Quote:
Originally Posted by cmonstanley
i wouldnt hold my breath on pensioners as that will change, especially after the latest changes, they mean people in ten years will be getting less pension than people get now.
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The system is going to change with those who are pensioners now getting a lower level of pension.......my understanding was that the pension was going up for new pensioners to something in the region of £155 per week....so there will be a two tier pension system.
Now what that will be worth when it arrives is anybody's guess, but those new pensioners will be better equipped as they will get more money at the outset.
Many pensioners who saved for their latter years have seen their income fall dramatically in real terms due to low interest rates eating into the interest on their savings...interest that was to make life just a little bit more comfortable is now non existent and well below the level of inflation.