You can't help thinking how long can this go on for? Such a strain on the services. http://www.bbc.co.uk/news/uk-33266792
They are contributing to the economy, if they were all 65 then yeah send them home, but they are the people that will be working to pay your and my old age pension. Without young people we are just another ageing society that won't be able to pay for its oldies retirement.
I realise that a larger population means more people are paying into the pot but that isn't my concern, my concern is the stress on the NHS, housing, local services and schools. Regarding pensions I'm pretty sure I've paid in more than I will be getting out, having said that I believe an increase in NI payments should be considered to guarantee pensions going on into the future, like tax you do not really miss the payment when it is taken out of your salary at source.
The government retirement pension has never been a savings and investment scheme, in the sense that your private pension is a pot of money invested somewhere, it has always been the case that current taxation pays for the pensions that are in payment, so it is only the current workforce supports the old. The stress on the NHS, housing, schools and so on arises because we don't as a country want to be taxed enough to actually pay for them, countries with better health systems and so on pay more tax than we do.
Mmmmm not sure. Our health system is better but we pay less tax (individually). Spend less on the roads, though.
(1) Contributing to the economy, where does it say that in the linked article. (2) Selection by age is as bad as selection by gender or race. (3) Working to pay for your old age pension, how kind of them. Worth noting that aside from births, the figures are mainly from net migration which is the number arriving minus the number of Brits leaving the UK, so the figures shown in the article subtly hide the real immigration numbers. Also these figures obviously only include legally registered immigrants, as I am sure most Philippinos are, they will not include illegal immigrants such as all those chappies terrorising the lorry drivers in Calais recently
the strain on the NHS is driven by older folk living longer the vast majority of "illegals" didnt arrive on the back of a lorry but with a visa of some sort
1) It probably doesn't but plenty of other research does. 2) That was intended as a joke, an off the cuff comment, I would not actually suggest that. And anyway the oldies from the UK that end up in Europe tend to be able to afford Europe, oldies from Europe coming here well I would not want to be old and trying to get by on our cost living unless I could afford it. 3) Same as everyone else here, I am working right now to pay for the pensions of current retirees as is every other taxpayer in the UK.
Yep and we don't as a country want to pay for all those extra old folk, long life is also putting a strain on the pension system, hence they won't let me retire until I'm 66.
That's a small part of it. Advances in medicine have also markedly reduced infant mortality rates and the absence of armed conflict means fewer young men and women die of their wounds.
I didnt add that there are also knock on effects where hospitals cant discharge elderly patients due to lack of social services I dont think its a small part Mark ,still anti-biotic resistence should eventually help
Just had lunch with Mrs Ash in Marks and Sparks. It was full. 90% of those in there were of pensionable age.
I've just had a walk in the park a minute from where I live, there is a café overlooking a lake for the over fifties, I've been going in there recently to practice for my old age . Lots going on today, bingo in one room and old time dancing in the other room, excellent café with discounted food and drink, also acts as a advisory centre for the aged. I love old folk, much more interesting to talk too than the young, its a pity the young do not seem to want to learn from the old, this is why the country will slowly decline as the years pass by.
The 40s In previous generations, the forties might have been a period of relative prosperity as earnings peaked and families began to get the better of mortgages. Not so today. Bigger mortgages and children born later in life heap the financial pressures on to this stage. Research by BlackRock, the asset manager, which surveyed 2,000 adults, found 45 to 54-year-olds the most "at risk" age group in terms of future pensions poverty. Only half saved for retirement, it found – two in five still had dependent children. "If you want to reach your retirement goals and you're not there yet, you may need to pump up the risk to catch up. A lot of people rely on an inheritance to see them through but they don't realise that the cost of long-term care for elderly parents can easily eat up hundreds of thousands of pounds of assets. "It's time for an injection of realism – if your pension savings aren't hurting, you're probably not saving enough." http://www.telegraph.co.uk/finance/...ensions-crisis-Only-if-youre-middle-aged.html
Some very good and valid points in the article, having dependant kids going into retirement would be a big concern, people are having kids later in life now, a knock on effect from people concentrating on their careers and not getting a mortgage until later in life, both of which will strain on the finances later on in life. From a personal standpoint I think saving for your retirement is key, but easier said than done.
