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Income: Grey Vote
2.5 Million Pensioners Living on Penury
This is an amazing number, 5% of the population and some 25% of the pensioners are living below the poverty line. Some because they never earned enough money to save for a pension. Others because of their own circumstances did not allow it and others because their pensions were mislaid by the pension fund or the likes of Maxwell. This is voting power, there are more pensioners in trouble than any of the other voting sectors, but who seems to recieve the attention from this government not, its seem the Grey Voter... Something will of course happen, the comparison is of course unfair but it will be drawn, basically because the problem will not go away. The savings arguments get shot down time and time again. the income paid to pensioners has to come from the pockets of other workers it either comes from dividends paid by companies of by taxes paid by the worker. Either way its money not being paid to the worker. The myth that a savings pile is no drain on the economy has been ignored by governemts because it has suited them. So now it has to change or will it? Working longer is no guarentee of income its simply a way of not being a pension burden, unfortunatly the Civil Servant pension is now in the gun sights and as a large proportion of these pensions are small, watch out those over a certain amount. |
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