Pensioner poverty

Heard of Keynesian economics and money supply? I won’t bore going into it, but that will give you an idea as to where the rethink is taking place in macroeconomics.

Google it it will be quicker than me laboriously typing it out.

Perhaps you would humour me then and give me the evidence as I’ve obviously missed it.

Germanshepherdsmum

Really? You have evidence you can produce to support that statement I assume?

If you have to ask that question, then you haven’t been keeping up.

Think I remember the austerity drive was EU led
www.bbc.co.uk/news/10162176

I know what you mean Pepper59. If it wasn’t for my NHS pension, I really don’t know how I, and others like me would manage. On the basic state pension as DWP don’t have any records of my early years work in the NHS. Had to accompany spouse overseas, so guess they lost track of me!! People forget not everyone is on the new rate.

Really? You have evidence you can produce to support that statement I assume?

Germanshepherdsmum

wwm wasn’t that promise made before the pandemic? And wasn’t austerity a direct result of the financial crash which wasn’t caused by any political party?

All political not economic decisions

wwm wasn’t that promise made before the pandemic? And wasn’t austerity a direct result of the financial crash which wasn’t caused by any political party?

Yet to hear some, not all of the younger generation, all us pensioners are rolling in money, having five holidays a year and living in huge houses- I wish!

The Tories promised that it would remain in place until 2024.

I appreciate that 8% interest is a lot but we are not exactly receiving £30,000 a year and it is cynical and unfair to change it this year for their own ends. They may think we will have forgotten by the next election- I do not think so.

No surprise really was it? Par for the course. I refuse to get my knickers in a knot.

Just think, a member of the House of Lords gets more for logging in per day than pensioners get in a week.

Thank you for this @Whitewavemark2. It's absolutely disgusting and infuriating. I really feel for single pensioners of either sex - how they manage I don't know, especially with all the increases in food prices, energy, etc. Even with pension credit it must be a hard existence. There's also a huge difference between pensioners that have always been able to pay into workplace pensions. Many women of the Waspi type age and older never had that option as due to no childcare they were often in part time roles.

Abolishing the triple lock at a time of rising inflation is typical of the Tories, a cynical money saving exercise at the expense of the elderly. I absolutely don't buy into this inter-generational thing either -(having said that we have helped our adult children lots) it's just the Tory way of pitting one section of society against another for their own ends.