home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   soc.retirement      For seniors: retirement, aging, geronto      157,025 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 156,927 of 157,025   
   abelard to All   
   Re: Why Britain's state pension time bom   
   04 Mar 24 15:16:48   
   
   XPost: uk.politics.misc, alt.fan.rush-limbaugh, alt.society.liberalism   
   XPost: talk.politics.misc   
   From: abelard@abelard.org   
      
   On Sun, 3 Mar 2024 20:09:53 -0500, "63h.1504" <63h.1503@f3t3w.net>   
   wrote:   
      
   >On 3/3/24 9:44 AM, abelard wrote:   
   >> On Sun, 3 Mar 2024 08:17:29 -0000 (UTC), useapen   
   >>  wrote:   
   >>   
   >>> The last Baby Boomer turns 60 this year. Many born between 1946 and 1964   
   >>> have already retired, and millions more will follow in the coming years,   
   >>> with the number of people reaching state pension age forecast to hit a   
   >>> record 800,000 in 2028 for the first time. By then the earliest anyone   
   >>> will be able to claim their state pension will be 67, up from 66 today.   
   >>   
   >> we can easily meet any particular pension   
   >>   
   >> a lot is about choice   
   >> we could all choose to walk or cycle   
   >>   
   >> read this from the '30s   
   >> "Economic Possibilities For Our Grandchildren." keynes   
   >> (many coppies on the net)   
   >   
   >   The UK is suffering from the same demographic crisis as   
   >   much of the 1st world - drastic reduction in birthrates   
   >   create a fatal gap ... no youth, no money, to support the   
   >   older gens. The success of the 1st world after WW2 led   
   >   people to believe they didn't need nine kids to protect   
   >   them in their old age.   
   >   
   >   And it was true ... for awhile.   
   >   
   >   The very worst off is S.Korea - birthrate of 0.71 at last   
   >   tally. Bare "replacement" is 2.1 per.   
   >   
   >   Countries are importing 3rd-world people in droves - no   
   >   matter how they frame it for political reasons - to try   
   >   and cope. It may serve for one more gen, but much beyond   
   >   that the original "nations/cultures" are DEAD, completely   
   >   replaced by "the help".   
   >   
   >   The UK does not have the money to boost the pension system,   
   >   or the medical system, or much of ANY system. Like so many   
   >   others it's been a debt economy for a long time - does not   
   >   create enough product/profit to pay the bills and keeps   
   >   falling further and further behind the curve.   
   >   
   >   The pension system in the USA is also, technically, in huge   
   >   debt. However there's a trick to that figure - the reason is   
   >   that rather than create politically unpopular new taxes the   
   >   pols kept borrowing from the pension fund - a "secret piggy   
   >   bank" - where it would go unnoticed. Alas the USA is kind of   
   >   in the same sort of boat as the UK, just not QUITE so close   
   >   to sinking. Same factors involved though, same outcomes ensured.   
   >   
   >   In any case, feet and bikes will not save the UK - indeed   
   >   just make business less efficient. Unless a meteor wipes   
   >   out China and India and FORCES the 1st-world to become   
   >   self-sufficient again, well, they will be excavating and   
   >   arguing about the downfall 5000 years from now. Will likely   
   >   think Churchill took tea with Queen Boudica at The Shard  :-)   
      
   it isn't about money...it's about choices and technology   
      
   there are now robot dogs being road tested as guide   
     dogs for the blind   
   soon cars will not require drivers...robots are being developed   
       as carers   
      
   the world changes....it is not static with predictable outcomes   
      
   the changes are everywhere   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca