16/02/2025
Personally I think this is disgraceful. However I saw this coming a few years back when sat in a meeting with some of the UK ๐ฌ๐ง housing officials to be told that Britain would become a nation of renters!
Why does this effect how the pension works?
If we have a mortgage paid off by say 65 like our ancestors have, it leaves many people with a house they can sell and downsize if they wish, spare money plus a pension coming in.
If we rent until pension age, we have no home to call our own, no chance of spare cash to spend, or help our children with and we have to still pay rent, yep, not just that but pay increasing rent!
If we give up work, how do we pay it? What happens to our home if we can't afford to? The Government knows this, they know that if they force us to work longer then we have a chance of contributing to our own home for longer without their help!
It's idiotic! Help people secure a mortgage easier. The mortgage provides a stable home for us in our senior years whether we stay in it or we sell and use the funds we have (the equity) to help fund our private care. Otherwise dear Government, guess what you will be facing a bigger housing crisis and paying out a lot more on care, which you state is costing you billions now!
You state that you must raise the pension age as people are living longer due to preventive measures and that more people are choosing early retirement so the rest of us have to basically pay.
Please remember dear Government that not all of us can afford to take an early retirement! The ones who can have probably worked hard and made their money and wish to relax, good on them too! But don't you see, you keep penalising the wealthy, the business owners the very people who you need to keep this country afloat in the future. In doing so you are creating a new generation of people who don't see any advantages in getting higher on the ladder, or owning their own business, because there's nothing in it for them! Take away those savvy creative business people and you leave less people as we grow older to replace us in our roles, so yes you need us, you need us to work until we drop, we will need to work until we drop to pay for our rent.
Dear Government you have this all wrong you are damaging society, damaging future generations, damaging future economy and damaging pensioners. We all get old - FACT
Our bodies wear and we get tired - FACT.
The longer you make us work, the less production you get from us and the earlier we drop saving you money to spend elsewhere! We know why, we know about greed but it's really time that you thought this out.
Break the circle it's vicious indeed and think about the consequences your policies bring for us in the present and for future generations to come!
New research suggests that workers born after April 1970 will not reach UK State Pension age until they are 71
