Shannon B

@dstephenh99 @mandotheway100 @Jenny_1884 The state pension is based on contributions, full contributions = full pension payment (although that is going down). That's the deal. Anyone who has full contributions, aka 35years, gets a pension regardless of their income when working.

@mandotheway100 @Jenny_1884 At this stage I think the state pension collapses before I get there and would love the money to invest privately. The state pension isn’t an investment pot though, it’s a pyramid scheme. The money you paid was spent as soon as it hit the exchequer

Just remember after pensioners finished working hard all their working lives in order to receive a paltry small pension, these same pensioners are now helping to look after their own grandchildren free of charge so their children can work & not have to pay for childcare. Also these same pensioners are helping to look after their own elderly parents as they are living much longer. So to all these people out there that keep moaning about pensioners, they are still doing their bit to keep this country going.

@StoneAgeDodger @2LivesCid £5.50 a day for each day for someone who works 20 days a week = £110 a month. Over 5 years that comes to £6600. Now do the same with lunch vs packed lunch and bottle of soda vs multipack and soon you can save £10 per working day. That's £200 a month. It's not fantasy.

@2LivesCid Giving up a daily £5.50 coffee to save up for a 220K house deposit of 5% will take over 5.5 years. Just saying your post is mostly based in fantasy.

I remember when a coffee cost 25p in the local spit and sawdust cafe The young today are happy to pay £5.50 for a hazelnut latte in Starbucks than save up to buy a house. Thick as pig mince..

@turnbullissimo @exRAF_Al I'm Gen X and I didn't get totally free Uni, had a loan. My parents who are boomers didn't go to University. My Mum who passed the 11+ exams didn't actually go to Grammar school as the family couldn't afford the uniform. I only personally know 1 boomer who went to Uni.

@exRAF_Al Did you get free uni?

I bought my first home in the early 90s, the mortgage absorbed half of my salary. I had a number of young children, and part-time jobs. I couldn’t afford a car big enough to put pushchairs in. What I didn’t do was sneer about the generation before me. They had also grafted.

@Azul_76 @Anonotabot @SandyofSuffolk 👌

@AlbertWinWin @Anonotabot @SandyofSuffolk Where did I say don’t try? So much preaching needs a little more realism

You can buy a nice little house like this in Suffolk with a 5% deposit of £6,000. Nationwide, Barclays and others are offering good deals for first time buyers with only a 5% deposit. But then you'd have to forego your gap year in the Far East and Antipodes or your fancy wedding. Poor you. Boo hoo. 🤣

@Azul_76 @Anonotabot @SandyofSuffolk What is your point? Don't try because house prices might rise? You can have £6000 in 5 years or £0 in 5 years. Make your choice. Everyone who has saved up a deposit in the last 30 years has done so in a rising market.

@AlbertWinWin @Anonotabot @SandyofSuffolk Do you think in five years time the amount of deposit required will still be £6,000?

@og_69x @BruceHBond @SandyofSuffolk Why the drama? I used to live in Chester and travelled to London, even that only took 2hrs20mins. I don't know where people are commuting for 8 hours a day are travelling from for their 'career' except in your head.

@Longtallhel23 @BruceHBond @SandyofSuffolk You've conveniently ignored the point about people and their careers though, is it feasible to commute 8 hours a day, yes or no? 🫵🏼

Excuse after pathetic lame excuse. These youngsters want everything for nothing.🙄

@Anonotabot @SandyofSuffolk That is where I started. On warmer days I walk and don't get the bus (£1.75 each way).

@Anonotabot @SandyofSuffolk People make cuts of their choosing if they want to and can. I have a mortgage but want to pay it off in the next 7 years. All my spare cash goes towards that goal. I looked at my spends and saved £10 a day. I get off the tube outside of zone 1 and walk, no coffees, packed lunch.

@Anonotabot @SandyofSuffolk £6k can be saved with £100 a month for 5 years. Or if part of a couple £50 a month each for 5 years. Even better if a couple can find £100 a month each then 2.5 years.

@SandyofSuffolk Yes because they can easily save up 6 grand while paying extortionate rents,council tax,petrol and food prices Sandy… Fuck all the way off Boomer.

@Chaosx_chaos @THEREALWARDINO @Tekeee When I was in my 20s I shared with friends. At 26 I moved in with my boyfriend in a rental. My parents (Boomers) worked in the hotel industry and lived in staff rooms on the premises. My granddad worked on the railways and had lodgings with an elderly lady.

@THEREALWARDINO @Tekeee Most generations didn't "need to get roommates", why should you live with strangers to get a place? Your parents didn't. Your parents parents didn't.

