State pension increase - good, bad, indifferent

[speedyman]

crankedup5 said:

Bluequay said:

crankedup5 said:

vulture1 said:

crankedup5 said:

I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.

Everyone's pay has degraded.
This seems to be the argument of all the unions that in reqlbterms we are 20 30 40% worse off than 10 years ago.
But the whole country is poorer as the rest of the world gets better off.
Offshore jobs to India and China manufacturing them wonder why your standard of living isndropping

Not disagreeing with your comments at all, however looking at the pay levels of the private sector v public sector it is very notable that the private sector have increased the pay gap substancially over the public sector. Looking at the period of the 2010 - 2022. But yes living standards across the board, with a few exceptions. have dropped. BTW I looked at the New Statesman graphs published.

According to the IFS when you include pension contributions average public sector renumeration is 6% higher than the private sector.

Indeed so, the problem has arisen now that erosion of pay through inflation and below inflation pay awards has led to the current issue. You cant live on pension contributions before you retire which means baked beans on toast for years. No easy answers, maybe don’t work in the public sector and we are seeing the results of that in the NHS right now.

It's also been erroded by some CEOs having pay freezes, dispite their companies making record profits partly funded by the actual pay freezes which go to only a few at the top. And that's how the rich poor divide has been going for years and it's got worse over the last twenty five years. Perhaps instead of means testing the poor we should means test the rich.

[TwigtheWonderkid]

turbobloke said:

TwigtheWonderkid said:

Glosphil said:

10.1‰ extra on the state pension is around £1,000 per year so equivalent to less than 3% on the average wage. The rises in petrol, food & energy costs are just the same for us.

But the rises in mortgage costs and commuting costs are not. Plus the increases in food and clothes just apply to you, you're not feeding and clothing your children.

Is it not fair?

You know so much about PHer backgrounds, not from stalking obviously, just impressive extra sensory perception.

Nearby a pensioner couple have just welcomed one of their adult offspring back, such things happen for obvious reasons if you're wideawake. As to individual cases well who knows, and with not knowing there's always ageist guesswork.

https://www.thisismoney.co.uk/money/saving/article...

Does their adult offspring have to be fed and clothed and given pocket money. Perhaps they need school uniform bought for them too.

[turbobloke]

ESP

[James6112]

10.1% is a pay cut
Inflation now 10.4% (prices won’t come down, that’s a given)

Still working for a couple more years.
My costs are actually less than last year by shopping around & getting lucky with a fixed energy deal (then given £400!)

Edited by James6112 on Thursday 23 March 18:09