Youngers,
Strictly a Baby Boomer is one who was born between 1945 and 1965 (approx), so having been born in 1942, perhaps I don’t count as part of that generation, although my ever-youthful wife does. However, let me point out a thing or two (or more!)
· Although there was a sort of state funded pension before the creation of the welfare state in 1946, the payouts were meagre and means tested, so when the far more generous provisions were bought in, someone had to pay for them and that was the Baby Boomers as soon as they came of age
· My Grandfather worked for 40 years, my father for 45 years (civil servant) and both benefitted from state pensions which they had not fully funded. I worked for 50 years before getting my state pension and have paid dearly for the now meagre amount I get from the Government. I also still have to find occasional work to “bridge the gap”
· The penury of the UK stems less from the profligacy of the baby Boomers than of their predecessors who indulged in two world wars (sorry dad I know the choice wasn’t yours) and left us bankrupt as a nation and at the mercy of the American money machine
· I had to pay at least 45 years of contributions to get my state pension, but because of the system contributed for all 50 years without additional benefit. There will soon be a requirement to work only 30 years to qualify, even though life spans will be longer from which you will benefit, so don’t tell me that I am a drain on your taxes
· Few baby Boomers went to university; they went straight out to work and like me got their higher education part time. I have studied virtually all my life and funded much of it myself, so any success I have achieved has been down to my own determination and hard work
· I was always told “invest in a private pension and you can’t go wrong”. After 40 years of saving and pension fund raids by Gordon Brown (to pay for current welfare benefits), I find that I have less than I paid in to buy a pension to live on and when I get some work to top it up, the Tax Man takes £1 of every £2 of that off my “free pay” tax allowance
· The current massive borrowing has little to do with Baby Boomers, but the profligacy of successive Governments increasing welfare benefits and creating the dependency society who certainly are not Baby boomers. Play your cards right and you can continually splurge out kids and get £42,000 a year from the state and live in luxury without the need to think about work
· When I was young, there was a thing called a wage stop. If you qualified for benefit, you were not allowed to receive any more that you could have earned at work (less travelling costs), can you imagine the screams of the post Boomers if this were applied today, it would certainly put an end to the cult of absentee fathers as there would be no payout or council accommodation for unmarried mothers
· Healthcare was not crap 20 years ago; it was evolving just like it is today. Whether a state funded system can continue to evolve in an ever more technological and costly care environment is questionable, but 20 years ago the stresses of the changes wrought 40+ years previously were beginning to show and more money from the baby boomers (who had yet to retire) was seen as the only option
· Standards of living today are high, especially when compared to the post war years, until this year the availability of a university education was there for all, although far too few applicants go for the sciences. On benefits, the state has provided this unaffordable parachute for all including unfortunately, the feckless and that is what is costing us all so much. We must do our best to protect all of those in need, but they are being robbed by those who are happy to be parasites
· Don’t worry though, if and when I require the institutional care that I thought I had already paid for, it won’t cost you a penny, they will sell my house out around my ears, so I will have ended up paying for everything anyway
Since 1946 we have all paid for the benefits of our predecessors. Undeniably there are ever fewer to pay for the benefits of those that went before, but most Baby Boomers will be gone by the middle of the century and outgoings will gradually become more affordable as the boomer generations numbers decrease. Then perhaps you can suggest that the Government then in power should make no allowances for your needs and concentrate on paying off the debt that they have run up on your behalf. Whatever you do, don’t say that our generation have not paid their way as your whole life style is based upon the efforts we made in the last half of the 20th Century.
I will stop now as I am beginning to “write the book” again!!
Mike