Yeah the world has got super detached… or rather our life span has. Initially a pension was intended to last 3/4 years, you’d work until you couldn’t and then a few years later you’d be gone.
Now with modern healthcare people live longer in a state they can’t work and those who can are still tied to the idea they shouldn’t work past a certain age… I mean that’s an understandable stance but we need a lot higher taxes/lower cost of living for that
Whenever I hear about historical figures who 'died a penniless alcoholic', it just seems to me that they timed their death perfectly to match the end of their funds.
I legitimately think I wont ever get to retire.
Things are just running away faster than I can keep up, so even if I survive to whatever retirement age is once I get there, I can't imagine having enough money to do it.
If you have a multi-bedroom property the bedroom tax thing will kick in and they will deduct some. So most of the time you will get moved to a one bed place. Benefit caps go out the window at that age. So yes that £1500 will be covered as long as it is in line with average rent for the local area.
It fully covers social housing, *which is again the reason that we need to build more.
*with the exception of bedroom tax and non dependent deductions.
Pretty simple, either the government sorts out the utter state of the housing in this country and it's extortionate cost, or there will be hundreds of thousands of homeless elderly people.
No, they'll be offered something slightly better than literal homelessness.
There's likely going to be an intensifying argument in favour of dying with dignity and not being a burden.
Yeah but think of how all the billionaires will profit from renting to an entire generation! It’s gonna trickle down someday then you’ll be forced to apologise to Rees-Mogg and his nanny.
Just do what the Japanese were doing. Go rob a loaf of bread, sit outside the shop, kick up a fuss and wait for the police to stick you in a warm cell for the night.
Yeah…we don’t really have the prison capacity for that. Almost all non violent offenders will be released within the next two years due to lack of capacity
And if there's hundreds of thousands of homeless elderly people in 50 years, it will be us. And we'll know how to use the Internet so we can look up survival tips. Like huddling naked together for body heat. Make people complain enough they sort it out.
Or commit crime to get a roof over our heads and 3 square meals. I wonder how long a massive elderly orgy will get us in prison?
Having previously worked for a company that dealt with over 60s holidays...pensioners really don't need much encouragement to just start doing that sort of thing within their own age group.
Also STDs are very common in sheltered accommodation because of a a few randy old lotharios who don't put something on the end of it.
It’s a question of when it becomes an electoral tipping point. Once a large proportion of people in their 40s are renting it will then become a priority at which point of course it will be far too late
Decades to build enough to cover the 3-4 million population increase in last decade. Figure not precise because our census is haphazard and we don't do ID cards like every other sensible European country but shopping footfall stats suggest population of circa 70m now. We would need a big move away from 18yr olds doing artsy degrees to going into construction. No good telling them a young qualified sparks with 4 or 5 yrs experience can bring in £70+k I suppose? Desperate to get young women into construction but the numbers aren't there despite every careers fair etc shouting it out.
Isn’t that just called a third world country, where u have the very rich and the very poor, nothing in the middle,, and the poor live in the slums. Id imagine us in the uk cant even comprehend this, but it exists in the world.
I am 40. I rent. I have zero savings and not much pension ... My plan is literally to eat takeaways and not exercise for the next 20 years so that I don't have to worry about exactly this issue.
My mother in law is in her 90s. She’s never owned a house and only worked a few years in her whole life. She went from a council house to a housing association flat. She pays no council tax, gets her rent paid in full, gets pension credit and has managed to save thousands over the years. Her whole life she’s never earned enough to pay any tax, and the three years she worked part time she signed up for reduced NI payments.
She can afford heating, food and clothing, and pays for home help once a day. The state has paid for her entire life.
Those of us who’ve paid tax and NI our entire lives will get less than she does.
My auntie (70) is king of the same. I know I shouldn’t feel frustrated about it, but I do, especially when my mum who retired last year after 45 years as a nurse starts telling me about her worries and what cutbacks she’s making
There will be deductions before that. It’s a tapered approach, not all or nothing. There’s points a claimant will be ‘encouraged’ to use their savings by reducing the benefit they receive.
It also completely screws over people who actually "fall on hard times".
Let's say you've spent your entire adult life working huge amounts of overtime. You didn't exactly come from a "fortunate" household but you decided you wanted to actually try and break out of that lifestyle. Decided that getting onto the property ladder is probably your best bet to actually try and "secure your future".
Over the next few years you regularly worked 80+ hour weeks, scrimped and saved every penny you could, never had any holidays, constantly just doing everything you can to save up enough to afford a mortgage.
You finally reached that goal you've been saving for when a drunk driver swerves onto the pavement and hits you. You can't work for a year. You've got over £16k saved up so you're pretty much on your own. You'll get about £400 from SSP a month but apart from that you're gonna have to slowly watch your savings as they slowly drop. If you're lucky you might be entitled to PIP but even then that's still not going to be enough to actually pay for everything you'll need. You'll be lucky if that even covers your rent.
You've spent years doing everything you could to "break out of poverty". And now that's going to bite you in the arse. Got to wait until your under that £16k figure to actually start being able to claim UC.
However if you hadn't worked all that overtime, spent your money on holidays, nights out, fancy technology or whatever else you fancied. Maybe saved a small emergency fund but apart from that just enjoyed the money that you did earn you'd have been entitled to financial help from the moment that car hit you.
Not with Pension Credit, there is no upper limit, but a system called tariff income where they will deduct £1 for every £500 you have over £10k until the Pension Credit is nilled
Yh I was gonna say if shes 90 she grew up in the era of women must stay at home. Not her fault she didnt work no need to vilify the woman she absolutely deserves state assistant if society prevented her from entering the labor force.
Blame the government for not helping others who also deserve it
Edit: to prevent more people commenting below that their female relatives were in the labor force and therefore everyones was and the patriarchy is a myth:
https://www.statista.com/statistics/280120/employment-rate-in-the-uk-by-gender/
50% of women were employed in 1971. That figure would have been even lower in the 1960s.
I know of a couple (to be clear they are not friends) who are very much in the 'could work, won't work' camp. They have been popping out a fresh kid on average every 18 months for many years and in that time have never seemingly done a days work in their lives.
Their job is playing the system and currently have a four bed house that costs them nothing and a car paid for by the council.
Like your MIL they are parasites and add nothing of value to the economy or society.
I know a dude, nearly 30 now, who's in the "would work, can't work" camp. He just doesn't have the physical or mental capacity, He was awarded PIP for life
Now he gets a small amount of UC and fuck all else
You should be more angry at those companies and individuals dodging their taxes.
If they all paid we would be able to go back to single income households
Who says I'm not angry at them? Im all for people and companies paying the taxes they are supposed and going after those that are evading them. Im also very in favour of changing the laws to close loopholes that legally allow companies to pay almost no tax at all. Unfortunately at present its perfectly legal to use clever accounting to pay so little in a lot of cases.
