Paphos Life

Think Tank The Resolution Foundation have completed a study that suggests ' Baby Boomers ' are approximately `£20per week
better off than working households.
Lord Willetts, ( The Executive Chair ) of the Foundation, has stated this morning that the generous triple lock needs to be considered.
This is not the first time that questions have been asked about it's continuance...I believe this study only strengthens the argument over it's demise.

Not all baby boomers, the story relates to those who have a defined occupational pension, own their home and may also be still earning.

More meaningless statistics. MOH and I certainly are not £20.00 better off per week than our Son or our Daughter, that in spite of MOH's occupational pension.

Jackie

There are lies, damned lies and statistics...
And this stuff comes out of a "think tank"....
While they're draining the swamp, they could usefully open the stopcocks on these "think tanks" and kill two birds with one stone...

Just so long as it screws the older generation and not the benefits recipients who are making a career of getting it all for nothing or those who have come to the UK to get the same as the benefits generation.

The Benefits Generation? You have got to be kidding. That's as out of touch as saying every pensioner lives in a mansion.

Mad to say this but my living parent is now in a better financial position since my other parent passed away last year. For the first time in years the surviving parent is having tax deducted at source...

They both "retired" around 30yrs ago....

LLoyd

I wonder who they asked to gather their figures and where did they find them, it seems to me a figure plucked out of the sky. Just another complete waste of tax payer's money. So what if they are £20.00 a week better off, is it so bad that we boomers might have a bit of spare cash.

Jackie

Happy in Cyprus wrote: ↑Tue Feb 14, 2017 1:21 am

Firefly wrote: ↑Mon Feb 13, 2017 5:50 pmMore meaningless statistics. MOH and I certainly are not £20.00 better off per week than our Son or our Daughter, that in spite of MOH's occupational pension. Jackie

Nowhere in the article did it suggest that every baby-boomer was going to be £20 better off; just that on average this was the figure they found.

I can well believe this, what with the cost of housing today - whether bought or rented. In my parents day, and even in our day, it was possible for a couple to buy a house on a mortgage with just one bread-winner in the household. Nowadays it is almost a requirement for two people in the household to be earning in order to provide a reasonable standard of living. A Cypriot friend was telling me the other day that his daughter in London pays £1,200 a month just to rent a one bedroom flat.

I agree Lloyd. The "£20 a week" is an average.

My occupational pension is over twice my son's salary. My mortgage is paid off, whereas my son is paying £650 a month rent for a room in a 3 bedroom flat.

The key thing about the report is the changing face of income distribution. In 2001 households reliant on pensioner income were £70 a week less well off than those in work. Pensioners are now £20 a week better off than working households.

Time to get rid of the triple lock. It was only introduced as a vote winner. It has had its day.

I agree with Hudswell & Kevin,
The triple lock was used as a tool to garner votes & believe it is both unfair & unsustainable, though there are still a number of
Pensioners that have to survive on the State Pension alone

Cogs

Quite so, and if it's the basic pension, it's a pittance compared to the amount some receive in benefits. Oh no, hang on, the state pension is called a 'benefit' isn't it.

Jackie

We now know the answer to the question - Yes (if as expected, the Conservatives are returned to power).

I have to say, though, that the principle of the triple lock is indefensible, whilst the double lock which Theresa May proposes makes far more sense...

Tories return to power, well no not really, at last UK citizens see through them...

Allesley wrote: ↑Tue Jun 13, 2017 4:40 am Tories return to power, well no not really, at last UK citizens see through them...

I am sure I read somewhere this morning that the Prime Minister, Mrs May,( leader of the Conservatives ) has had a meeting with her new cabinet. Am I wrong, should that read Mr Corbyn????

I too thought we had a Conservative Prime Minister !!

Trev..

Someone forgot to tell Corbyn that he LOST. May won with a reduced number of seats but a far greater share of the popular vote and a greater percentage of votes than Cameron ever had.

Maybe it was Diane Abbot who reported the results to Jeremy...

I'm somewhat confused now because how can somebody lose overall control (when they were predicted to win with a landslide) and still be classed as a winner?

Maybe you get your methodology from Diane Abbot as well.

panoscouse wrote: ↑Tue Jun 13, 2017 5:17 pm I'm somewhat confused now because how can somebody lose overall control (when they were predicted to win with a landslide) and still be classed as a winner?

Maybe you get your methodology from Diane Abbot as well.

There is one simple fact - the Conservatives won the most seats. They won the most actual votes cast at the ballot box They won the greatest percentage of votes. Under our constitution, that means that their leader is invited to form a government. She has been able to do that, with the support of the DUP, and therefore can maintain the confidence of the majority of the House of Commons. All that means that she won. What's so difficult to understand about that?

Let's face it, if there was another EU Referendum and the Brexit Camp still had most votes but less than they''d achieved last year, would that make Remain the winners? Of course not - that would be Socialist logic for you!

I do find it rather depressing that Corbyn considers losing by 56 seats a victory.

And the Tories did win. They are still the ones in power.

Corbyn was only 2,227 votes away from becoming PM..... something to remember, especially if there's another election in the offing.

Remember, younger residents are getting older by the day and also closer to getting their vote if they weren't eligible the last time.
And the older members are getting 'erm well, older