tag:blogger.com,1999:blog-2249851329008146395.post10748653629262082..comments2023-10-30T09:11:12.922-07:00Comments on Clouded Outlook: A nation of paupersAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2249851329008146395.post-43497454303164664462008-11-18T09:16:00.000-08:002008-11-18T09:16:00.000-08:00Several reasons why the retirement question is imp...Several reasons why the retirement question is important, according to that chart:<br><br>1) What savings can they retire on?<br>2) If the stock market crash took down their pension plan, what can they retire on?<br>3) If its defined benefit, then how many companies go bust / cut back on capex to fund pension plan?<br><br>And of course where does the government get the tax income to fund the gold-plated sponsor-a-layabout pension schemes?Nick von Miseshttp://www.blogger.com/profile/03985951853422897135noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-46555024674774217272008-11-18T09:26:00.000-08:002008-11-18T09:26:00.000-08:00Is it really that bad; OMG.Is it really that bad; OMG.London estate agentnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-46668635563634829762008-11-18T10:51:00.000-08:002008-11-18T10:51:00.000-08:00I am comfortably in the final 13 percent, but am s...I am comfortably in the final 13 percent, but am still treated like garbage by UK banks. The UK is still a socialist state with little respect for real wealth and hard work. I won't feel sorry for anyone losing their jobs until I get my arse covered in kisses by the service industry and banks in this country: my arse is very kiss-free right now, so twist in the wind!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-71938052535380210422008-11-18T11:20:00.000-08:002008-11-18T11:20:00.000-08:00Do these stats include private pension savings? Co...Do these stats include private pension savings? Cos if they do we ARE screwed! And what about public sector pensions which are a sort of saving as well. Are they included too?sobersnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-28248003316116608282008-11-18T11:33:00.000-08:002008-11-18T11:33:00.000-08:00We should set up our own bank with sound moral fou...We should set up our own bank with sound moral foundations and sensible/safe investment ethics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-11178126022834551222008-11-18T11:59:00.000-08:002008-11-18T11:59:00.000-08:00On the plus side, the limit for DSS assistance is ...On the plus side, the limit for DSS assistance is 16K in savings. Of course, they don't count house equity.<br>So around 82% of people who have lost their jobs will qualify for assistance.<br>Hurrah !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-82869997338295411592008-11-18T14:55:00.000-08:002008-11-18T14:55:00.000-08:00How do they know?How do they know?deariemenoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-11199008802635718042008-11-18T16:28:00.000-08:002008-11-18T16:28:00.000-08:00"And what about public sector pensions which ..."And what about public sector pensions which are a sort of saving as well."<br><br>A sort of saving in the sense that no money has been saved.Nick von Miseshttp://www.blogger.com/profile/03985951853422897135noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-71908590181196458262008-11-19T01:25:00.000-08:002008-11-19T01:25:00.000-08:00If this chart is correct then only 13% of the UK p...If this chart is correct then only 13% of the UK population can afford a one bedroom flat in London at a 25% deposit.<br><br>..wait.. hold on...<br>Oh yeah, that explains a lot of things.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-9339191254899524912008-11-19T01:37:00.000-08:002008-11-19T01:37:00.000-08:00Quote: "A sort of saving in the sense that no...Quote: "A sort of saving in the sense that no money has been saved."<br><br>Not 100% true because some public sector employees pay pension contributions. Obviously not enough to pay for their benefits, as the taxpayer has to make up the rest. But they do pay something.sobersnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-90225462096043281562008-11-19T01:55:00.000-08:002008-11-19T01:55:00.000-08:00If banks reduce their rates, they will lose their ...If banks reduce their rates, they will lose their savers.<br>Savings rates are an insult to prudence.<br>I just received an e-mail from Bradford and Bingley telling me that they have reduced the rate on my internet account by the full 1.5%.... 5 minutes later I had closed the account !<br>I strongly advise others to move money as well to send out a clear message to banks and building societies !!!Markbaldynoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-36643044980494741792008-11-19T04:46:00.000-08:002008-11-19T04:46:00.000-08:00Move your money to where exactly? Japan? Europe? A...Move your money to where exactly? Japan? Europe? America?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-73261274358000448902008-11-19T07:32:00.000-08:002008-11-19T07:32:00.000-08:00"Not 100% true because some public sector emp..."Not 100% true because some public sector employees pay pension contributions."<br><br>1) Public sector doesn't pay tax. It's a nominal transaction.<br><br>2) There's no NI fund. The money goes straight back out to the chavs welfare cheques.Nick von Miseshttp://www.blogger.com/profile/03985951853422897135noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-11460897534126066542008-11-19T07:38:00.000-08:002008-11-19T07:38:00.000-08:00Anon@12:46 - Move the cash to Denmark! Bank intere...Anon@12:46 - Move the cash to Denmark! <br><br>Bank interest on deposits are from 4.75% on a current account to 6.5%; guaranteed by the Danish Govern... err... Taxpayers up to an unlimited amount. Even my boooring local bank pays 5% on 3 month deposit. <br><br>http://www.fih.dk/privat/fajensennoreply@blogger.com