I have two private pensions, plus swmbo has one, plus both state pensions when we retire.
Im speaking about principles, what I believe to be right and wrong. Nothing to do with my individual circumstances or anyone elses.
Doesnt really matter what weve paid in any more Steve. Most of us will take for more out than we put in, one way or another.
The national debt is way past £2 trillion with no sign of slowing down. Its an enormous car crash waiting to happen. Its just a matter of when.
It wont be our generation, but we are knowingly passing it on to future generations, and thats just wrong.
My generation got the Second World War debt passed on to us, we got through, although we were always skint. Our National debt is so high now partly because of coronavirus, I don't think we can be blamed for that. Two trillion sounds like a huge amount of money but, when I was a lad, a pint of double diamond was 10p, a similar drink would probably be £3-3.50 now, that's inflation. I don't know, but could probably find out, what our debt to GDP ratio is right now. But I'm betting it's not the highest it's ever been.
My only answer to the next generation thing is that we're paying quite a bit to put our lad through uni and, as it's looking highly likely he'll start a PhD in September, that will continue for another three years, so seven in all.
I certainly do not worry about the financial future of our country, simply because there's nothing I, personally, can do about it. We are not in a unique position in the world, and these things have a way of working themselves out. Cheer up, lad