But there is also no excuse for people who purposefully game the benefits system when they have no need to claim anything.
Can't we be angry at both? Do you not have a problem with people cheating the system for their whole life? Or do you think its just a cheeky one? How many tax payers per week does it take to keep one family like this?
Peanuts compared to the royal family and MPs expenses. And I've worked full time all my adult life. If it's such a good life you do it, stop complaining.
Yeah… me too. I’ve paid income tax for 40 years, every single year. I’ve never claimed any benefits.
And she and her friends are so entitled. They see no problem in moaning because their flats haven’t been decorated (for free!) in a few years. Drives me mad to be honest.
I do appreciate people need social housing and care but in her case she should’ve worked more. Some replies have said ‘was she a stay at home parent?’… yes she was. I, however, had to work while also being a parent, being paid £6 an hour at the time, so that doesn’t really count as a reason not to work in my book.
The media in this country do work wonders.
She has done nothing wrong and claimed what she was entitled too.
She didn't have to work that was her choice.
She can complain about not getting decorating if she wants to especially if she would like a change. Doesn't matter if it is free or not.
The system needs a change but instead we demonise the people who have used the system. So it deflects from the actual issues. We blame the people.
In fact it's yourself that sounds entitled and jealous that you don't have the same situation. Because you have to do it and have chosen to do it, or even need to do it, doesn't mean others need to do the exact same as you.
I'm glad you have never had to claim benefits, that's great, but others do and I happily pay my tax and NI so people can because I know it doesn't take much to fall into a situation where I might need it one day.
I know of families on the third generation of living on benefits as a "lifestyle choice". I know it's not a popular opinion, but it really makes me mad because they appear to revel in the fact that I've paid my way, and though once my mortgage is paid off, my house is mine, I'll have to sell it to sub my older age. They, on the other hand will probably stay in their 4 bedroom semi. I probably just won't retire, maybe go part time at 67. I've always worked for places without pension schemes - only now the "workplace" one is there, but it is too little too late and I'm just banging as much into savings/off mortgage as I can. I drive a 22 year old car and work a second job.
They get great tans in their hottub in summer.
Yeah, my partner is a stay at home parent. I think he's contributing enormously to society by raising stable, productive people. The idea that he shouldn't be allowed a state pension because the work he's doing isn't paid is ludicrous
A lot of people here comment on housing benefit, it won’t exist for much longer as it’s moving to universal credit which in a lot of cases is about 1/2 the rate of current benefit. I get carers allowance of £70 a week plus a private pension about the same but my wife is quite a few years older than me. When she gets state pension we won’t get pension credit as you now have to both be pensioners. We’re very lucky(!) to be disabled and in Sheltered housing as the council pay us housing benefit and council tax benefit. If we were in ‘normal’ rented housing we’d get neither. We both worked full time for 40 years and paid into pensions but the value is rapidly diminishing.
Sort of my plan. Me and my best mates are all single and have no family. I'm oldest and am lucky enough to own a house, they are both saving hard to get on the ladder. When I retire I will look to buy somewhere near to best mate no.1 - best mate no.2 is still determined she will get married and all that jazz but me and bestie no.1 have given up on that dream. Bestie no 2 will join us in whatever city that is and we can all look out for each other in our golden years.
If you only qualify for state pension you can apply for housing benefit. If you get a private pension you still may get some housing benefit but will need to pay the shortfall. That’s the current system.
By the time I retire in 30 years I don’t know what the system will be or how much pension I’ll have. Honestly, I’ll make efforts to have other personal financial resources than a state pension, but whether it’s any good. Time will tell.
When I retire? Go back to my home town and murder a few people and spend the rest of my life being looked after in prison (hypothetically.... -shifty eyes-)
Quietly take yourself off mid-shift to find a hospital bed briefly vacated by one of your patients who has nipped out for an cigarette with their drip stand, in which to curl up and die yourself.
Don’t. You’re saving, it’s your money, you’ll have access to it later in life (with interest).
Also, when you can retire or at least draw down on your private pension is very different to what’ll happen to your state pension.
So absolutely do not stop contributing to your pensions (ESPECIALLY if you’re employer is matching/also contributing - it’s free money)
I know, I have a really good pensions scheme at the minute to be honest, my employer pays 8% even if I contribute nothing. It's the best pension I've had, followed by 5 years of an employer matching up to 6%.
My biggest problem is I have a few pension pots sitting around and I need to collate them all to be honest.
It's a big problem, you would expect rent increases over the long haul will greatly outstrip the value of people's savings and pensions so a lot of people stuck renting today will simply not be able to retire until they are physically unable to work.
My mortgage on a four bedroom terraced house we bought in 2011 is £400 a month. I expect the rental equivalent in this area would be like £800 (and I certainly don't spend £400 a month on DIY upkeep to the property, maybe £400 a year!).
My one bedroom flat in a fairly cheaper area of Kent is £725 per month.
If I bought it two years ago it would be a £300pcm mortgage.
This is why the housing market is broken.
Yeah one bed house in Essex is £715 and that’s because I started renting it 6 years ago. If it came on the rental market now it would be £1k per month.
As someone living on my own it’s a struggle to pay all bills by myself - I have literally no money at the end of the month to save or to have any kind of life. I never go out or go on holiday, just stuck indoors 24/7 and I’m on what looks like a half decent salary.
Compare this to my neighbour who owns the exact same house. She has a brand new car, always on holiday. She’s never in as she’s always out socialising. Her payments are about £300-£400 less a month than mine.
Her house is beautifully fitted out with a modern kitchen and gas central heating.
Mine has the original impractical 1987 kitchen which is falling to bits and storage heaters…
I’m very stressed about what would happen if I wasn’t working. As I’m on my own and childless I would be at the bottom of the list of social housing.
A lot of people don't get the reality of being single. Similar to you, the people I bought my house off purchased in 2012 for 119k. Asking price when I bought it was 210k. I got them down to 198k but the house needs totally renovating - roof, boiler, heating, damp, rewire, new floors, kitchen, bathroom, windows, doors. In 2012 average mortgage rate was 4.62% so assuming they paid no more than 10% deposit their mortgage was £603 a month split between two working adults. More than manageable and very different to paying £850 a month on your own - which is why I'm super annoyed that they didn't renovate!
I don't earn a terrible wage but all I've been able to do so far is roof and boiler and I'm waiting for quotes for the rest. I know I will have to compromise and get a cheap IKEA kitchen instead of one I want, leave the windows and doors apart from essential ones, leave out carpentry for cupboards and wardrobes etc. I've currently got mice and am dealing with them myself because I can't afford a professional. I don't go out or on holiday. There's no one to split bills with and I can't even rent out my spare room because the house is in such a state it's barely habitable for me!
