Protect our pensions petition

Average earning rise by around 9% in last year purely because they collapsed previously due to Covid destroying earnings. Those taxpayers gain nothing overall but some think its fair to give pensioners the 9% gain... paid for of course by the taxpayer ie many of those who have had to greatly economically suffer in the last few years.

Doesnt feel like inter - generational fairness. Got to feel sorry for younger people in my opinion.
 
OttersBoro said:
Average earning rise by around 9% in last year purely because they collapsed previously due to Covid destroying earnings. Those taxpayers gain nothing overall but some think its fair to give pensioners the 9% gain... paid for of course by the taxpayer ie many of those who have had to greatly economically suffer in the last few years.

Doesnt feel like inter - generational fairness. Got to feel sorry for younger people in my opinion.
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How short termist is this. We're all going to become pensioners, well those of us lucky enough to live that long.

Do you think that those who have contributed to society should receive less than the poor pension that they're currently given?
 
OttersBoro said:
Average earning rise by around 9% in last year purely because they collapsed previously due to Covid destroying earnings. Those taxpayers gain nothing overall but some think its fair to give pensioners the 9% gain... paid for of course by the taxpayer ie many of those who have had to greatly economically suffer in the last few years.

Doesnt feel like inter - generational fairness. Got to feel sorry for younger people in my opinion.
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My wife and I have worked and paid tax for over 90 years between us and you and the government of the day think inching towards 10k per annum is too much .
Unbelievable.
 
BoroMart said:
our state pensions are an absolute disgrace when compared to other civilised nations. Signed
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But its complicated though isnt it ...as imagine you know

UK is largely a flat rate... other countries arent therefore skewed by rich pensioners

UK historically has had an expectation of people putting money into their own pension pots where some of those comparables eg I believe the likes of Spain or France they dont save anything

You can go on ... Germans dont have high house ownership, how does that compare to UK pensioners using equity release from homes bought cheaply years ago

Either way in simple terms lets say Economy goes down by 15% one year then up by 9% next year (partial bounce back) .. on triple lock pensioner gets 2.5% and 9% whereas the taxpayer loses 15% then gain 9%.... no sure many young folk would see that as fair as they scrimp and save for a deposit.
 
OttersBoro said:
But its complicated though isnt it ...as imagine you know

UK is largely a flat rate... other countries arent therefore skewed by rich pensioners

UK historically has had an expectation of people putting money into their own pension pots where some of those comparables eg I believe the likes of Spain or France they dont save anything

You can go on ... Germans dont have high house ownership, how does that compare to UK pensioners using equity release from homes bought cheaply years ago

Either way in simple terms lets say Economy goes down by 15% one year then up by 9% next year (partial bounce back) .. on triple lock pensioner gets 2.5% and 9% whereas the taxpayer loses 15% then gain 9%.... no sure many young folk would see that as fair as they scrimp and save for a deposit.
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It's only complicated by statistics and figures .
It's less complicated if you think in terms of treating people fairly after a lifetime of work .
And affordability is only a case of not squandering squillions elsewhere .
 
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