Originally Posted by
olster
Please enlighten us as to how ‘boomers have a lot to answer for’ when they have contributed tax and NI for a career lifetime generally 35 years or so in order to receive the worst state pension in Europe. Utter unmitigated bollox.
Sorry, the FACTS don't stand up to the above.
You will have paid on average, as a percentage of GDP, far far less than what future working generations are currently and will pay. Typical boomer paid in the region of 4-7% of GDP maximum during their working lives. Look at what future generations are now facing due to you lot, insisting on triple lock protection of the state pension, despite seeing the biggest growth in net wealth of any other age demographic in our society and owning the majority of property wealth. The current level of pensions spending isnt covered by NI and income tax combined. Plus, you will retire likely 5+ years before the current tranche of middle aged working people will, whilst the rest of us will be worked to death into an early grave to pay for what you think you deserve.
Bearing in mind UK military spending is actually under 2% of GDP, education slightly more, infrastructure far less, your generation are bleeding the country and the future wealth providers dry. Simply put, you didn't put enough in the pot to pay for your current demands.
Not to forget that despite benefiting from EU membership most of your working lives, decided as an age group to screw later generations further by voting for Brexit. With the back up of final salary pensions and a gold plated state pension which means you have no concerns for what the drop in national income will have for unemployment, professional development and future social care.
Thanks a lot.
