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Reply | Dear me
at 16:34 24 Sep 2026
Cheers.
I feel I've been lucky.
I did some hard stuff. First person in my family to go to University, trained in Swansea so I could work part time and not build up a big debt, moved 260 miles away for better job opportuities and worked pretty hard to rise up the ranks a bit.
I did have advantages that young people don't have now.
- I was the last year to have a student grant. If I remember it was just shy or £2000 a year. Enough with part time working to not have to take out loans for living expencses.
- No tuition fees. I dont think I coulfdhave gone on to further education the costs involved now
- Bought my first flat at 22. At this time you could get 100% motgages to get you on the ladder. As someone without the bank of mum and dad this was amazing.
- Also that was just before the housing boom made prices fly. Allwed me to by a small house at 27.
Ive worked at it but as you can see, a lot of luck. |
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Reply | Dear me
at 13:40 24 Sep 2026
I'll finish at 60 with 38 years in the bag. Theoretically I could go earlier but its not really feasable as even going a year earlier hammers the pension.
I won't stop then though. I'll be looking to work part time. Maybe not to 68 but certainly for a few years. |
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Reply | Dear me
at 13:37 24 Sep 2026
Then he's done fantastically.
Average age for buying a first property in in the UK is 32 so he's well ahead of the curve. [Post edited 24 Sep 14:06]
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Reply | Dear me
at 13:34 24 Sep 2026
Yes, but at least they do have options due to the assests.. |
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Reply | Dear me
at 13:03 24 Sep 2026
48 |
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Reply | Dear me
at 13:03 24 Sep 2026
Those should be targetted too.
We just need to look at the right people i.e. not the 30 odd % who are working but still need benefits. [Post edited 24 Sep 13:35]
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Reply | Dear me
at 12:12 24 Sep 2026
All I'm really saying is the Triple Lock is unsutainable. |
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Reply | Dear me
at 12:10 24 Sep 2026
Maybe it shoild be means tested, then? |
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Reply | Dear me
at 12:09 24 Sep 2026
I dont think we can ignore housing.
This also from the ONS puts the difference in stark relief.
"Median household wealth was 33 times higher among households with a head aged 65 to 74 years, compared with households in which the head was aged 16 to 24 years. Median household wealth gradually increased with age, from £15,200 for households with a head aged 16 to 24 years, to a peak of £502,500 for households with a head aged 65 to 74 years. After state pension age, household wealth often starts to decline as pension wealth is used in retirement." [Post edited 24 Sep 12:09]
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Reply | Dear me
at 21:37 23 Sep 2026
Yet young people are told to roll their sleeves up (where lots of those manual jobs don’t exist any more), and stop buying things and save for their future.
Again, I have sympathy for those struggling on a state pension. Doesn’t change that pensioners as a group are the most well off in the country.
Why is is when we talk pensioners you default to those who has worked hard all their life and unfortunately still face poverty in their old age, but when it comes to young people you go for a work shy benefits scrounger? |
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Reply | Has Burnham focussed yet on the National debt?
at 21:05 23 Sep 2026
Easy credit is a problem, I agree.
The big problem is housing. Max’s 1983 example (and I’m in no way disparaging how hard he worked or sacrifices he made) was at a time when houses were 3x the average wage. That figure is now 7 times.
Realistically without the bank of mum and dad, home ownership for many is a pipe dream.
It must feel pretty hopeless at times. |
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Reply | Dear me
at 20:45 23 Sep 2026
My point was I want using pensions as as example of wasted cash.
More that the 4 billion seems more significant if you take pensions out of the welfare conversation. |
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Reply | Dear me
at 20:44 23 Sep 2026
Initially, looking at the triple lock. |
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Reply | Has Burnham focussed yet on the National debt?
at 19:38 23 Sep 2026
Nobody is saying you didn’t.
I’m saying the demographic of pensioners you supported is very different to where we are now. Needs to change.
We need to address the benefits culture too but both things can be true. |
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Reply | Has Burnham focussed yet on the National debt?
at 18:28 23 Sep 2026
My pension was changed from final salary to career average in 2015. My state pension age is now 68.
I think there’s a difference between no annual increments and realigning the triple lock which is way over the working person wage increase rate. [Post edited 23 Sep 18:29]
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