Winseer:
Conor:
Winseer:
The establishment have very cleverly made it so we manual/semi-skilled workers simply cannot retire now, which in time - will ease the shortages in the sector.
Hyperbolic nonsense. Your own spending habits and whether you did anything to save for your retirement do that. My parents and mother in law are both retired on pension credit, theyâre managing. It ainât fantastic but theyâre not surviving on rice and beans. They donât get to pay off the mortage on thatâŚ
I would imagine that many other people with paid-up company pensions - are going to find themselves in the same boat as me, i.e. postponing retirement now until such a time comes when we CAN afford to retire.
Depends on how much debt theyâre in and how much lifestyle inflation theyâve had. If you canât afford to retire on ÂŁ300 a week plus whatever your missus gets, should you have one, so quite feasibly ÂŁ500+ for just two people which is the take home pay for a ÂŁ35k job with no mortgage/rent, travel to work costs etc not sure what to say.
I was talking about company pensions which those in the company have fully paid into over the years.
THESE are the ones that are already depleted by the amount UK pension fund managers BLEW out of the funds by
(1) Speculating on the fall of the Ruble, only for it to rise
(2) Buying forward Gas and Electricity at the top of the market - only for it to then fall back 85%
(3) Selling Gold, Shares, and other assets to cover the losses from (1) and (2) only for Shares and Gold to remain firm in the marketâŚ
I have no credit card debt or car finance myself, but a lot of other people do. This isnât about me, but about all those others who donât realize how theyâve been robbed as of yet.
I have a mortgage, a good one too - but that hasnât stopped my payments going up due to the Bank of England losing control of interest rates to the âbuy or not to buy this weekâ whims of the Chinese Delegation that buys up our bonds as they get freshly auctioned by the UK and other western treasuries every week.
If youâve scrimped and saved over the years, been fed a â â â â -and-bull story about the real reaons behind the Covid scamdemic, and are not even being informed now that your savings - youâve spent, your pension - is disappearing before your very eyes, and you idiots think you can avoid the fallout from all this by pretending this is âsomeone elseâs problemâ not the problem for every working person who one day wants to retire, which is what this thread is supposed to be aboutâŚ
As for me, half the battle in avoiding the pitfalls and events that have already happened - is to be prepared for what follows.
The most vulnerable group of workers right now - are those who were intending to retire by the end of this decade, combined with those who have taken a new full time job on within the last year⌠Why? - If there is a sudden, very sharp economic downturn later this year, then someone whoâs only just got started in their new job - gets let go FIRST, no redundancy money.
Miss a mortgage payment now? - Repossession proceedings - are likely to be done at an accelerated rate, now that banks are having a bit of a cashflow situation themselvesâŚ
âYouâll own nothing - and be happyâ is well under way, but âHappyâ like âThe Brexit Dividendâ is the pot of gold at the end of that rainbow - that weâll strangely never ever quite reachâŚ
1929/1932 is almost upon us.
After, the only jobs going will be working for local businesspeople, who are now out of reach of local law enforcement. Where do you think the 1930âs âGangstersâ originally rose from?
Weâve already had the lockdown time, where we find out who can get by on the least⌠Now itâs time to find out who can get by on double that pay, but triple the cost of livingâŚ
Overall, everyoneâs standard of living is likely to drop by between a third and a halfâŚ
âDepressionâ - again not about me here - is what you feel when you COULD have done something about what was coming, got warned enough times by people like myself - but did nothing and now itâs too late to recover⌠The thing to do is lobby your MP to raise these issues before they take full effectâŚ
Thereâs always a glimmer of hope of course, that Sunak knows how to drive here, and suddenly announces a collapse in energy prices (to bring them in line with wholesale prices NOW) and a drop-back in BoE interest rates too, since they are only rising to âcombat inflationâ which is now supposedly OVERâŚ
4 weeks left for Sunak to make his winning move, 6 weeks until the âPost Easterâ period downturn begins, if he DOESNâT act.
I dunno what happens if Sunak falls in the meantime, as much will depend on who his successor is. It wonât be BorisâŚ
