Conor:
Juddian:
Maybe some have realised the likely coming social care changes possibly means a typical working persons hard earned house and savings are likely to be taken by the state to pay for one’s care nearer to clocking out time, so might as well enjoy a retirement and get yourself down to the same financial position as those who’ve never done a days work in their lives, or those who’ve never paid a penny into the system, sometimes the same people, all of whom who will continue to get everything for free right up to the end.I recently had a month off sick where this was driven home to me. Here’s me muggins having done the right thing, saved my money, invested it, built up a nice little stash sat on £95 a week SSP entitled to sod all else because of that stash despite paying more stoppages than some people earn meanwhile up the road someone who has earned a load more than me but spent it on going on foreign holidays a few times a year, brand new car every few years and whatever other crap and has no savings would be able to also claim universal credit and get £100s a week.
Saving is not rewarded in this country. Might be time to pay a lump off the mortgage, put in that kitchen we’ve been talking about for a few years, put a few bob under the mattress given the interest rates on savings are zero and shove the rest in my pension because certainly having it sat in investments and savings accounts isn’t doing me any favours.
Well you’ve gone wrong then somewhere Connor , I’m 60 & my mortgage was paid of 20 yrs ago & I was one of the ones who got shafted with endowment mortgages , but whilst every man & his dog was paying by d/d I much to the annoyance of the nationwide continued to pay x amount extra on my payment book p.m , when our repayment mortgage we changed too finished we still had the endowment money we hadn’t cashed though it was nowhere near the money they had forecast ,
We upto COVID had 2x2 holidays abroad , newish cars , went were we wanted , meals etc
Yet managed to save loads , Isa, bonds , shares etc
And all this was done from what was referred on here a peanuts & buttons job
As for pensions were never going to be as well off as now , but government , my 3 pensions , mrs nhs + 2 previous pens & savings should make for a liveable pension
As for folks above saying kids won’t get anything out of house , I’ve helped mine & still do with cars ( buying / ins / tax / fuel ) & help by giving her lump sums towards house so she will be hopefully mortgage free by the time I’m gone