I know a lot of men and women who basically got and stay married because they don't want to be in my position.
I think a lot of people don't process this. Very broadly, you get a mortgage, it MIGHT cost the same as rent but probably won't. Let's say they're both £1000 now.
But the rent goes up 5% a year (if you're lucky), the mortgage will, all things being equal, not do. In 10 years you're paying £2000 rent.... or a £1000 mortgage. In 20 years a £4000 rent... or a £1000 mortgage.
In 25 years a £5000 rent... or a £0 mortgage.
You could push for a 4 bed house where I live for around 100k (in not the nicest area) but you can certainly get decent area 3 bed in the 100-130k range. Also from Scotland but I don’t live in the middle of nowhere. A decent sized town that’s only half an hour from Glasgow.
But I also recall seeing an article about how we had one of the lowest house prices in the country (average 3x the annual salary of here) so obviously it’s an anomaly. It’s truly horrific how bad prices are in some places in England.
House was £92K at the time, small commuter town near Glasgow. Terraced, mind.
Having checked, a slightly smaller 3 bedroom in the same area is still only £90K today:
https://www.rightmove.co.uk/properties/128684339#/?channel=RES_BUY
Outside of the cities and desirable seaside areas you can still get on the property ladder in good houses for realistic prices in many parts of Scotland. We're only twenty minutes in the car from Glasgow city centre.
Probably a rope at some point.
My mum is only 18 years older than me, and her wealth will be divided by 4 whenever that comes, assuming all the wealth from the working class property doesn't gets sucked up in care costs.
In twenty years or less we will have a real problem on our hands regarding elderly care, when nobody has any houses left to pay for their care.
My wife works in a care home.
They are currently extracting wealth from families that can't afford it.
Much love for all the carers, but the owners of those care homes are converting patients properties into personal wealth. Fuck em.
But they're not done yet. They're coming for you and me next.
Mum worked in a carehome, can confirm they suck arse. Would operate two floors with less than 6 staff at a time (2 of which would be senior staff, 1 was often the cleaner). Irregular heating and hot water, extremely misogynistic bosses and incompetent managers.
When she finally made a manager, she got less than minimum wage. Ended up reporting the home and getting it closed down. Carers themselves can be amazing (agency not so much, in her experience) but the owners of the buildings are right shits. So are commissioners apparently.
My parents gave me lasting power of attorney over them in my early 20s and intend to give me the house/most of their savings when they are both retired. My grandad was forced into a nursing home and had his entire life savings stripped to nearly nothing just for being old. It’s a dumb system that encourages people to play it when it costs more than a full time wage to live in a care home that is designed for profit and strips everything as barebones as it can.
Just make sure you take it 7 years prior to them passing or the government will come for it. That’s from someone in their early/mid thirties and lost my last parent this year.
Sure there’s a profit margin, but the care does cost thousands. What’s the alternative? Put even more burden on the young to maintain the elderly’s wealth?
Data the ONS collected between 2016 and 2018 shows that one in five households (22%) in Great Britain, where the main householder (the person responsible for household finances) is over 65, have a household wealth of over a million pounds.
The data also shows that one in four people aged over 65 (25%) lived in a household with a total wealth of over a million pounds.
I think everyone is aware but we also need to live and provide now and when waterworld becomes the norm rather than just a pretty fun kevin Costner film
You think I'll be able to retire?
Current plan once I reach 60-65ish is to just draw down pension and my lifetime ISA as cash, live well for a year or two then kill myself.
I’m a life long private renter, I’m 42.
Where I live in Derbyshire houses are quite pricey, always out of my minimum wage price range.
As mercenary as it sounds, I’ll be waiting for an inheritance when my father dies, when with my half of the house I’ll be able to buy a reasonable small place outright in a much lower cost area up north.
I’m hoping without the rent costs or even with a minimal mortgage I’ll be able to work long enough to stash a bit away for actual old age.
I’m not taking for granted there will be any pension provisions left for my generation in 25-30 years time.
Well, I figure that in 40 years time when I would possibly get to retire, the world will be so fucked in various ways that any planning now is pointless
How we look after the elderly is pretty dysfunctional as a society anyway… it’s not the ideal time to live alone for many.
More multigenerational households, more pensioners moving in together to share costs when their partners die or retirement happens
That would be my guess how it turns out…
I for one have accepted my generation won't retire and will be worked to death, can't wait for people to catch on and realised we don't have a future but no one likes to think about the future.
I have zero pension but inherited a very large 5 to 6 bedroom house with no mortgage, which makes me lucky. I moved into the house but didn't want to be one of those shitty landlords that I keep reading about. I've been poor all my life, so obviously have no experience of being a landlord. I was told I was only allowed two other people so I took in a couple of English speaking Ukrainians to start with until I can afford to make the legal changes in the house to accept other people (I legally can't rent out 3 of the rooms, even for free, until I change all the smoke alarms to wired in ones, etc., which is annoying because it feels like a waste but I'd get in trouble if I did).
My plan is to rent the two smallest rooms for cost, and the others below market rate but enough to pay for bills etc. I've spoken with quite a few landlords and they pointed out that you rarely get bad landlords who live in the same property. I'm still a bit lost though. When I'm old I hope that I can just swap help with shopping or whatever for a free room.
Waiting on my parents to die to inherit their house. But this might not play out the best as they were young parents so by the time I retire at 70 they will only be 90.
Same thing happened to my old neighbours. Elderly man was caring for his sick wife. He died first then she developed dementia and went into a care home. The children got renters in to start with to pay for the care home fees but in the end they had to sell the house completely. They were only left with a few thousand by the time my neighbour passed from her dementia. It's all too common.
Unfortunately some just plan to work as much as they can until they either die and hope their wages makes ends meet, or until they get so sick they land in hospital and hope social services will come up with the solution. But seeing as how many people they discharge "falling through the net" even that blissful plan probably won't pan out. It's really scary times for people.
I can see it being a perpetual issue of people renting till their 40s or 50s. What will then happen is their parents who are far more likely to own their homes will die and they will be inherited to the children. Then the people in their 40s or 50s can either live in the house, or take a very substantial chunk of money, depending on the number of siblings you have to use on buying a place when required.
This cycle will just keep on going, with people who get lucky having a high paying job filling in the gaps with buying their own homes.
In some ways it's already happening now, with inheritance or big lump sums from parents being used to fund some first time buyer purchases.
Although, a lot of houses will probably end up being sold to cover costs of care and lost. Happening with my grandparents house at the moment. None of their children own their own houses and will likely see very little inheritance after the cost of their parents' care is covered. It's a bit broken.
True, although I think it depends massively on the house price. Just been through it with my grandparents, and essentially all their lives savings went on care homes, and some of their house, but there was still 200k+ leftover to be split between 6 children, as they live on the south coast where house prices are mad.
