THE YOUNG'S MISCONCEPTION ABOUT THE BURDEN OF THE ELDERLY

Misconception that The Young are paying for the Elderly.

There is a general view in British Society that the burden of payments to the Elderly are being financed by the Younger Generations. This is rubbish and a complete misconception.
Let us state some facts.........

Many Pensioners like me have paid an Insurance Stamp as well as a contribution from the companies they worked for 47 years.
This has entitled them to a state pension currently at around £6,700 per annum. They had to join the State Pension scheme which as we all know now was a lousy scheme. Inflation over the years has seen to that.
Women receive a lower pension than Men. What a disgrace !
Elderly people who have had a Company Pension scheme, paid for by the Company and not The Young still pay tax which is going to support The Young. One could argue...Why should the Elderly support The Young ?
Those Elderly people who bought their house some 30, 40 or 50 years ago now find they are paying much more in Council Taxes.
So, these taxes gobble up a big part of the State Pension and they are subsidising The Young ! Another reversal of fact.

So, do not talk rubbish you Young People  and insult The Elderly with such views as ....We are subsidising The Elderly....They are a burden on The Young workers. This is simply not true.
When the day arrives that Elderly people die, the Taxmen Vultures are waiting to claim Inheritance Tax running into hundreds of thousands of pounds. Where does the money go ? In part to support and subsidise The Young.

What is the Conclusion ?  False views in Society are dangerous.
Perhaps I have helped to put the record straight. I hope so.

To add salt in the wound, some people say that the Elderly caused the vote to Leave the EU denying The Young their future. What an insult to the Elderly. What a blow to Democracy. The Elderly perhaps have a more balanced opinion based on years of experience. If one reviews the analysis of the Referendum results, you will see that there was a broad church of age groups voting to Leave the EU.

So, the Elderly have paid more into the Treasury over their lifetime than the Young. Their Lifetime knowledge is greater.

One final thought - The Elderly when they were Young spent thousands of pounds raining their young families and in many cases helping to pay for University fees and provide money for items such as a car for their Young ! Sometimes over a 20 years period and beyond.

Thank you Elderly people wherever you are  - you are worth your weight in Gold !