Hi there soon to be voters. Here we have another nutritious mind meal of political opinion and parent pummeling. If ou want to know why Neil thinks you should vote on grounds of age rather than party loyalties, then read on about your fat pig greedy parents and all the shit you are going to have to do for them in 20 years.THEY BUY NOW.
WE PAY LATER
The difference between Them and Us is clear. Theirs was the most prosperous and privileged generation of all time. And ours is one of the most indebted, facing a future of almost certain gloom.
The income gap between the middle-aged rich and young poor is now the widest since records began. Not since the Second World War has the government borrowed so much or our country been so heavily in debt.MAKE NO MISTAKE, WE WILL BE WORKING PAST RETIREMENT AGE TO PAY IT OFF, WHILE THEY CRACK OPEN THEIR NEST EGGS AND KICK BACK ABROADSeven out of ten people who will retire in the next five years expect to spend some or all of their capital on holidays, cars and hobbies rather than save up a nest egg for their kids. You.THE TIME BOMB
The Baby Boomer time bomb is going to blow up in our faces, and we'll be left with the clean-up bill. This is what it comes down to: read it and weep.
1. Loads of Them – not very many of Us
The number of pensioners in the UK is going to engulf the population. Right now, there are 9.8 million pensioners living in the UK. Old age Boomers will soar to 16.1 million by 2032. Meanwhile, the number of people in the UK aged between 16 and 50 will fall by 1.5 million over the next twenty-five years.2. They're not going away any time soon.
Healthier lifestyles and improved medical care are delaying the inevitable like never before. On average men in non-manual jobs can now expect to live to nearly 80 and women until 83.3. There isn't enough money to go around
By the year 2030, the cost of elderly entitlement programmes will be about double what it is today. There simply won't be enough working adults to cover the national pension and healthcare bill. And they haven't set any money aside to make up the difference. The current deficit for public sector pensions is approaching £1 trillion.4. Someone's got to pay
There are three options. We could borrow more money (and let our children pick up the bill). We could pay double the tax we do now (and live our adult lives in poverty). Or we could halve our parents' pensions and healthcare (and watch them rot). Unless we come across an almighty pot of gold, one of these options is going to become reality. Surveys show that affluent Boomers are more interested in spending their money now, rather than saving for their own care. And 20 per cent of them have no private pension and plan to rely entirely on state handouts. But why on earth should we work our fingers to the bone to support people who were too selfish and short-sighted to look out for themselves?THE FUTURE IS BLEAK
IT'S ALL THEIR FAULT
WE'VE GOT TO DEAL WITH IT RIGHT NOW
WE PAY LATER
The difference between Them and Us is clear. Theirs was the most prosperous and privileged generation of all time. And ours is one of the most indebted, facing a future of almost certain gloom.
The income gap between the middle-aged rich and young poor is now the widest since records began. Not since the Second World War has the government borrowed so much or our country been so heavily in debt.
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The Baby Boomer time bomb is going to blow up in our faces, and we'll be left with the clean-up bill. This is what it comes down to: read it and weep.
1. Loads of Them – not very many of Us
The number of pensioners in the UK is going to engulf the population. Right now, there are 9.8 million pensioners living in the UK. Old age Boomers will soar to 16.1 million by 2032. Meanwhile, the number of people in the UK aged between 16 and 50 will fall by 1.5 million over the next twenty-five years.2. They're not going away any time soon.
Healthier lifestyles and improved medical care are delaying the inevitable like never before. On average men in non-manual jobs can now expect to live to nearly 80 and women until 83.3. There isn't enough money to go around
By the year 2030, the cost of elderly entitlement programmes will be about double what it is today. There simply won't be enough working adults to cover the national pension and healthcare bill. And they haven't set any money aside to make up the difference. The current deficit for public sector pensions is approaching £1 trillion.4. Someone's got to pay
There are three options. We could borrow more money (and let our children pick up the bill). We could pay double the tax we do now (and live our adult lives in poverty). Or we could halve our parents' pensions and healthcare (and watch them rot). Unless we come across an almighty pot of gold, one of these options is going to become reality. Surveys show that affluent Boomers are more interested in spending their money now, rather than saving for their own care. And 20 per cent of them have no private pension and plan to rely entirely on state handouts. But why on earth should we work our fingers to the bone to support people who were too selfish and short-sighted to look out for themselves?THE FUTURE IS BLEAK
IT'S ALL THEIR FAULT
WE'VE GOT TO DEAL WITH IT RIGHT NOW