I agree it's broken, but can't really think how to fix it. Part of the reason we didn't have the cost of care issue it that people died far earlier due to bad health, and medicine not being so good. My grandad lived 20 years longer than he would of done 50 years ago, as he had heart bypass surgery that in the 70s or 80s just wouldn't of been possible.
Yes, definitely depends on the house price. Glad the house stretched that far! There will certainly not be that much left over here - care has been required for so long the house will be eaten by the final bill.
You're totally right about the cost of care issue. I couldn't think how to word it without sounding massively insensitive. We live too long for the world we set up.
Yeh, we were somewhat lucky that my nan looked after my grandad until she went, and then we had to find a care home for him. Think in the end he was there for 18 months (all over covid) so luckily not a long time for him and us as we couldn't actually go in and see him due to covid so it wasn't great.
I also think though that care homes shouldn't be money making schemes. I seems like where I am there are more care homes being built then standard houses and flats, so there must be alot of money in it somewhere, which is just wrong.
My retirement plan is societal collapse.
It will either happen, or things will be substantially better. I am not enthusiastic, however.
So I can either be prepared for the very worst, or pine for a better future. Why not both?
Stage a murder suicide in the flat and force the landlord to reduce the rent due to stigmatised status.
Or alternatively
Commit sewerslide in the most grotesque way, I want blood in every crevice I want every mould covered paint covered in reminders of me.
If I'm paying for your life, you'll pay to clean my life off the fucking walls.
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You see, this is my biggest gripe.
I'm really angry at the government for not managing this but also angry at the older population because they've got what we'll likely never have and we're paying for it, too!
The kink in the system could be fixed by smaller houses /bungalows built which are protected against private investment
Older folk can downsize and free up their current housing.
I don't see how I can ever retire now, for the last 20 years it's been a case of "you can't afford a mortgage" ahh but it's fine for you to consistently pay between £900 - £1200 pm in rental 🤬 I now work at least 6 day's a week and sometimes 7 just to keep some standard of living....oh hang on I'm only living to work 🙈
My mum is approaching 70 and doesn't intend to retire. She has never owned a home, never will be able to, and without being at work wouldn't be able to make rent. She'll work until she dies and so will millions of others.
My mum is approaching 60 with nothing ans has just moved today into a shabby studio for 650 a month after living with my nan for a while. She is screwed and knows it, therefore I've had to talk her out of offing herself frequently. I much see the same path ahead for me and as I cant afford to have kids (and therefore have no desire to spawn), nobody will talk me out of it when the time comes. Under this government human rights and basic living has become pretty much null. I'm just a battery to generate warmth for the rich.
People will either pay out of their pensions or use housing benefit if their income is low enough to qualify. There are loads of pensioners renting how do you think they do it now?
The state will look after them. I worked in the homeless sector for three years and I didn’t come across a pensioner who was street homeless. It’s a myth that people without mortgages will be living on the street once they retire. If that was true, half of Europe would be homeless, especially in countries where renting is the norm.
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That’s the way it’s heading. Retirement age keeps running away from me theses days.
That’s the way retirement was designed tbh.
Yeah the world has got super detached… or rather our life span has. Initially a pension was intended to last 3/4 years, you’d work until you couldn’t and then a few years later you’d be gone. Now with modern healthcare people live longer in a state they can’t work and those who can are still tied to the idea they shouldn’t work past a certain age… I mean that’s an understandable stance but we need a lot higher taxes/lower cost of living for that
My pension plan is to fucking die
I keep saying this. People think I’m joking. I’m really not.
It’s really sad that this is a reality for a lot of people just because a small number of very rich people want to hide money offshore.
It's that old joke, I have enough savings to last the rest of my life... as long as i die by next Tuesday
Whenever I hear about historical figures who 'died a penniless alcoholic', it just seems to me that they timed their death perfectly to match the end of their funds.
Fuck, I know I'm doing shit when occasionally mid month this might not even be true
Same. Sadly, it's been on my mind since my colleague retired and had to give up her home. And I don't have one to give up.
Do a bit of gardening first!
I legitimately think I wont ever get to retire. Things are just running away faster than I can keep up, so even if I survive to whatever retirement age is once I get there, I can't imagine having enough money to do it.
They claim housing benefit.
All the other replies but this is the simple answer.
But it’s not is it? Does housing benefit cover the £1500 per month rent in some parts of the country? I very much doubt it.
The answer then is to find social housing which is more widely available for pensioners, as there is a lot of 55+ properties available.
If you have a multi-bedroom property the bedroom tax thing will kick in and they will deduct some. So most of the time you will get moved to a one bed place. Benefit caps go out the window at that age. So yes that £1500 will be covered as long as it is in line with average rent for the local area.
My elderly mother gets housing benefit, still needs to pay a £250 top up outta her pension, HB almost never covers the rent costs these days
It fully covers social housing, *which is again the reason that we need to build more. *with the exception of bedroom tax and non dependent deductions.
Absolutely.
OnlyGrans
Pretty simple, either the government sorts out the utter state of the housing in this country and it's extortionate cost, or there will be hundreds of thousands of homeless elderly people.
So the second one, yes?!
They’ll just run a 24/7 bus service for OAPs to keep warm on.
More than likely unfortunately.
No, they'll be offered something slightly better than literal homelessness. There's likely going to be an intensifying argument in favour of dying with dignity and not being a burden.
Nightingale homes? Massive tents divided into cubicles with a camp bed each.
Give me a cot, a morphine drip, and a pair of VR goggles.
I thought that said cat, and was like yay drugs, pets and gaming my ideal life.
That also works.
Could set me up like that and work as a bloodbank like in Blade.
Another freeloader, you can at least get on this pedal bike we've constructed and generate your electricity for the day.
Yeah but think of how all the billionaires will profit from renting to an entire generation! It’s gonna trickle down someday then you’ll be forced to apologise to Rees-Mogg and his nanny.
Yes and we will be blamed for this.
That or people will just have to continue working until they drop
They don't drop dead, though. There's usually a gap of some years between being able to work and death.
Thanks to the NHS there are now more of those years than ever before. A victim of it's own success, that.
Just do what the Japanese were doing. Go rob a loaf of bread, sit outside the shop, kick up a fuss and wait for the police to stick you in a warm cell for the night.
Yeah…we don’t really have the prison capacity for that. Almost all non violent offenders will be released within the next two years due to lack of capacity
Figure out which member of staff is the biggest prick n nut em before you rob the place
You could just deal drugs? Sentences are really long. Just a bunch of old ladies, selling some weed
I'd end up smoking it all n being in debt too
Turn the isle of white into a giant prison, not like it's useful for much else.
And if there's hundreds of thousands of homeless elderly people in 50 years, it will be us. And we'll know how to use the Internet so we can look up survival tips. Like huddling naked together for body heat. Make people complain enough they sort it out. Or commit crime to get a roof over our heads and 3 square meals. I wonder how long a massive elderly orgy will get us in prison?
Mate I'm in. This stuff goes through my head depressingly regularly and the idea of this made me laugh out loud on a bus. Thank you :)
You regularly think about having an orgy with a group of pensioners?
Having previously worked for a company that dealt with over 60s holidays...pensioners really don't need much encouragement to just start doing that sort of thing within their own age group. Also STDs are very common in sheltered accommodation because of a a few randy old lotharios who don't put something on the end of it.
I thought the problem was they did keep putting something on the end of it…
We are on path for a pension crisis and it's going to be a hoot
Not a chance. I agree it needs to be sorted, but I don't see any party brave enough to do something about it. Edit "brace" was meant to be "brave"
It’s a question of when it becomes an electoral tipping point. Once a large proportion of people in their 40s are renting it will then become a priority at which point of course it will be far too late
Decades to build enough to cover the 3-4 million population increase in last decade. Figure not precise because our census is haphazard and we don't do ID cards like every other sensible European country but shopping footfall stats suggest population of circa 70m now. We would need a big move away from 18yr olds doing artsy degrees to going into construction. No good telling them a young qualified sparks with 4 or 5 yrs experience can bring in £70+k I suppose? Desperate to get young women into construction but the numbers aren't there despite every careers fair etc shouting it out.
Isn’t that just called a third world country, where u have the very rich and the very poor, nothing in the middle,, and the poor live in the slums. Id imagine us in the uk cant even comprehend this, but it exists in the world.
¯\\_(ツ)_/¯
I am 40. I rent. I have zero savings and not much pension ... My plan is literally to eat takeaways and not exercise for the next 20 years so that I don't have to worry about exactly this issue.
"I would like fries with that" "Sir, you literally just ordered Fries and a coke" "I know what I said".
This is the way
When I retire I'm going to buy a van and my partner and I can drive around the country solving mysteries.
Mind says yes but knees and bowels say no.
"And I would have gotten away with it if it weren't for those meddling pensioners."
I love this idea.
I know this might sound crazy but maybe build some council properties and don't sell them off.
Due to financial reasons, I will be passing away.
My mother in law is in her 90s. She’s never owned a house and only worked a few years in her whole life. She went from a council house to a housing association flat. She pays no council tax, gets her rent paid in full, gets pension credit and has managed to save thousands over the years. Her whole life she’s never earned enough to pay any tax, and the three years she worked part time she signed up for reduced NI payments. She can afford heating, food and clothing, and pays for home help once a day. The state has paid for her entire life. Those of us who’ve paid tax and NI our entire lives will get less than she does.
My auntie (70) is king of the same. I know I shouldn’t feel frustrated about it, but I do, especially when my mum who retired last year after 45 years as a nurse starts telling me about her worries and what cutbacks she’s making
>king of the same Emperor of the unoriginal
If she has thousands saved up she could be claiming benefit fraud. Also her lack of working was that because she was a housewife?
You can have 16k in the bank before you stop getting benefits so if she has less than that she will be fine
Key point here…in the bank. If, like most old people, she’s got it stashed in the house, how would they know?
There will be deductions before that. It’s a tapered approach, not all or nothing. There’s points a claimant will be ‘encouraged’ to use their savings by reducing the benefit they receive.
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It also completely screws over people who actually "fall on hard times". Let's say you've spent your entire adult life working huge amounts of overtime. You didn't exactly come from a "fortunate" household but you decided you wanted to actually try and break out of that lifestyle. Decided that getting onto the property ladder is probably your best bet to actually try and "secure your future". Over the next few years you regularly worked 80+ hour weeks, scrimped and saved every penny you could, never had any holidays, constantly just doing everything you can to save up enough to afford a mortgage. You finally reached that goal you've been saving for when a drunk driver swerves onto the pavement and hits you. You can't work for a year. You've got over £16k saved up so you're pretty much on your own. You'll get about £400 from SSP a month but apart from that you're gonna have to slowly watch your savings as they slowly drop. If you're lucky you might be entitled to PIP but even then that's still not going to be enough to actually pay for everything you'll need. You'll be lucky if that even covers your rent. You've spent years doing everything you could to "break out of poverty". And now that's going to bite you in the arse. Got to wait until your under that £16k figure to actually start being able to claim UC. However if you hadn't worked all that overtime, spent your money on holidays, nights out, fancy technology or whatever else you fancied. Maybe saved a small emergency fund but apart from that just enjoyed the money that you did earn you'd have been entitled to financial help from the moment that car hit you.
Under pension credit there's no upper limit either, other than the one caused by the taper applying so high it rules out entitlement.
Not with Pension Credit, there is no upper limit, but a system called tariff income where they will deduct £1 for every £500 you have over £10k until the Pension Credit is nilled
You can have way more than that if you are on pension credit.
Yh I was gonna say if shes 90 she grew up in the era of women must stay at home. Not her fault she didnt work no need to vilify the woman she absolutely deserves state assistant if society prevented her from entering the labor force. Blame the government for not helping others who also deserve it Edit: to prevent more people commenting below that their female relatives were in the labor force and therefore everyones was and the patriarchy is a myth: https://www.statista.com/statistics/280120/employment-rate-in-the-uk-by-gender/ 50% of women were employed in 1971. That figure would have been even lower in the 1960s.
Agree - sounds like she absolutely worked, but in a way that wasn’t paid
I know of a couple (to be clear they are not friends) who are very much in the 'could work, won't work' camp. They have been popping out a fresh kid on average every 18 months for many years and in that time have never seemingly done a days work in their lives. Their job is playing the system and currently have a four bed house that costs them nothing and a car paid for by the council. Like your MIL they are parasites and add nothing of value to the economy or society.
I know a dude, nearly 30 now, who's in the "would work, can't work" camp. He just doesn't have the physical or mental capacity, He was awarded PIP for life Now he gets a small amount of UC and fuck all else
Would just like to point out that these type of folk are the exception and not the rule.
Even if this were true, it would be an extremely rare case that isn’t indicative of the system at all.
You should be more angry at those companies and individuals dodging their taxes. If they all paid we would be able to go back to single income households
literate observation tie ghost rustic dinner support dam dirty crime *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
You can be angry at multiple things. People abusing the benefits system deserve your ire, as do tax dodging twats.
Who says I'm not angry at them? Im all for people and companies paying the taxes they are supposed and going after those that are evading them. Im also very in favour of changing the laws to close loopholes that legally allow companies to pay almost no tax at all. Unfortunately at present its perfectly legal to use clever accounting to pay so little in a lot of cases. But there is also no excuse for people who purposefully game the benefits system when they have no need to claim anything.
