Pension changes proposed.

[kengillard]

The Productivity Commission has suggested that the pension age be lifted to 70.

Also that those pensioners who own their own home have an "equity release" applied (basically a reverse mortgage)  and paid to the govt.   Hope it doesn't happen!!

[polksaladallie]

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@georgiajake2010 wrote:
Paid in advance? Why not put that extra money in a bank account for their retirement?? Instead of clogging up the welfare system and moaning about how they are so hard done by - it's pathetic. You knew you were you going to get old - should've made a plan for it

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You have no idea, do you, how your crass comments can hurt others.  You and your parents are sailing through life with seemingly no problems, and you have no clue whatsoever what life can deal out to some.  Perhaps an apopogy is in order, to me, for one, and to many others here who have struggled for years, not to buy investment houses and sit around counting the money and drinking Chardonnay, but just to survive.

[lionrose.7]

I cant even look at spam in the super market after reading that book.

[twinkles**stars]

Many women were stay at home mums, running hubby's business from home. No super for them. Then divorce comes into the factor....no one thinks or predicts what the future may hold.

OP says they are 37????? Really?

[kengillard]

I started this thread Twinkles and I'm 75.....   that 37 year old really doesn't have a clue!  as someone said, come back when you're 70 and tell us how smart you are then.

[twinkles**stars]

sorry Gill....my apologies. Multi tasking is the excuse I will use ♥

[the_hawk*]

The comments from one poster are either totaly from ignorance or they are a wind up because no normal thinking person can be so (umm whats the words)

[the_hawk*]

One small point that's been missed by the masses are the pension benefits that even self retirees will no longer be entitled to.

Like all the concessions for many services.

I think they see the older australians as a cash cow to strip to cover their mismanagment of the wealth we and our parents built for this country.

[lyndal1838]

Hawk, I don't think that poster is winding us up.

I have seen similar sentiments from her many times over the years in other threads. She sees everything in black and white and believes that if you want to do something like save for your retirement then it will just happen.

She and her family are quite perfect and life has never thrown them a curve ball.

I guess there are some families like that, but they would be in the minority.

[*crikey*mate*]

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@the_hawk* wrote:

The comments from one poster are either totaly from ignorance or they are a wind up because no normal thinking person can be so (umm whats the words)

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there are none

[cherry*135]

I wonder what anyone, who criticises retired people with low retirements funds, have done themselves since leaving school and starting work regarding  saving/investing for their retirement. Parents may have done well, but why not mention what they have done themselves so far (in general terms) to save/invest for their own retirement...working full time since they left school, single parent on Govt benefit, or what?