| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Pensions Question | |
| Posted by: | Andy Pease | |
| Date/Time: | 05/07/13 21:42:00 |
| Paul, I fail to see how you can say pensioners have been unscathed by austerity.You seem to think £140 a week pension is enough to have a good life when in truth it is no more than a good night out.Most pensioners rely on their savings to supplement their pensions and if they are lucky, they are now getting 0.5% interest on those savings where they used to be 6-7 % on some accounts.You should not be worrying about how much pensioners are costing.People should be more concerned about what is going to happen when interest rates finally do start to rise.The pensioners will be ok, they will see there income rise.The real problem will come from people that have taken out mortgages with 3 or 4% interest rate.Some will see these mortgages double or even treble.The housing market will collapse and thousands will lose their homes.There are next to no council houses being built so where will these people live ? The only reason interest rates have stayed so low for so long has nothing to do with austerity.The government know they will be in serious trouble.The country is completely bankrupt. Low interest rztes are only delaying the inevitable. We are heading for a crash that will make 2008 look like a stroll in the park and the only ones to benefit will be the pensioners who own their own homes and will see a much better return on their savings. |