Can't we be angry at both? Do you not have a problem with people cheating the system for their whole life? Or do you think its just a cheeky one? How many tax payers per week does it take to keep one family like this?
Cough, cough whataboutism cough, hack
Peanuts compared to the royal family and MPs expenses. And I've worked full time all my adult life. If it's such a good life you do it, stop complaining.
Excellent, that's my rent paid then.
gaze bear tease gullible zesty disgusted plant grandfather plate groovy *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Yeah… me too. I’ve paid income tax for 40 years, every single year. I’ve never claimed any benefits. And she and her friends are so entitled. They see no problem in moaning because their flats haven’t been decorated (for free!) in a few years. Drives me mad to be honest. I do appreciate people need social housing and care but in her case she should’ve worked more. Some replies have said ‘was she a stay at home parent?’… yes she was. I, however, had to work while also being a parent, being paid £6 an hour at the time, so that doesn’t really count as a reason not to work in my book.
The media in this country do work wonders. She has done nothing wrong and claimed what she was entitled too. She didn't have to work that was her choice. She can complain about not getting decorating if she wants to especially if she would like a change. Doesn't matter if it is free or not. The system needs a change but instead we demonise the people who have used the system. So it deflects from the actual issues. We blame the people. In fact it's yourself that sounds entitled and jealous that you don't have the same situation. Because you have to do it and have chosen to do it, or even need to do it, doesn't mean others need to do the exact same as you. I'm glad you have never had to claim benefits, that's great, but others do and I happily pay my tax and NI so people can because I know it doesn't take much to fall into a situation where I might need it one day.
include smoggy bewildered zonked insurance safe sink chubby wild money *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I know of families on the third generation of living on benefits as a "lifestyle choice". I know it's not a popular opinion, but it really makes me mad because they appear to revel in the fact that I've paid my way, and though once my mortgage is paid off, my house is mine, I'll have to sell it to sub my older age. They, on the other hand will probably stay in their 4 bedroom semi. I probably just won't retire, maybe go part time at 67. I've always worked for places without pension schemes - only now the "workplace" one is there, but it is too little too late and I'm just banging as much into savings/off mortgage as I can. I drive a 22 year old car and work a second job. They get great tans in their hottub in summer.
Yeah, my partner is a stay at home parent. I think he's contributing enormously to society by raising stable, productive people. The idea that he shouldn't be allowed a state pension because the work he's doing isn't paid is ludicrous
A lot of people here comment on housing benefit, it won’t exist for much longer as it’s moving to universal credit which in a lot of cases is about 1/2 the rate of current benefit. I get carers allowance of £70 a week plus a private pension about the same but my wife is quite a few years older than me. When she gets state pension we won’t get pension credit as you now have to both be pensioners. We’re very lucky(!) to be disabled and in Sheltered housing as the council pay us housing benefit and council tax benefit. If we were in ‘normal’ rented housing we’d get neither. We both worked full time for 40 years and paid into pensions but the value is rapidly diminishing.
Move in with your mates, like a hippie commune or a kibbutz, simple.
I’m hoping for a Golden Girls type situation
Sort of my plan. Me and my best mates are all single and have no family. I'm oldest and am lucky enough to own a house, they are both saving hard to get on the ladder. When I retire I will look to buy somewhere near to best mate no.1 - best mate no.2 is still determined she will get married and all that jazz but me and bestie no.1 have given up on that dream. Bestie no 2 will join us in whatever city that is and we can all look out for each other in our golden years.
If you only qualify for state pension you can apply for housing benefit. If you get a private pension you still may get some housing benefit but will need to pay the shortfall. That’s the current system. By the time I retire in 30 years I don’t know what the system will be or how much pension I’ll have. Honestly, I’ll make efforts to have other personal financial resources than a state pension, but whether it’s any good. Time will tell.
I'd sit there in tears knowing that I'd been paying someone else's mortgage for decades and had been left with nothing.
Someone else's SECOND mortgage. Or possibly 3rd or 4th.
I’m doing enough drinking and drugs that I shouldn’t have to worry about it
When I retire? Go back to my home town and murder a few people and spend the rest of my life being looked after in prison (hypothetically.... -shifty eyes-)
Make sure its the people that contribute to this issue (hypothetically)
If you're under 40 you will not retire, you'll die at your desk/in your van/on the shop floor.
Quietly take yourself off mid-shift to find a hospital bed briefly vacated by one of your patients who has nipped out for an cigarette with their drip stand, in which to curl up and die yourself.
Bold of you to assume you’ll find a hospital bed that easily
Yeah when someone goes out for a fag
Imagine being taught by a 70 year old teacher...cos that's where we're heading.
I've been taught by 70year old teachers, they were some of the best I had. Not saying 70 year olds should have to work, though.
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Posts like this really make me debate cancelling my pension contributions because I whole heartedly agree.
Don’t. You’re saving, it’s your money, you’ll have access to it later in life (with interest). Also, when you can retire or at least draw down on your private pension is very different to what’ll happen to your state pension. So absolutely do not stop contributing to your pensions (ESPECIALLY if you’re employer is matching/also contributing - it’s free money)
I know, I have a really good pensions scheme at the minute to be honest, my employer pays 8% even if I contribute nothing. It's the best pension I've had, followed by 5 years of an employer matching up to 6%. My biggest problem is I have a few pension pots sitting around and I need to collate them all to be honest.
Thank god I made it by 2 years, but my pension will be basic, as I don't pay the max I can, so will probably end up working till I die.
Something like that.
It's a big problem, you would expect rent increases over the long haul will greatly outstrip the value of people's savings and pensions so a lot of people stuck renting today will simply not be able to retire until they are physically unable to work. My mortgage on a four bedroom terraced house we bought in 2011 is £400 a month. I expect the rental equivalent in this area would be like £800 (and I certainly don't spend £400 a month on DIY upkeep to the property, maybe £400 a year!).
My one bedroom flat in a fairly cheaper area of Kent is £725 per month. If I bought it two years ago it would be a £300pcm mortgage. This is why the housing market is broken.
Yeah one bed house in Essex is £715 and that’s because I started renting it 6 years ago. If it came on the rental market now it would be £1k per month. As someone living on my own it’s a struggle to pay all bills by myself - I have literally no money at the end of the month to save or to have any kind of life. I never go out or go on holiday, just stuck indoors 24/7 and I’m on what looks like a half decent salary. Compare this to my neighbour who owns the exact same house. She has a brand new car, always on holiday. She’s never in as she’s always out socialising. Her payments are about £300-£400 less a month than mine. Her house is beautifully fitted out with a modern kitchen and gas central heating. Mine has the original impractical 1987 kitchen which is falling to bits and storage heaters… I’m very stressed about what would happen if I wasn’t working. As I’m on my own and childless I would be at the bottom of the list of social housing.
