Who is going to pay for your state pension/ care in old age?

[itsadlibitum]

Apparently birth rates are falling, and this is putting future pensions (and I would imagine general tax income) in jeopardy as the population will proportionally age.

What's the solution? Should we just write off our paid for "right" to a state pension and state support for care in older age?

Does this change your view on public investment in supporting people to have children if you otherwise thought this was a personal choice and you should support/ pay for your own children?

AIBU to think that NI contributions for "pension" is essentially government mandated mis-selling and state pension will go out the window in the next few decades?

What a moaner! Do you really think the UK is the only country where the age of entitlement to state superannuation has increased? When I started work the retirement age here was 60, it is now 65 and will probably increase again at some stage. So what? I have literally never heard one person complain about it.

Maybe stop comparing what you might get to what others had in the past, you might just find life a bit more enjoyable.

Retirement age will soon be moved to 67 then I expect beyond this. Many people will just work until they fall seriously ill then die.

Unless you are 55 or older now, I would not count on any state pension.

It's a mystery to me why people say things like this.
So you seriously think than before the next 12 years are up, the state pension will be abolished?
On what basis, other than dramatic rhetoric?
No Government so far even dares to dicuss the triple lock. It's quite a jump to get from there to abolition in little more than a decade

I moan and I complain.

As an activist I also campaign, advocate , support and press for change on the issues ( for example pensions) that I, and millions of others, moan about.

If we all had your " mustn't grumble" mindset we'd still be sending kids down the mine or working seven days a week.

Which makes me ask why did you choose to do this line of work if it pays badly?

Again people who have "paid in" via NI probably deserve some lump sum payment back.

We need to transition out of this government Ponzi school and have people privately save up for their retirement.

PP said she really loves her job.
To me, that is more important than money.

how do pensioner's and medical costs that cost quite alot to society with little return on investment for society ?

What do you suggest we do otherwise? Let elderly people starve and not give them any sort of medical care?

well people complain about the welfare bill and the pensioner's are the biggest part of it,

Maybe these savings in unclaimed benefits would off-set the treatment of these fucking leeches:
https://policyinpractice.co.uk/publication/unclaimed-aa/

It is already planned that pension age will increase to 67 imminently and 68 within the next 20 years.

Denmark (and others) have plans to increase to 70 in the same time frame and It would not suprise me with public finances being poor if the UK follows suit and pushes up plans.

It's an easy stealth tax change , as people don't tend to prioritise long term. How much traction did previous changes get?

I do expect there would be a lot of noise from people who could have already started early retirement (age 55) and this would not be politically possible to affect them. But this changes to 57 very soon too.

At the same time, healthy living age has gone down probably due to COVID. At age of 70 approx 50% of people in the UK have a life limiting disease or disability.

Maybe I was a little dramatic with my last post,
But it's not too unreasonable to say if you are not 55 now, don't count in the government pension as you are likely to work untill you are seriously ill or dead.

If you really think having to work a few extra years is in any way comparable to sending kids down the mine then you are nuts.

Honestly, while I agree there are many things in this world which need to be moaned about and actions taken to change, this isn't one of them. I give people like you a wide berth in real life, no-one likes a whiner (especially when it's over something they haven't a hope of changing!)

As an outsider looking in this NI stuff is just ridiculous. Here we simply pay tax and it covers everything the government funds.

Pensions need to be changed to investment funds instead of National Insurance contributions paying for the current cohort of pensioners. This was a huge mistake and previous generations robbed future generations by placing this debt on them.

Governments, not generations. This sounds like covert swipe at those born 1946-64.

It is already planned that pension age will increase to 67 imminently and 68 within the next 20 years.

My pension age is already 67. Has been for years.

It’s a swipe at Bevan, an economist who knew he was creating an unfunded pyramid scheme. We secured the welfare of a few generations of pensioners but at what cost? People used to think more about the legacy for future generations, now it’s more saddling them with obligations for present benefit.

The stats on healthy life expectancy need to be put into context.

That report you quote says : ' behavioural and socioeconomic risk factors such as physical activity, smoking status, education and household income are also associated with self-reported poor health in England and likely to have important and complex relationships with each other and physical health status'. Statustically speaking, people posting on Mumsnet are more likely to be higher income and educated, so will probably not be hit hardest, although obviously many posters are not.

Recent Oxford study said this : 'US falling behind due to stalling improvements in deaths from cardiovascular disease and from increases in deaths from metabolic, respiratory and nervous system causes. The US disadvantage in these causes suggests longer-term processes that contribute to chronic diseases such as high levels of obesity, which are more extreme in the USA compared with peer countries.'

• this study found both the US and UK were falling behind : the fact that obesity and general health were driving the US chronic disease rates is important imo. If US and UK are worse than other European countries health wise, surely lifestyle must be part of this? And this can be altered. Diet and other lifestyle improvements are things we can all at least try to do, to protect ourselves.

It also found :

'Our results suggest that, although the UK performs relatively well on external causes such as suicide, homicide and transport accidents, this is countered by stalling improvements in cardiovascular disease and cancer, and drug deaths are also increasing. Our analyses did not separate the UK into its constituent countries but previous work has shown much higher midlife mortality in Scotland, with drug mortality in recent years even higher than it is in the USA.24'

Imo this is significant. Scotland could well have affected results for other countries, we need to separate into the 4 countries to understand properly

https://academic.oup.com/ije/article/53/2/dyae024/7632338?login=false

Retirement age will soon be moved to 67 then I expect beyond this. Many people will just work until they fall seriously ill then die.

Its already 68 for those under a certain age

And some of those with a public sector pension (teachers, NHS, civil service) now have that linked to their state pension age.

Question from an Aussie - do workers get compulsory superannuation contributions as part of your salary package? Here you have to have very little money and assets to be granted an old age pension which is only about 600 a week i think?

When I was at school my friends parents took early retirement at 50 ! So di quite a few co workers.
No such luck for me

£600 a week is a good wage here. In the North.

Does it make you feel good to keep asking me why I didn’t help myself? It’s clearly because I’m stupid, right?

I am a classic underachiever (undiagnosed AuDHD). Bright but O level results not great (a combination of not knowing how to revise due to being ND and also being raped at 15 does tend to send one off track a little).

I trained at college for a respected but it turned out underpaid career.

Had I done the thing I am really really (naturally) good at then, I would have earned a lot of money potentially. However it didn’t really exist then and I wasn’t able to time travel.

I am now working in the field that I am good at, (and I am good at it because of, not in spite of, my AuDHD) having been given the opportunity to do so at the grand old age of 55. I spent two years of planning, getting to know the right people, proving myself to get there even though on paper I didn’t have the qualifications.

I was sponsored to do a top level qualification in the field and have worked my arse off and nailed it. I am not ashamed of what I do and I don’t regret the choices that led me there. Had I been born 20 years later my life may have taken a different track.

Out of interest, is there a reason you are following me round the thread digging at me and questioning my life choices? Because it’s a little odd…

Thank you. I have just done a long post to the PP explaining (as she was determined to blame me for not earning squillions 😂)

And it’s that saying about if you do something you love, you never work a day in your life (badly paraphrased 😊). The line between my work and my hobby is somewhat nebulous!

It is so good to realise that others like your DH are doing something they love instead of just existing or burning out doing a job they loathe!