| £32,000 per year 06:39 - Jan 20 with 19053 views | raynor94 |
Should you be using a food bank?
It's come up this week a nurse has said that's what she earns and can't survive without a food bank.
A Tory mp has said on the airwaves that there is something wrong with her budgetin skills, in this instance i haveto agree with him.
And how does she get a voucher earning that type of money, thoughts? |  |
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| £32,000 per year on 18:16 - Jan 24 with 1023 views | JACKMANANDBOY |
| £32,000 per year on 17:55 - Jan 24 by majorraglan |
It’s absolutely crackers, the kids are going to be up to their necks in debt- 8% is outrageous. |
If you can't pay off the loan it's written off at 50, the taxation is incremental. It's actually additional tax, written as a loan agreement to ensure those moving overseas can be made to pay.
Those earning £30,000 pay bout £20 a month which will have a very small impact on affordability.
The outstanding balance on the student loan is not included in the underwriting of a mortgage.
https://www.student-loan-calculator.co.uk/ [Post edited 24 Jan 2023 18:18]
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| £32,000 per year on 18:46 - Jan 24 with 995 views | majorraglan |
| £32,000 per year on 18:16 - Jan 24 by JACKMANANDBOY |
If you can't pay off the loan it's written off at 50, the taxation is incremental. It's actually additional tax, written as a loan agreement to ensure those moving overseas can be made to pay.
Those earning £30,000 pay bout £20 a month which will have a very small impact on affordability.
The outstanding balance on the student loan is not included in the underwriting of a mortgage.
https://www.student-loan-calculator.co.uk/ [Post edited 24 Jan 2023 18:18]
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There are 5 different loan “plans” and the end dates vary, some are 25 years, done apply until the holder is 65 and under the most recent incarnation English kids on the newest version of student Loans are on a 40 year plan.
Repayments are calculated in to affordability calculations. |  | | |
| £32,000 per year on 18:48 - Jan 24 with 995 views | Treforys_Jack |
| £32,000 per year on 17:53 - Jan 24 by JACKMANANDBOY |
It's always been tough when you start out, my grandfather used to tell me about when he and my grandmother started out, they lived apart for 3 years earning as much as they could to be able to afford to live together.
He ran his own business, only in the 1950s when he was into his forties did he start to feel solvent, eventually he had a profitable business and people started calling him rich.
The only people who benefit from splitting the generations are politicians who are after the younger vote.....vote for me I'll make it better......... |
Your last para is spot on fair play, but people buy into it. I remember going to borrow 1k from the bank and I had to have an interview with the manager and wear a shirt and tie. Now they throw so much credit at people, especially youngsters, they don't really stand a chance, they're deep in debt from the off. Why wait for a nice shiny new car, borrow 20k and worry about it later. |  | | |
| £32,000 per year on 19:06 - Jan 24 with 978 views | ThurrockJack92 |
| £32,000 per year on 17:19 - Jan 24 by raynor94 |
Dear me, you do have thing about pensioners, why so bitter? |
Simply making an observation of the population dynamics and the associated macroeconomics. Being on the receiving end of the negative fallout is enough to make anyone bitter. |  | | |
| £32,000 per year on 19:11 - Jan 24 with 973 views | BryanSwan |
| £32,000 per year on 17:39 - Jan 24 by Treforys_Jack |
Fed up with being castigated by the younger generation for being comfortable in life, times were very hard initially, my wife worked 3 different jobs, I worked long hrs 6 days a week for about 20yrs before being able to drop a few hrs . People seem to want things on a plate these days, the sense of entitlement is staggering. Go to any Costa, Starbucks, Domino's etc and they will be rammed guaranteed. This obviously doesn't apply to everyone and I'll no doubt get pelters, but fed up with being criticised for being reasonably comfortable. Life is hard, it's meant to be, if everything was easy there would be no point.
And no, I've never voted tory in my life. |
Fantastic, you've set up a comfortable life.
