Not my fault I was born in the early 50's .

I'm another of those born in the mid-50's and despite working for 48 years, the only thing I get is free prescriptions. I will have to wait till I'm 66 to get my state pension. I feel really annoyed that the government raised the pension age so rapidly giving no time to to make adjustments.

But this pitting the generations against each other is all wrong. Are they softening us up for a cull?
I have wondered that too ilovecheese
State-aided voluntary? euthanasia.

In our village, and in the nearest towns, new houses are being built left right and centre (please note, that was NOT a political reference)

I am always amazed when some people claim that no houses are being built because whenever we go anywhere we see hundreds, if not thousands, of new houses going up . Many affordable homes too.

Pensioners in this country are not exempt from income tax as they are in some countries.

Provided their income is above the personal allowance threshold, of course, which many are not.

Am enjoying our older age perks, such as they are, bus passes, free prescriptions, discounts at hairdresser and cinema etc and the state pension, but as others say, we have worked all our lives, saved up, and brought up a family.Also like others we are helping out DC where we can.Yes, nice to have paid off the mortgage, but interest rates were never low back then, and I remember paying up to 15% !

Another here like Maggiemaybe, born mid fifties and hoping that my state retirement age doesn't get put back for a 4th time. Never been in a position to have a works pension and, by the time the new one came in last October, I don't have enough working life to contribute anything much to it, so it will be the basic state pension for me in 2 years. I can't understand why anyone would think of a "pension jackpot". I've worked non stop for 48 years; 50 by the time I retire and never claimed state benefits. Iwill have earned every last penny of my pension assuming I ever actually get it.

Born in 1958, so 60 next year. Luckily, I have a job, as if I was starting job hunting again at my age (been there, done that) it would be damn tough, especially in a rural area.

Yes, I understand that people are living longer, and moving the goalposts raising the state pension age will save the Gov a lot of money.

BUT Not everyone has a private pension, and not everyone has paid off their mortgage.

Due to circumstances, Mr P & I (second marriage) could only take on an interest only mortgage.

We have absolutely no way of ever finding the money the pay off the capital

We both drive pretty old cars, haven't had a holiday since 2005.

So, like Gillybob will probably work until we drop.

The thing I don't understand, if we all have to work longer, where are all these jobs going to come from? (There will come a point where all the assistants in B&Q will be going round the store on mobility scooters)

In our village, and in the nearest towns, new houses are being built left right and centre (please note, that was NOT a political reference) but THERE ARE NO JOBS!

Well I was born in 1962 and will no doubt work until I drop dead . No pension until
I'm 67( and 7 months??) unless of course they move the goalposts again. DH and I though we could have retired together when he was 70 and I was 60 however he will now have to work until he's almost 78 !

Nobody need feel guilty for what they have worked for, it is not our fault. I don't get any pension benefits for another 6 years and fully expect the bus passes etc to have been abolished by then. I am not going to get into a 'we had it hard' type discussion, and I think we should all be aware that we are being manipulated, used and abused by the press who like to stir up ill feeling between generations, perhaps to distract all of us from the dreadful things which are being done to state provision of education and health. Nothing like getting generations to blame each other for the ills of their world, leaving the true perpetrators to get on with what they are doing.

I'm with maggiemaybe on this one. I was also born in 1954 and don't get state pension or bus pass. I have a small LA pension, but never earned enough to put much into it.
I didn't feel very lucky when I inherited my parents house at 24 years old, but maybe I was. Couldn't have afforded to buy my own as a single parent.
But this pitting the generations against each other is all wrong. Are they softening us up for a cull?

I'm certainly not short of money at the moment. It's amazing how much money you can save sitting at home instead of travelling to work every day, and it helps only needing one car instead of two. On the other hand we are endlessly helping out the DCs and it looks as if we'll be doing that for the foreseeable future.

I don't feel guilty we worked hard did without didn't have fancy holidays, we didn't inherit anything from our parents in fact we helped mine taking them on hols etc. We help our children out with child care help to buy car etc

For the first three years we lived off my salary and saved my husbands for the deposit (no meals out, takeaways, cinema, anything!) I had three outfits, two for work, one for weekends. We furnished the house with our parents old furniture. When the first baby came we painted my husbands old cot, my cousin lent me her pram and baby clothes. Our holidays were staying with our parents. The mortgage rate was 15%.
I think I deserve my retirement.

This is why the president should be on here not Twitter ; Considered and mature discussion from so many points of view . A chance arrival in very early 1950's results in a gain that those following a bit later have to wait for , work harder for or maybe cannot achieve at all through no fault of their own . My parents had sleepless nights over thoughts of us ever paying off our mortgage , which seemed impossible at the time . Political bribery can misfire if the decision makers fail to realise that we are thinking members of the community , not just an aging generation in need of support .

No mortgage here and we enjoy a comfortable lifestyle, lucky , lucky us. However we worked dammed hard for what we have now. We bought up three children and went without ourselves. We live within our means and had few luxuries for years. No state pension or other 'perks' for me until the month before my 66th Birthday. I dare anyone to tell me that I am not entitled to what I have.

Our DS and lovely d.i.l. live in rented accommodation in Aus. and have done so since they married 5 years ago. Their joint earnings far out way ours; neither of us are at state pension age although Mr. S. will be next year.

They can't put together a deposit to buy because their money goes elsewhere; expensive holidays, expensive dogs (2), expensive photo's of their dogs and socialising; the list goes on. DS often refers to them being skint.

They have no children and this is the life style they've chosen and enjoy which of course is great. Our other son who we're estranged from is buying his own home and has 2 children, who we are also estranged from. This was made possible by a size able financial investment by us and my brother, who he is also estranged from.

The second paragraph of your post grannyticktock describes ours perfectly and I agree Luckylegs that one of the reasons the younger generation struggles is because they have "higher expectations of material comforts".

TBH I'm fed up with hearing about this "Pension Jackpot for baby boomers". Mr. S. born in the 50's doesn't have a pension jackpot, just what we've managed to save and invest in our 37 year marriage.

We're no different to what I'm sure is the majority of our generation. We've worked hard to provide for our children and ourselves in our retirement. I don't think for one moment that we would ever squander what it's taken so many years to accumulate, but if we did, it's ours so why shouldn't we.

I agree, Dafonanna. I am comfortably off in my retirement and would gladly see (and pay) higher taxes, similar to the level of taxes we paid in our early working years. I refuse to take the blame for the fact that some people decided that almost everyone should be in education until they're about 21 but that they'd have to fund it themselves, and that higher taxation is unthinkable.

I was lucky enough to be able, with my husband, to buy a house when we were in our 20s - but we didn't have a gap year, or go travelling, or play the field with successive partners, we just got married, got jobs, settled down and had a family. We grew up young, lived within our limited means, and worked for what we had.

It is not my fault that housing is now so expensive, but the prosperity of our generation will trickle down to our heirs. My family know that the house and any other assets I own (subject to any care home fees!) will one day be theirs, so it's not money thrown away or selfishly squandered.

There are pensioners living in poverty according to the figures quoted in this BBC story:

www.bbc.co.uk/news/election-2017-39975357

It says that 12.2million pensioners, or people of pensionable age, received winter fuel payments. It also says that 1.9million are receiving pension credit, payable if income is less than £159.35 a week, single, £243.45 for couples. It also notes that "there has been research suggesting that about one-third of people entitled to it are not claiming", which would increase that figure by almost one million. Which would give us a figure of about 3 million, or about 25% of pensioners.

I think the remaining 75% of us are benefiting from:

Better, free, education in the post war period, enabling us to have better paid, secure, jobs, (enabling us to save more)

Generous pension schemes which are no longer available to younger people

The crazy property market which means that many of us inherited wealth from houses which our parents bought for modest sums which had massively increased in value. While at the same time owning our own houses which have done much the same thing.

The fact that we are more likely to vote than younger people so we've been the recipients of political 'bribery' in the form of safeguarding the value of our pensions at a time when the potential value of younger people's potential pensions has been eroded.

I think we've possibly also benefited from parents in whom the value of thriftiness persisted even when they could have well afforded to have spent more as they became older and more wealthy (My late FiL dedicated his life to the pursuit of 'cheap' but left a very respectable sum in addition to a fairly valuable house)

So although we may have been pretty skint while buying our own houses and raising our children we have acquired wealth in late middle age/ early old age which few people in previous generations would have expected to have.

We've been very lucky.

Whereas younger people struggle with high further education costs, an even more crazy housing market (exacerbated by a shortage of housing), insecure jobs and stagnating wages. And less rosy pension prospects.

Well, that's my take on it. I'm sure people will leap in to disagree.

It is a silly proposition that our generation is sucking the lifeblood from the next. We have been poor; we have worked out tripe out; we have struggled in our time with eye-watering mortgage rates that would be regarded with horror now.

Some of the struggles of the next generation have not been generated by us, but by two things: successive government policies and higher expectations of material comforts.

You must have been born earlier in the 50s than me (late 1954). I don't have free travel or any state pension, triple locked or not, nor the whole raft of benefits you mention (though I'm not sure what this means, apart from a heating allowance), and won't have till I'm 66. I do get free prescriptions and have had an occasional over-60s meal - oh, and I get extra points on my Boots Advantage card - but I certainly don't feel that I've grabbed any loot or pulled up any ladder. My thoughts are: don't buy into the hype that tries to pit generation against generation. Some of our generation are very well off, others are just managing, others are truly struggling - the same applies to those following on.

Why should older people be poor? I feel better off now because I have paid off the mortgage, worked, paid into a pension and saved and no longer have dependent children. When I did have kids at home and a mortgage I was skint, definitely just about managing, just like many families now. The UK state pension is one of the lowest in Europe, and any little benefits along the way have been hard won. Don't argue yourself into poverty.