chem1st Posted August 9, 2011 Share Posted August 9, 2011 http://blogs.telegraph.co.uk/finance/ianmcowie/100011392/stock-market-mayhem-wipes-100-a-month-of-thousands-of-pensions/ Thousands of people who are due to retire this month will find their pension income is nearly a fifth lower than what they expected a month ago because of the global stock markets crisis. The rioting on the street may have distracted you from what is happening to pensions. Pensions are getting wiped out. The youth can't afford to pay the debt accrued by the elders. They are out on the streets robbing from the likes of Primark for crying out loud. Inflation is going to wipe out the value of your pensions. Soon people will be marching on the street for wage increases, pensions will be wiped out as inflation and wage inflation are used to reduce the 'debt'. Link to comment Share on other sites More sharing options...
altus Posted August 9, 2011 Share Posted August 9, 2011 When the stock markets go up again, will you post about pension income being nearly a quarter greater than expected? Link to comment Share on other sites More sharing options...
chem1st Posted August 9, 2011 Author Share Posted August 9, 2011 When the stock markets go up again, will you post about pension income being nearly a quarter greater than expected? Quantitative easing will be required to force the stock markets back up, the pensions will rise nominally, but fall in real terms as they fail to keep up with inflation. Pensions are getting wiped out. Link to comment Share on other sites More sharing options...
ratter71 Posted August 9, 2011 Share Posted August 9, 2011 i blame the landlords just preempting direction this thread is going totake in an oh-so predictable manner Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 9, 2011 Share Posted August 9, 2011 i blame the landlords Pensioners should blame the person on whose watch it is happening - George Osborne. And never forget. Link to comment Share on other sites More sharing options...
andyofborg Posted August 9, 2011 Share Posted August 9, 2011 Quantitative easing will be required to force the stock markets back up, the pensions will rise nominally, but fall in real terms as they fail to keep up with inflation. Pensions are getting wiped out. there is no need for quantitative easing the stock markets will rise in september when the real dealers come back from their holidays Link to comment Share on other sites More sharing options...
andyofborg Posted August 9, 2011 Share Posted August 9, 2011 Pensioners should blame the person on whose watch it is happening - George Osborne. And never forget. what do you expect george osborne to do? Link to comment Share on other sites More sharing options...
ratter71 Posted August 9, 2011 Share Posted August 9, 2011 Pensioners should blame the person on whose watch it is happening - George Osborne. And never forget. never forget?? easier said than done with pensioners Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 9, 2011 Share Posted August 9, 2011 what do you expect george osborne to do? Too late. Damage done. Link to comment Share on other sites More sharing options...
ANGELFIRE1 Posted August 9, 2011 Share Posted August 9, 2011 Too late. Damage done. Not a very good reply to a serious question. Please tell - what can Osbourne do. Regards Angel. Link to comment Share on other sites More sharing options...
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