Großbritannien steht vor einem Tsunami der Rentnerarmut, sagt Kendall

Preparing the grounds for raising the retirement age to sustain those currently on it.

I jolly well hope they’ve cancelled bingo night and whatever it is pensioners have on their toast.

>Kendall confirmed that she was also launching the regular statutory review of the state pensions age. It is set at 66 but is already expected to rise to 67 between 2026 and 2028.

>Kendall made clear that the costly triple lock pensions guarantee will not be considered by the commission, which is set to report in 2027. “The triple lock is out of scope,” she said.

This country will do literally anything but stop enriching the current generation of pensioners.

>It will also look at the idea of “sidecar savings”, which are advocated by the Resolution Foundation thinktank whose former chair, Torsten Bell, is a pensions minister. This approach would allow a set amount of pension savings to be accessed as a rainy-day fund in emergencies.

This sounds good on paper. I’m sure people would save more into their pensions if it weren’t completely untouchable for 30-odd years.

The Germans just released a study to let rich boomers pay for their poor boomer counterparts.

Do that and lets hope the Worst Generation leaves this planet as fast as possible so we can move on before it is too late.

„We need to reform pensions!“

>“The triple lock is out of scope” 

But not in a meaningful way!

Honestly the state of an article blaming the young for not paying enough for their future when the old didn’t have to think about it and quite often got final salary pensions is sort of hilarious. The young can’t afford to put a roof over their heads now, let alone think about 40 – 50 – (60 – 70?) years time.

Meanwhile the elderly must carry on as they are.

It was a nasty bit of work for the Tories to reverse the age rise on the way out the door knowing full well that Labour would have to put it back up

I think a lot of people’s retirement plan will be playing rock, paper, scissors with their significant other to see which one is going to have an accident and which one is going to get a life insurance pay out.

In the UK there are more children in poverty than pensioners.

Get your priorities right.

Unless you want those children to still be in poverty when they’re pensioners.

Silly me for expecting the government to think long term.

You mean high taxes and regulation hasn’t bought us prosperity ? Who would have thought it…

So when women are working until they’re 70, who’s going to be providing free childcare for grandchildren and taking care of elderly parents or disabled relatives?

Is the cost of losing that free labour really less than it would cost to pay people pensions they can live on? How about trying to drive down the cost of living by stopping the rich from fleecing us?

The current socio-economic consensus saw current retirees take advantage of the likes of right to buy, and memberships to defined benefit pension schemes. Social housing was never replenished, local authorities kneecapped to fix it, and the pensions regime shifted to favour the employer – as one of the key pillars of retirement left the responsibility of your employer and was given directly to you ( and you weren’t educated or prepared for this, similar to the waspi women situation, they certainly try and make out efforts were made but it’s just a con to take from you and relax the demands on the employer (or State in the case of the waspi women)).

The greed of this consensus, the mentality it embedded into the country (me, mine and f*?* Everyone else) is a large reason for the state we are in. It wasn’t a consensus made with younger cohorts, this was decided before us.

Pensioners and other retirees are the largest holders of wealth in the country, when looking purely in generational cohort terms, as such squeezing them would likely result in stationary capital moving, (woo GDP). It’s encouraged ideologically.

Again this is not something I would do if I was in charge, myself or even a bunch of 8 year olds (for context, a bunch of year 4s with no training) would likely come up with anything better.

How about we also implement a max voting age. Why do old sods get to decide how the younger generation live when they won’t be around to see the consequences of their vote. At the same time add a max politician age that is directly linked to retirement age.

Not MPs and civil servants, though with their gold plated pensions

Wait until she finds out how the people of working age is doing.

My struggling SIL, her husband and 2 kids can’t afford heating in a tiny house.
But via taxation pay for my parents, who took early retirement to have subsidised heating for a 4 bed detached.

There used to be a party that was idiologically opposed to benefits due to moral hazards like this one. I wonder what happened to it?

Here’s a hard decision: cancel final salary pensions after 80, stop all winter fuel payments and cap the voting age at 60. Time for change.

Have they considered cancelling their Netflix subscriptions or downsizing their £600,000 houses they bought for a ball of yarn?

Yet they’re not addressing the elephant in the room. The rising costs of literally fucking everything is the crux of the problem for all of us who aren’t rich. For the pensioners with limited or no savings, there is absolutely no wiggle room whatsoever. It’s either destitution or die.

Nobody will employ them and they’re generally unfit to work on the whole anyway, so there’s no way to generate extra income. A fifth of pensioners live in houses worth at least a million, which means a lot of pensioners are in mid to lower cost housing, renting privately, or are in council housing.

When we’ve got the highest energy costs in Europe, water rates that are going up and up and up, food prices still increasing.. it’s absolutely no wonder we’re staring a national crisis head on for even more poverty than we do now. And what’re they doing about it? Taking more and more from the people who haven’t got it to spare.

I mean relatively obvious. The current 60 year olds are planning to rely on the state pension. My father in law has about 60k in his pension, think my dad has about 100k. NOT mortgage free either.

A child in the UK is 3 times more likely to be in poverty than a pensioner. Nobody cares because they don’t vote. This country is a disgrace

Maybe a fifth of the population stopping working is a bit of an issue?

As long as they don’t decide to take the state pension away because I have a private pension and have saved all my life responsibly looking out for myself. Millennial here so we’re getting screwed by boomers either way as they suck the pot dry. The economy and standard of living has regressed for 20years of my entire working life and that retirement gets pushed further away each time you look. I hate all this, changing the deal is not acceptable.