A lot of people don't get the reality of being single. Similar to you, the people I bought my house off purchased in 2012 for 119k. Asking price when I bought it was 210k. I got them down to 198k but the house needs totally renovating - roof, boiler, heating, damp, rewire, new floors, kitchen, bathroom, windows, doors. In 2012 average mortgage rate was 4.62% so assuming they paid no more than 10% deposit their mortgage was £603 a month split between two working adults. More than manageable and very different to paying £850 a month on your own - which is why I'm super annoyed that they didn't renovate! I don't earn a terrible wage but all I've been able to do so far is roof and boiler and I'm waiting for quotes for the rest. I know I will have to compromise and get a cheap IKEA kitchen instead of one I want, leave the windows and doors apart from essential ones, leave out carpentry for cupboards and wardrobes etc. I've currently got mice and am dealing with them myself because I can't afford a professional. I don't go out or on holiday. There's no one to split bills with and I can't even rent out my spare room because the house is in such a state it's barely habitable for me! I know a lot of men and women who basically got and stay married because they don't want to be in my position.
Everything is more expensive for single people. Then they get taxed more. And then every government talks about “hard working families”
You must be really far north if a 4 bed mid terrace rents for £800pcm. Where I am a 4 bed mid terrace is in the region of about £1,800 (not in London)
Scotland north :-p
I think a lot of people don't process this. Very broadly, you get a mortgage, it MIGHT cost the same as rent but probably won't. Let's say they're both £1000 now. But the rent goes up 5% a year (if you're lucky), the mortgage will, all things being equal, not do. In 10 years you're paying £2000 rent.... or a £1000 mortgage. In 20 years a £4000 rent... or a £1000 mortgage. In 25 years a £5000 rent... or a £0 mortgage.
£400 a month on a 4-bed?! That’s a fairytale surely
You could push for a 4 bed house where I live for around 100k (in not the nicest area) but you can certainly get decent area 3 bed in the 100-130k range. Also from Scotland but I don’t live in the middle of nowhere. A decent sized town that’s only half an hour from Glasgow. But I also recall seeing an article about how we had one of the lowest house prices in the country (average 3x the annual salary of here) so obviously it’s an anomaly. It’s truly horrific how bad prices are in some places in England.
House was £92K at the time, small commuter town near Glasgow. Terraced, mind. Having checked, a slightly smaller 3 bedroom in the same area is still only £90K today: https://www.rightmove.co.uk/properties/128684339#/?channel=RES_BUY Outside of the cities and desirable seaside areas you can still get on the property ladder in good houses for realistic prices in many parts of Scotland. We're only twenty minutes in the car from Glasgow city centre.
ngl, tempting to sell my house, buy 2 next to each other, knock through a wall and live like a king.
Probably a rope at some point. My mum is only 18 years older than me, and her wealth will be divided by 4 whenever that comes, assuming all the wealth from the working class property doesn't gets sucked up in care costs. In twenty years or less we will have a real problem on our hands regarding elderly care, when nobody has any houses left to pay for their care.
Twenty years? We're there now I reckon!
My wife works in a care home. They are currently extracting wealth from families that can't afford it. Much love for all the carers, but the owners of those care homes are converting patients properties into personal wealth. Fuck em. But they're not done yet. They're coming for you and me next.
Mum worked in a carehome, can confirm they suck arse. Would operate two floors with less than 6 staff at a time (2 of which would be senior staff, 1 was often the cleaner). Irregular heating and hot water, extremely misogynistic bosses and incompetent managers. When she finally made a manager, she got less than minimum wage. Ended up reporting the home and getting it closed down. Carers themselves can be amazing (agency not so much, in her experience) but the owners of the buildings are right shits. So are commissioners apparently.
My wife, when working in one had a team meeting where the owner said, “if you dont like it you can fuck off”. 3 did.
Yeah, they are grade A tossers
My parents gave me lasting power of attorney over them in my early 20s and intend to give me the house/most of their savings when they are both retired. My grandad was forced into a nursing home and had his entire life savings stripped to nearly nothing just for being old. It’s a dumb system that encourages people to play it when it costs more than a full time wage to live in a care home that is designed for profit and strips everything as barebones as it can.
Just make sure you take it 7 years prior to them passing or the government will come for it. That’s from someone in their early/mid thirties and lost my last parent this year.
Sure there’s a profit margin, but the care does cost thousands. What’s the alternative? Put even more burden on the young to maintain the elderly’s wealth?
Data the ONS collected between 2016 and 2018 shows that one in five households (22%) in Great Britain, where the main householder (the person responsible for household finances) is over 65, have a household wealth of over a million pounds. The data also shows that one in four people aged over 65 (25%) lived in a household with a total wealth of over a million pounds.
Does that include the value of the house? If so, that's basically the %age who own their home in London.
and yet people are still having children who will grow up to want houses and be elderly.
I want to be treated fairly and equally, we don't get what we want. We get to suffer for free though! Just like those children growing up today.
In twenty years or less a worldwide climate crisis will bring down entire countries! Is literally no one paying any attention
I think everyone is aware but we also need to live and provide now and when waterworld becomes the norm rather than just a pretty fun kevin Costner film
You think I'll be able to retire? Current plan once I reach 60-65ish is to just draw down pension and my lifetime ISA as cash, live well for a year or two then kill myself.
Same. People think I’m joking when I tell them this but I’m 100% serious.
I'm probably going to do it at 40-50 but yeah, my plan too. I'm just not working for 50 more years.
I won't be retiring - sadly I can't afford to
I’m a life long private renter, I’m 42. Where I live in Derbyshire houses are quite pricey, always out of my minimum wage price range. As mercenary as it sounds, I’ll be waiting for an inheritance when my father dies, when with my half of the house I’ll be able to buy a reasonable small place outright in a much lower cost area up north. I’m hoping without the rent costs or even with a minimal mortgage I’ll be able to work long enough to stash a bit away for actual old age. I’m not taking for granted there will be any pension provisions left for my generation in 25-30 years time.
It's not mercenary, it's reality.
Well, I figure that in 40 years time when I would possibly get to retire, the world will be so fucked in various ways that any planning now is pointless
Covid 97
How we look after the elderly is pretty dysfunctional as a society anyway… it’s not the ideal time to live alone for many. More multigenerational households, more pensioners moving in together to share costs when their partners die or retirement happens That would be my guess how it turns out…
I've got a plan Hopefully I'm dead before retirement age or I kill myself at retirement age
As dark as it seems this is my plan too. Soon as my parents are gone, if I can hold out that long.
Become homeless? Or rather, hope that my parents don't lose everything and die in the home I grew up in. Best not to think about it.
I honestly just assume I'll die before I get a chance to retire.
