Say bye bye to retirement

[TheFuturist]

Theyre talking about a new retirement age of between 76 and 81 and 15% of salary annual pension contributions

[Inaayah]

Now why would this be a concern for a little so called 21 yr old boy?



Hmmmm

[Adali]

^^somali man at the age of 21 has alot of pressure. My parents always add 5 years to my age making me 30:(

OP forget about retirement, start building multiple long term passive income streams.

[Inaayah]

Adali wallahi every Somali guy I've come across lately have all flexed they're 21.
Yaab bu Ilaahey i tusay. The blatant lies. I'm like, there's no biological clock ticking in there homie, why you lying for

[Adali]

Inaayah how old are you? I'm 25;)

[Inaayah]

Adali- I'm claiming 17.

[Adali]

I believe you can pull it off

[Susu000]

This is the reasons for the financial crisis in the Mediterranean countries. And the youth moving to London, Canada etc. Newly graduated youths could not get jobs because of the positions being occupied by elders who were well above 65.

[X.Playa]

Theyre talking about a new retirement age of between 76 and 81 and 15% of salary annual pension contributions

Its basically a 15% tax that's all, less then 10% of men will make it past 70 , more women would make it past 70 but that's even is small. They are just trying to tax people but hide it by increasing the retirement age to make it impossible to be living at the age they pegged the benefit to begin. Why the need to increase the age of qualification even?? the system is in surpluses , the neo liberalist and conservative cant resist that money just sitting there for the working class , they have to break and rob that piggy bank. And increasing the age is one scheme , privatization is another , with Hillary Clinton or Trump win , it would be the beginning of the end for pension.

[TheFuturist]

Theyre talking about a new retirement age of between 76 and 81 and 15% of salary annual pension contributions

Its basically a 15% tax that's all, less then 10% of men will make it past 70 , more women would make it past 70 but that's even is small. They are just trying to tax people but hide it by increasing the retirement age to make it impossible to be living at the age they pegged the benefit to begin. Why the need to increase the age of qualification even?? the system is in surpluses , the neo liberalist and conservative cant resist that money just sitting there for the working class , they have to break and rob that piggy bank. And increasing the age is one scheme , privatization is another , with Hillary Clinton or Trump win , it would be the beginning of the end for pension.

This is UK specific

[X.Playa]

the same group is pushing this agenda, this is not something unique to UK, the USA will follow and Canada, the west is ruled by these same groups under different outfits.

[TheFuturist]

the same group is pushing this agenda, this is not something unique to UK, the USA will follow and Canada, the west is ruled by these same groups under different outfits.

Same thing is happening all over Europe.

Part of the problem is falling birthrates + an ageing population = a demographic crisis. This is why Germany is absolutely desperate for immigrants. They either take more immigrants, have more children or retire at 80.

[X.Playa]

That's the rational but the aim of these nep liberalism is to privatize the pension and make profit, they don't give a fuckkk about couple old geezers, but for now they have to feign concern.

[TheFuturist]

That's the rational but the aim of these nep liberalism is to privatize the pension and make profit, they don't give a fuckkk about couple old geezers, but for now they have to feign concern.

It's a Conservative government, im not surprised, they are heartless b@stards. They don't care about the ordinary people, as long as they fill their pockets and the pockets of their corporate friends.

They are very sneaky though, especially Cameron's government who manage to carry out major policy changed through the backdoor. They give with one hand and take with another. For example, people can now get their pensions in a lump sum and they will no longer be forced to buy annuities. So in theory people can get their money straight away. However, this means of course that they will not have access to means tested state benefits because they will be classed as having cash assets. The big win is for financial services companies, who will be able to sell them many new products, and of course the government can take the money to pay for social care services if they need it.

This was the last cabinet, 23 out of 29 of them are multi-millionaires, with the wealthiest member of parliament being worth $400 million.

[X.Playa]

Once they allow certain individuals to cash out they have successfully destroyed the collective safety net and encouraged the individualistic disease. Once that takes place in health care, unemployment insurance , the entire system is privatised right under the eyes of the demoralised broken left, Tony Blair successed in breaking the back of the left in UK through betrayal and Bill Clinton and Barack Obama have done with the left in the US.