07-02-2014, 06:14 PM
11
Re: Income
Did anyone see that programme telling today's young people that, to get a living Pension, just how much they needed to save and for how long?I only caught the end of it but wasn't it something like £250 per month - for 40 years?
The looks on the faces said it all to me. stevmk2
07-02-2014, 10:50 PM
12
Re: Income
Originally Posted by stevmk2
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Did anyone see that programme telling today's young people that, to get a living Pension, just how much they needed to save and for how long?I only caught the end of it but wasn't it something like £250 per month - for 40 years?
The looks on the faces said it all to me. stevmk2
In practice I live on a lot less than they claim I need and I can't spend the amount I get even with a couple of long overseas holidays as well as domestic holidays. As we have discussed elsewhere my savings are ridiculous for someone retired. I can't even give it to my kids until my demise (Australia has no death duties).
Don't believe them.
25-03-2014, 04:06 PM
14
Re: Income
I only caught the end of it but wasn't it something like £250 per month - for 40 years?The looks on the faces said it all to me. stevmk2[/QUOTE]
Could you imagine someone saying that to you back in the swinging sixties?, the work was plentiful then and you could walk from one job to the other. £250 in 1960 is equal to £4,500 today, my wages in 1964 was about £10 per week, no use at maths but it would have been a fair whack out of my wages, glad now I had a great time on me few bob.
It wouldn't surprise me if a lot of frightened youngsters started 'Saving up to die' as my father used to call expensive life insurance. I wouldn't like to be a youngster today, we didn't leave them a better world in my opinion, greed seen to that.
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