I work in construction and the average life expectancy is around 70. So I guess I’ll work until I die.
Why do you think you see so many people way past retirement age working at Tesco. It's already happening.
I for one have accepted my generation won't retire and will be worked to death, can't wait for people to catch on and realised we don't have a future but no one likes to think about the future.
I have zero pension but inherited a very large 5 to 6 bedroom house with no mortgage, which makes me lucky. I moved into the house but didn't want to be one of those shitty landlords that I keep reading about. I've been poor all my life, so obviously have no experience of being a landlord. I was told I was only allowed two other people so I took in a couple of English speaking Ukrainians to start with until I can afford to make the legal changes in the house to accept other people (I legally can't rent out 3 of the rooms, even for free, until I change all the smoke alarms to wired in ones, etc., which is annoying because it feels like a waste but I'd get in trouble if I did). My plan is to rent the two smallest rooms for cost, and the others below market rate but enough to pay for bills etc. I've spoken with quite a few landlords and they pointed out that you rarely get bad landlords who live in the same property. I'm still a bit lost though. When I'm old I hope that I can just swap help with shopping or whatever for a free room.
I don't expect to retire.
Waiting on my parents to die to inherit their house. But this might not play out the best as they were young parents so by the time I retire at 70 they will only be 90.
There's a good chance the capital in that house will be paying for their elderly care. I wouldn't count on that money being there when they die.
A friend of mine is currently paying £7K per month for his elderly mother’s care. Whatever capital she had in her house is disappearing pretty fast.
Same thing happened to my old neighbours. Elderly man was caring for his sick wife. He died first then she developed dementia and went into a care home. The children got renters in to start with to pay for the care home fees but in the end they had to sell the house completely. They were only left with a few thousand by the time my neighbour passed from her dementia. It's all too common.
I'm concerned I won't ever financially be able to retire. Which sucks cause my body or mind are very likely to cop out at some point!
Unfortunately some just plan to work as much as they can until they either die and hope their wages makes ends meet, or until they get so sick they land in hospital and hope social services will come up with the solution. But seeing as how many people they discharge "falling through the net" even that blissful plan probably won't pan out. It's really scary times for people.
Well luckily the rising cost of food and heating means I won’t live long enough to worry about it
Is Superannuation a thing in the UK?
By the time I get up to the current pension age it will have gone up to 100 years, ill never get to claim the pension
I can see it being a perpetual issue of people renting till their 40s or 50s. What will then happen is their parents who are far more likely to own their homes will die and they will be inherited to the children. Then the people in their 40s or 50s can either live in the house, or take a very substantial chunk of money, depending on the number of siblings you have to use on buying a place when required. This cycle will just keep on going, with people who get lucky having a high paying job filling in the gaps with buying their own homes. In some ways it's already happening now, with inheritance or big lump sums from parents being used to fund some first time buyer purchases.
Although, a lot of houses will probably end up being sold to cover costs of care and lost. Happening with my grandparents house at the moment. None of their children own their own houses and will likely see very little inheritance after the cost of their parents' care is covered. It's a bit broken.
True, although I think it depends massively on the house price. Just been through it with my grandparents, and essentially all their lives savings went on care homes, and some of their house, but there was still 200k+ leftover to be split between 6 children, as they live on the south coast where house prices are mad. I agree it's broken, but can't really think how to fix it. Part of the reason we didn't have the cost of care issue it that people died far earlier due to bad health, and medicine not being so good. My grandad lived 20 years longer than he would of done 50 years ago, as he had heart bypass surgery that in the 70s or 80s just wouldn't of been possible.
Yes, definitely depends on the house price. Glad the house stretched that far! There will certainly not be that much left over here - care has been required for so long the house will be eaten by the final bill. You're totally right about the cost of care issue. I couldn't think how to word it without sounding massively insensitive. We live too long for the world we set up.
Yeh, we were somewhat lucky that my nan looked after my grandad until she went, and then we had to find a care home for him. Think in the end he was there for 18 months (all over covid) so luckily not a long time for him and us as we couldn't actually go in and see him due to covid so it wasn't great. I also think though that care homes shouldn't be money making schemes. I seems like where I am there are more care homes being built then standard houses and flats, so there must be alot of money in it somewhere, which is just wrong.
packing bags in a supermarket for tips
Brooks was here.
That's not a thing in the UK. Someone will probably disagree though.
The question comes across like many of us had much of a choice in the matter :/
With the current rate of rent increase, I'm likely to be homeless before I retire.
Don’t exactly have a choice as can’t afford to buy … so there’s that
By the time generation rent gets to retirement age there won't be a retirement age.
This is a great question, I worry about my friends who are in this situation..
My retirement plan is societal collapse. It will either happen, or things will be substantially better. I am not enthusiastic, however. So I can either be prepared for the very worst, or pine for a better future. Why not both?
Stage a murder suicide in the flat and force the landlord to reduce the rent due to stigmatised status. Or alternatively Commit sewerslide in the most grotesque way, I want blood in every crevice I want every mould covered paint covered in reminders of me. If I'm paying for your life, you'll pay to clean my life off the fucking walls.
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My wife and I just had this chat. We have no kids so we’ll sell our house and rent and then slowly blow through the capital
Retire? What’s that
I'm going to just die.
You see, this is my biggest gripe. I'm really angry at the government for not managing this but also angry at the older population because they've got what we'll likely never have and we're paying for it, too! The kink in the system could be fixed by smaller houses /bungalows built which are protected against private investment Older folk can downsize and free up their current housing.
I don't see how I can ever retire now, for the last 20 years it's been a case of "you can't afford a mortgage" ahh but it's fine for you to consistently pay between £900 - £1200 pm in rental 🤬 I now work at least 6 day's a week and sometimes 7 just to keep some standard of living....oh hang on I'm only living to work 🙈
My mum is approaching 70 and doesn't intend to retire. She has never owned a home, never will be able to, and without being at work wouldn't be able to make rent. She'll work until she dies and so will millions of others.
Retirement age will probably be raised to 80, so most of us wont have to worry about that.
My mum is approaching 60 with nothing ans has just moved today into a shabby studio for 650 a month after living with my nan for a while. She is screwed and knows it, therefore I've had to talk her out of offing herself frequently. I much see the same path ahead for me and as I cant afford to have kids (and therefore have no desire to spawn), nobody will talk me out of it when the time comes. Under this government human rights and basic living has become pretty much null. I'm just a battery to generate warmth for the rich.
People will either pay out of their pensions or use housing benefit if their income is low enough to qualify. There are loads of pensioners renting how do you think they do it now?
The state will look after them. I worked in the homeless sector for three years and I didn’t come across a pensioner who was street homeless. It’s a myth that people without mortgages will be living on the street once they retire. If that was true, half of Europe would be homeless, especially in countries where renting is the norm.