Originally Posted by ShyTorque
The 9.5% mortgage rate ...
I remember those! 'Twas 9.3% for us. "The lowest you'll ever see" they said, "Borrow as much as you can at that rate" they said. Good thing we didn't. When it went up to that 15% they were all crying 'negative equity' while we just had almost all of our 'spare' take away. But then we were saving all we needed in those days for our pensions, those gold-plated 'final salary' pensions that would leave you living in luxury in retirement at 60. Yes, those same 'final salary' pensions that are now crashing down around everyone or being shut early so that the remnants of pensions won't have you living in any of that luxury. And then you've got to stop working a year before you can get your State Pension. And those who were in nappies while you were helping to establish the jobs that they enjoy now (by being in work and helping those airlines to survive to now) want to push you out a year before the State will give you a pension. Ungrateful brats! Watch, they'll be pushing very vociferously for a much, much later retirement age when their turn comes!! Well, I hope that the br@ts that follow
them object just as strenuously to them wanting to stay on!!