retired people had to change

1000 replies

downdowndowndowndown · 09/11/2023 14:50

I'm a millennial. I will retire in my seventies. Many in my age group will be still paying their mortgage off well into their sixties. Many will never be able to buy. This is not a moan about that.

My mums generation were able to buy cheaper houses in the eighties. Some have also inherited well (houses which their parents owned and didn't have to sell to pay for care, which had risen in price to above a million). They had better pension plans. Some were able to go to university for free and their degrees actually meant something in the workplace: They often paid off their mortgages in their forties. I see a lot of my parents relatives have retired early and have very enviable lives.

Two uncles have retired in their early sixties. They are both in good help. They spend their days on many holidays, eating out multiple times per week, going to garden centres, renovating their beautiful houses, helping children financially and with childcare. They will have presumably worked out their finances and could afford to continue to live like this for the rest of their lives! Possibly thirty more years!

I think they are possibly going to be unique in their quality of life. We will never have that and I don't see my children's generation having things any earlier.

In essence the generation before me were mostly fortunate, unless personal situations changed their financial situation or they lost their homes during the nineties interest rises. Retirements and pensions were never designed to support people for three decades and that things had to change hence raising the retirement age and making people pay more towards their care.

OP posts:
Thread gallery
11
BIossomtoes · 10/11/2023 10:32

Oliotya · 10/11/2023 10:31

We can be angry about multiple things. I was just correcting your assertion that pension spending is "nothing in comparison".

But we’re not angry about multiple things. There’s one of these threads about once a week. Nobody ever kicks off about the cost of government incompetence.

downdowndowndowndown · 10/11/2023 10:34

@Roundandroundandroundsound not my experience either. Most of my friends are trying to decide whether to attempt to live in a van for five years to save a deposit, move to South Wales (away from family, friends, two hour commutes each day), move abroad or carry on renting forever. None of them are considering £1000 taps. Very few are homeowners. Those that are stayed living at home with parents in hugely overcrowded houses until their late thirties. Not even flat shares. So if that's the pay off, then my generation are doing it. We don't begrudge the older generation that they were able to move out at 17/18. There's a narrative that the older generations 'had' to move out and 'stand on their own two feet' at that age but the fact is that they were financially able to. My generation weren't and have had to move back home after university, sometimes for decades. Can you imagine your youth if you had to live with your parents for all of your twenties and early thirties? I imagine that sounds like a cushty atmosphere but it's emotionally stunting and bad for mental health. It's also having a massive effect on the birth rate. Biologically, we haven't adapted to hold off trying for children until we are in our early forties.

OP posts:
grottyb · 10/11/2023 10:35

@MrsDanversGlidesAgain you aren’t making any sense. Why would a 15 yr old be on free prescriptions for 65 yrs? Why would a 65 yr old not have had a 65 yrs of free prescriptions? But that has nothing to do with the point I made.

and why do you grudge older people being given the means to stay healthy rather than be at the doctor's every week? we can't fucking win, can we?

What is the difficulty with comprehension?

Where have I begrudged it? I answered a question about how I thought the NHS will change. I do believe they will increase the age of eligibility of free prescriptions at some point. I haven’t made any judgement just stated what I think what will happen.

I mean this exchange is a perfect example of why governments haven’t planned & have got away with it.

Person a: do you think you can rely on the NHS when older

person b: no I think there will be lots of changes eg I won’t get free prescriptions at 60.

person c: why do you begrudge old people getting healthcare

🤦‍♀️

Quisquam · 10/11/2023 10:36

I don't see the issue with pensions starting at 67. And I don't understand why you get free prescriptions from 60 (in England). Turning 60 doesn't make you hard up.

Look at the healthy life expectancy in the UK:

https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/healthstatelifeexpectanciesuk/2018to2020

Men in deprived areas in particular tend to have a healthy life expectancy between 59.1 and 62, stripping out the South and East of England, the most prosperous areas. If people are too incapacitated to work full time between 62 and 67, they are likely to be hard up, aren’t they? If they can’t afford to pay for prescriptions, health conditions could end up costing the NHS way more, when it becomes an emergency?

Health state life expectancies, UK - Office for National Statistics

Health state life expectancies reflect the number of years people are expected to spend in different health states among local authority areas in the UK.

https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/healthstatelifeexpectanciesuk/2018to2020

grottyb · 10/11/2023 10:36

@Oliotya it’s like shouting into the void! 😆

grottyb · 10/11/2023 10:37

But we’re not angry about multiple things. There’s one of these threads about once a week. Nobody ever kicks off about the cost of government incompetence.