Why is life meant to be hard and for people to have to struggle? Surely progression would be making life easier and obtaining a comfortable life easier for our kids and grandchildren. | |
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| £32,000 per year on 19:28 - Jan 24 with 954 views | Flashberryjack |
| £32,000 per year on 19:11 - Jan 24 by BryanSwan |
Fantastic, you've set up a comfortable life.
Why is life meant to be hard and for people to have to struggle? Surely progression would be making life easier and obtaining a comfortable life easier for our kids and grandchildren. |
Life isn't meant to be hard, but you must be lucky or work hard to get what you want out of it, I'm not lucky. |  |
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| £32,000 per year on 20:02 - Jan 24 with 927 views | raynor94 |
| £32,000 per year on 19:06 - Jan 24 by ThurrockJack92 |
Simply making an observation of the population dynamics and the associated macroeconomics. Being on the receiving end of the negative fallout is enough to make anyone bitter. |
Well pardon me if I don't feel any guilt for receiving a basic pension that I contributed to for 42 years | |
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| £32,000 per year on 20:08 - Jan 24 with 898 views | onehunglow |
| £32,000 per year on 20:02 - Jan 24 by raynor94 |
Well pardon me if I don't feel any guilt for receiving a basic pension that I contributed to for 42 years |
You worked
You paid
You deserve it
Many don’t | |
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| £32,000 per year on 20:25 - Jan 24 with 901 views | magicdaps10 |
| £32,000 per year on 19:28 - Jan 24 by Flashberryjack |
Life isn't meant to be hard, but you must be lucky or work hard to get what you want out of it, I'm not lucky. |
You were lucky to be given the chance to work and ultimately work hard in the first place.
There are many millions in the world who wouldn't have that chance in the first place so count yourself very lucky for that opportunity. |  |
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| £32,000 per year on 20:34 - Jan 24 with 887 views | Flashberryjack |
| £32,000 per year on 20:25 - Jan 24 by magicdaps10 |
You were lucky to be given the chance to work and ultimately work hard in the first place.
There are many millions in the world who wouldn't have that chance in the first place so count yourself very lucky for that opportunity. |
Tell that to striking Ambulance drivers, Nurses, train drivers, doctors, postal workers etc | |
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| £32,000 per year on 20:42 - Jan 24 with 876 views | ThurrockJack92 |
| £32,000 per year on 20:02 - Jan 24 by raynor94 |
Well pardon me if I don't feel any guilt for receiving a basic pension that I contributed to for 42 years |
And my point is that I will do exactly the same as you have but will not get a state pension because the tax base will not be a able to support it.
I am not asking you to feel guilty, you had no choice over when you were born. I am only asking for a bit of empathy and acknowledgement of the situation, rather than burying your head in the sand and allowing generations to get f@cked over. | | | |
| £32,000 per year on 20:53 - Jan 24 with 864 views | Sirjohnalot |
| £32,000 per year on 20:34 - Jan 24 by Flashberryjack |
Tell that to striking Ambulance drivers, Nurses, train drivers, doctors, postal workers etc |
Don’t forget us. We’ve been on strike too. Common denominator somewhere here |  | | |
| £32,000 per year on 21:02 - Jan 24 with 847 views | Flashberryjack |
| £32,000 per year on 20:53 - Jan 24 by Sirjohnalot |
Don’t forget us. We’ve been on strike too. Common denominator somewhere here |
You were lucky to be given the chance to work, according to daps10. | |
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| £32,000 per year on 21:04 - Jan 24 with 845 views | raynor94 |
| £32,000 per year on 20:42 - Jan 24 by ThurrockJack92 |
And my point is that I will do exactly the same as you have but will not get a state pension because the tax base will not be a able to support it.
