Quote:
Originally Posted by Trip
Private pensions don't stop people claiming a state pension as they paid in for it. Sadly these contributions weren't saved and invested to be paid out when people retire, they were spent - and more- so current taxes paid now pay for current state pensions.
Boomers may have paid in but the money was spent and now with life expectancy increases so the need for certain levels of working population to continue paying. The whole system is not that secure.
I do wonder who raised and parented these terrible millennials that people complain about or is it just that same old generational conflict complained about as far back as the ancient greeks?
People (including me) have run out of CBB discussions for now?
|
What pension system is secure, even private, Carillion, BHS, Daily Mirror, no guarantees anymore.
How the hell did we get onto pensions
