I would have been outraged… and I am outraged that Labour have done this too - I am a Labour voting pensioner.
On MN there is a widespread belief that pensioners are mostly wealthy, not feeling the COLC at all, and can manage sky high winter bills and henceforth live on a dwindling income in real terms so the triple lock can be abandoned.
Good for you all with your wealthy cruise-going ILs…
Meanwhile, everyone I know is living frugally and quite fearful of the future.
I am not saying the WFP should be paid across the board, but the threshold hold is WAY too low. People in good occupational pensions, index linked public sector, big savings pots etc, all pay TAX. It ought to be easy peasy to set a threshold of income, identified through HMRC , above which the payment is not made.
Lots of pensioners are not enjoying comfortable incomes at all.
We weren’t feckless and greedy… lost if reasons;
If we bought flats or a house the most common thing to do was buy an endowment, at which point we were told that it would pay off the mortgage AND give us a sum for retirement. Then it all went tits up and many people were left with a shortfall on mortgage, never mind money for cruises.
Other people spent more than half their working life before 60 believing they would get a pension at 60. Then thought ‘ok I’ll work till 66’ but got ill or worn out , or dud last minute saving but couldn’t save enough
Many of us worked our whole employed lives with no employer contribution at all, until the last legal minute, at the lowest legal level.
Many of us just never earned much. No free childcare hours etc…
Had savings but lost to divorce
Many reasons.
Just because YOU know wealthy pensioners does not mean it’s the whole picture.
The threshold should not have been set so low.