I am not asking you to feel guilty, you had no choice over when you were born. I am only asking for a bit of empathy and acknowledgement of the situation, rather than burying your head in the sand and allowing generations to get f@cked over. |
What is the situation, please explain | |
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| £32,000 per year on 21:13 - Jan 24 with 833 views | BryanSwan |
| £32,000 per year on 19:28 - Jan 24 by Flashberryjack |
Life isn't meant to be hard, but you must be lucky or work hard to get what you want out of it, I'm not lucky. |
I get your sentiments and it is something that is quite true. The only problem i see is that things are just getting worse and harder for young people.
All public services are a shambles, house prices are through the roof (mine has gone up an easy 30k based on area averages over the last 5 years, its mental). There will most likely be no or very little state pension for most under 40.
I'm saving to try and give my kids and grandkids a chance, that shouldn't be the case. Things should be getting better and easier not worse. | |
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| £32,000 per year on 21:13 - Jan 24 with 833 views | pencoedjack |
| £32,000 per year on 20:42 - Jan 24 by ThurrockJack92 |
And my point is that I will do exactly the same as you have but will not get a state pension because the tax base will not be a able to support it.
I am not asking you to feel guilty, you had no choice over when you were born. I am only asking for a bit of empathy and acknowledgement of the situation, rather than burying your head in the sand and allowing generations to get f@cked over. |
Not sure how old you are but I am sure you have the opportunity to work hard & make a good life for yourself. |  | | |
| £32,000 per year on 21:26 - Jan 24 with 825 views | magicdaps10 |
| £32,000 per year on 20:34 - Jan 24 by Flashberryjack |
Tell that to striking Ambulance drivers, Nurses, train drivers, doctors, postal workers etc |
I don't disagree with you there. | |
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| £32,000 per year on 21:27 - Jan 24 with 825 views | ThurrockJack92 |
| £32,000 per year on 21:04 - Jan 24 by raynor94 |
What is the situation, please explain |
At this point I'm sure you are already aware and aren't arguing in good faith. But I'll give you the benefit of the doubt.
The situation is this: The state pension was set up at inception to pay pensions out of taxation from the current working population, rather than your NI contributions being invested for a later date.
This is fine while there are many more people in the workforce than there are people drawing out a pension, but becomes unaffordable when that situation flips, as it will do in the near future with there being many more baby boomers than the generations succeeding them.
It's no one's fault, it's just poor design in the system. It's also precisely why employer DB schemes going the way of the dodo. | | | |
| £32,000 per year on 21:45 - Jan 24 with 802 views | raynor94 |
| £32,000 per year on 21:27 - Jan 24 by ThurrockJack92 |
At this point I'm sure you are already aware and aren't arguing in good faith. But I'll give you the benefit of the doubt.
The situation is this: The state pension was set up at inception to pay pensions out of taxation from the current working population, rather than your NI contributions being invested for a later date.
This is fine while there are many more people in the workforce than there are people drawing out a pension, but becomes unaffordable when that situation flips, as it will do in the near future with there being many more baby boomers than the generations succeeding them.
It's no one's fault, it's just poor design in the system. It's also precisely why employer DB schemes going the way of the dodo. |
You obviously have greater knowledge of this than me.
I certainly hope you are not impacted greatly in the future 👠| |
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| £32,000 per year on 21:46 - Jan 24 with 801 views | Flashberryjack |
| £32,000 per year on 21:13 - Jan 24 by BryanSwan |
I get your sentiments and it is something that is quite true. The only problem i see is that things are just getting worse and harder for young people.
All public services are a shambles, house prices are through the roof (mine has gone up an easy 30k based on area averages over the last 5 years, its mental). There will most likely be no or very little state pension for most under 40.
I'm saving to try and give my kids and grandkids a chance, that shouldn't be the case. Things should be getting better and easier not worse. |
I'm sorry, but we'll have to agree to disagree, life is much easier now than it was.
