A lot of us getting our share. Much of this money goes into pension funds which people are getting now or will get in the futureplanteria wrote:we all need our share..
And got lucky.underfog wrote:We worked hard - fair play.
Hmm, the politics of envy are unattractive from any side of the equation. Why are today's retired "over-privileged"?, they are, without doubt, better served than those still working - but that's not down to them, it's down to changes in the provision of pensions, the impact of low returns of pension schemes and many other decisions made over past years. Given that they have no other income, they have also seen their savings spanked by low interest rates, which have been to the advantage of those who are earning....... so, not everything has been rosy.pabenny wrote:The idea that inheritance offsets meagre pensions is way off the mark and I might even go so far as to describe it as a falsehood promoted to counter suggestions that many of today's retired are over-privileged.
To fund a final salary pension of £20,000 taken at age 65 takes a fund of something like £800,000. How many homes are worth anything like that amount? And that's before taking account of care home fees and the like.
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