No one is stopping you from starting another thread…

Flowers4me · 10/11/2023 10:38

giggly · 10/11/2023 10:29

@Flowers4me simply untrue to say ALL young people will be unable to buy a house. Maybe a search of local housing prices throughout the whole of the UK may be a useful exercise for you before jumping on the bandwagon.
All the young people I work with have either bought or are in the process of buying their first homes just as I did in 1990 with my mortgage half of my monthly take home pay. No foreign holidays for me until I was in my late 20’s as I was too busy paying my bills.
As a GenX I aged 57 I work fulltime, have gone through the nursery fee years now have 1 still in school, 1 ASN in college with no financial support who will never live alone. I have to work until I’m 67 as that’s when I’m mortgaged to as a result of divorce.
I have a work pension and expect to receive a state pension.
Am I moaning , no but by God Im
well fed up with the younger have it harder bullshit that gets spilled out on here.

Eh? I never mentioned anything about young people being unable to buy a house. I think you may have me mixed up with someone else. I'm in my 50s and well p**d off with younger people assuming I've had it easy too!

Oliotya · 10/11/2023 10:38

BIossomtoes · 10/11/2023 10:32

But we’re not angry about multiple things. There’s one of these threads about once a week. Nobody ever kicks off about the cost of government incompetence.

Err there's plenty of threads regularly moaning about various government activity.
On "active" currently there's one about gps, one about schools, one about their hometown declining, one about Suella, one about the rental market, one about Brexit, another about schools.
People moan about the government all the time

BIossomtoes · 10/11/2023 10:40

Way to quite intentionally miss the point @Oliotya.

grottyb · 10/11/2023 10:43

Way to quite intentionally miss the point

The irony! why do you have an issue with @Oliotya correcting your post?

Silvers11 · 10/11/2023 10:44

grottyb · 10/11/2023 10:14

@Zebedee55 what's your point? My point was I don’t agree there will be free prescriptions for all when i’m 60, do you disagree?

Fyi there are all ready more over 65s than under 15 year olds.

Of course in Scotland, and (I think) also in NI, Everyone gets prescriptions free. Doesn't matter the age.

BIossomtoes · 10/11/2023 10:44

grottyb · 10/11/2023 10:43

Way to quite intentionally miss the point

The irony! why do you have an issue with @Oliotya correcting your post?

I don’t. I thanked her for it. 🤷‍♀️

grottyb · 10/11/2023 10:46

and tried to draw her into another debate? why? she simply corrected you…

BIossomtoes · 10/11/2023 10:49

grottyb · 10/11/2023 10:46

and tried to draw her into another debate? why? she simply corrected you…

Why do you care?

grottyb · 10/11/2023 10:49

Way to quite intentionally miss the point

Her point was completely clear, her point was to correct you. What bit of that are you missing?

grottyb · 10/11/2023 10:49

Why do you care?

Another fantastic contribution!

Why do you?

grottyb · 10/11/2023 10:51

I was just trying to help you tbh as you seemed confused.

SeptemberTime · 10/11/2023 10:51

What a ridiculous thread, OP you are blinded! Plenty of pensioners live NOTHING like your family.

BIossomtoes · 10/11/2023 10:54

grottyb · 10/11/2023 10:51

I was just trying to help you tbh as you seemed confused.

Lovely bit of gaslighting there. Can we get back to what this thread’s supposed to be about now? It’s been derailed quite enough.

MrsDanversGlidesAgain · 10/11/2023 10:55

grottyb · 10/11/2023 10:36

@Oliotya it’s like shouting into the void! 😆

So sorry we're taking up your valuable time.

aswarmofmidges · 10/11/2023 10:55

Picking up on an earlier claim form the op

I don't know of many admin assistants in the 1980a who could buy a house!

Generally you didn't buy as a single person in the 1980s- even then living with parents until married was normal

Some people on low incomes did buy courtesy of the council home scandal

That was a one off disaster that has led to the current housing crisis . It was very wrong and needs rectified

But not at the expense of one group in society - there are a lot of younger people today who have benefitted from inheritance from that older generation - inheritance that they would not have had without the council home sell off in many cases - and it's n unfair to penalise the older ones for any gains and not the younger ones

grottyb · 10/11/2023 10:56

“But we’re not angry about multiple things. There’s one of these threads about once a week. Nobody ever kicks off about the cost of government incompetence.”

“Can we get back to what this thread’s supposed to be about now? It’s been derailed quite enough.”

Brilliant! 😂😂😂

MrsDanversGlidesAgain · 10/11/2023 10:56

Can we ignore the intentional derailers who've turned up this morning? not that this thread has anywhere to go.

downdowndowndowndown · 10/11/2023 10:56

@aswarmofmidges sorry it missed out a word. My uncle was a postman and his wife was an admin assistant and they bought a house with no deposit.

OP posts:
grottyb · 10/11/2023 10:59

Generally you didn't buy as a single person in the 1980s- even then living with parents until married was normal

Certainly in my part of London it was normal to have one working parent & people did buy houses in the 80s on one salary. I thought one argument for the increase in salaries vs house prices was because more women worked?

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