When I got married, I'd just finished my apprenticeship, and to earn more money I took a job with working hours of 7am to 7pm mon to Fri, 7am to 5pm Sat and 8am to 4pm Sunday.
Plus all the overtime I wanted  | |
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| £32,000 per year on 23:19 - Jan 24 with 754 views | Badgeman |
| £32,000 per year on 21:13 - Jan 24 by pencoedjack |
Not sure how old you are but I am sure you have the opportunity to work hard & make a good life for yourself. |
Excuse us for not thanking you for building a system where that same level of hard work gets us a fraction of what it got you. |  |
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| £32,000 per year on 23:27 - Jan 24 with 749 views | Badgeman |
| £32,000 per year on 21:46 - Jan 24 by Flashberryjack |
I'm sorry, but we'll have to agree to disagree, life is much easier now than it was.
When I got married, I'd just finished my apprenticeship, and to earn more money I took a job with working hours of 7am to 7pm mon to Fri, 7am to 5pm Sat and 8am to 4pm Sunday.
Plus all the overtime I wanted |
Flat earthers like to agree to disagree but they are just as wrong as you are. If you were starting out now instead of when you did, you could put in exactly the same hours and effort and you’d be getting less today. Housing is more expensive, and living standards and life expectancy are falling.
Why is it so hard for you to accept you had it easier than your kids? Is it because to reckon with that fact would bring you shame? | |
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| £32,000 per year on 23:34 - Jan 24 with 746 views | Badgeman |
| £32,000 per year on 21:27 - Jan 24 by ThurrockJack92 |
At this point I'm sure you are already aware and aren't arguing in good faith. But I'll give you the benefit of the doubt.
The situation is this: The state pension was set up at inception to pay pensions out of taxation from the current working population, rather than your NI contributions being invested for a later date.
This is fine while there are many more people in the workforce than there are people drawing out a pension, but becomes unaffordable when that situation flips, as it will do in the near future with there being many more baby boomers than the generations succeeding them.
It's no one's fault, it's just poor design in the system. It's also precisely why employer DB schemes going the way of the dodo. |
Many don’t want to do good faith rational discussion. They are happy consuming a stream of self affirming slurry because their broken view of the world dissolves if it encounters facts.
They’ll rage for pages about how the daily mail told them half the population are scrounges barely pausing to reckon with the fact they are included in the figures. | |
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| £32,000 per year on 00:03 - Jan 25 with 737 views | Treforys_Jack |
| £32,000 per year on 19:11 - Jan 24 by BryanSwan |
Fantastic, you've set up a comfortable life.
Why is life meant to be hard and for people to have to struggle? Surely progression would be making life easier and obtaining a comfortable life easier for our kids and grandchildren. |
If it wasn't hard, it wouldn't be appreciated. Should a 17yr old have the ability to borrow enough money to buy a brand new car. Its irresponsible lending, and the poor kid is 20k in the hole starting off, but my point is, they think it's normal, it isn't. Finance companies, banks, store cards all make obscene profits and need clamping down on. | | | |
| £32,000 per year on 06:55 - Jan 25 with 697 views | JACKMANANDBOY |
| £32,000 per year on 21:27 - Jan 24 by ThurrockJack92 |
At this point I'm sure you are already aware and aren't arguing in good faith. But I'll give you the benefit of the doubt.
The situation is this: The state pension was set up at inception to pay pensions out of taxation from the current working population, rather than your NI contributions being invested for a later date.
This is fine while there are many more people in the workforce than there are people drawing out a pension, but becomes unaffordable when that situation flips, as it will do in the near future with there being many more baby boomers than the generations succeeding them.
It's no one's fault, it's just poor design in the system. It's also precisely why employer DB schemes going the way of the dodo. |
I'd say the initial design was fine, the problem is that successive governments of all types have ignored the problem of changing demographics which is now coming to a head.
We are left with a system that provides a poor pension compared to other countries that is very expensive to run. [Post edited 25 Jan 2023 7:33]
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