Rent for one bedroom is $1,700. That means you need over $4,600 a month just to qualify. Show me the 24 year old making $71,000 a year for a starter apartment. I’ll wait

@pharo12g Gen Z have had the best childhood of any generation. They now realise they can't keep themselves in the way their parents did, and yes it takes some graft over a period of time to do achieve that.

@0xleegenz GenZ wants the life of their parents without having to work and sacrifice the 30 yrs to get it.

GenZ is looking at 600k+ houses for 20k cars, a degree that puts you in debt for a job that pay 45k All to being told this is normal

@narindertweets @AndrewYesudian @SuellaBraverman @ZiaYusufUK We literally have churches dating back to the 500AD. Some of the greatest architectural buildings are churches and over hundreds of years old. If you ever need to trace family history people consult parish records. You clearly do not know about British culture at all.

@AndrewYesudian @SuellaBraverman @ZiaYusufUK Bs Less than 6% attend church

Does this mean @SuellaBraverman & Mohammed @ZiaYusufUK will be converting to Christianity? Secondly - Less than half of the UK identify as Christian, and those that do are boosted by immigrant Christians. And finally- Jesus was a refugee

@braincell2yona @dnglos @Landeur Pensioners are entitled to a state pension if they have contributed for the required number of years, that is the model. Contribute for the required number of years and you qualify for the pension. Participation is rewarded.

You’re on benefits. It’s just that it’s acceptable because you’re old. Same as someone with MND is on benefits, but we don’t mind.

@PT_Analyst @EnolaJon Current model values time contributing to society and not the wage level. To do what you propose would widen retirement inequality greatly. People like carers, parents who have had leave to raise children, or lower incomes would be disadvantaged.

@EnolaJon We should have a referendum to confirm that pensions are things that have been paid for not a benefit. If passed pensions should be calculated for each individual based upon the exact sums paid in

Boomers refusing to believe the state pension is a benefit and keeping up with this nonsense that they “paid into it” is surely one of the worst bad faith arguments of recent time

@RobR44133618 @EnolaJon Exactly this Rob R. It was never sold as a 'personal pension pot'. The deal was that if you paid 35yrs contributions you would qualify for the state pension when your time came to retire.

@EnolaJon That is not what I said. It was sold as a pooled, not an individual, scheme. Nor was it sold as a fund. We knew it was paid from current taxes. It was a contract between citizen and state. Like the NHS. In both cases you pay the taxes when you can, you get the benefits upon need.

@EnolaJon @OAPJo No, pensioners don't believe that. What they mean is that they have paid 35yrs contributions which was the deal.

Do idiots like @OAPJo *really* believe they paid into a little personal state pension account over time which they can then draw down on when they hit retirement age? Your pension is funded by those currently working. It’s always been the case!

@flyfour @WardProWords @MannyooNic The original poster says that they had a house - not rent to parents and were also paying council tax, water, electric bills etc.

@WardProWords @MannyooNic This. I earned about the same, after tax maybe £580 a month. £200 rent to my parents (also covered food), £150 for my car loan, £50 for Petrol, £75 for car insurance. I had a hundred quid left for everything else, entertainment, lunch, clothes, medicine!

@MannyooNic Things that never happened. This is not true. Nobody earning £650 a month after tax in 1999 was comfortable owning a house, a car and all the other bills you mentioned.

@Alanheyalan @Tenaciter @CallumLyon University was free but the people who attended were normally the elite and went to private school. Most people from a working class background had to go to work to support the family. People started work at 12-14yrs. Very few Boomers went to Uni, a lower percentage than now.

@Tenaciter @CallumLyon Free education? My degree was 3.5k a year and that was before the insane tuition increases. My boomer parents were the generation that got free degrees.

"Why don't you just save for a mortgage, it's cheaper than renting" Okay, here we go... As a single person in The UK this is the situation for a lot of people. Most people in The UK are on minimum wage and full time monthly wage after deductions is around £1700 Rent: £800 (this is the very low end), Council Tax: £190, Electric: £80, Water: £40. £590 left. Just to live somewhere. Food: £250 a month and that's been generous. £340 left. Car insurance and fuel for getting to work: probably another £200. £140 left Phone bill: £50. £90 left WiFi to make life bearable £40. £50 left. This is best case scenario, you have no unexpected bills or things to pay out. So say you have £50 left to save every month, that's £600 a year. You probably still wouldn't have a deposit in 20 years. Apparently we've got it easy though, says a generation who could buy a house and raise a family from a one income minimum wage job. We live in a country where minimum wage doesn't even meet minimum living requirements. We're done.

@TwinkyBinky101 @wazza6242 @CallumLyon Ok, well yes, your are right, aiming for a better paid job is what an idiot would do.