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TOPIC: Interest rises - Hoorah!
Interest rises - Hoorah! 1 Week, 6 Days ago  
Us savers are now earning a tiny amount to live on, as opposed to a minuscule amount. In the 80s I worked out - at 10% - I had a pension. Forget about that!
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Re:Interest rises - Hoorah! 1 Week, 5 Days ago  
People howling about a rise to 1.75% don't seem to remember the boom years when interest was 10% or higher - causing those of us sensible enough to look to the future to SAVE money for our old age. Due to the appalling governments and stupid global over reactions to media hype and exaggeration, us old people have had to eat into our capital in order to live. Pensions - both state and private - have shrunk in value. I can only exist for 6 months of each year on my State Pension. The other six months of each year are paid for by companies or trusts, covering expenses on projects (most of which don't make money). Extra expenses and costs - health problems; legal problems etc - are often looked after by friends and supporters. But can this go on as I get older? I doubt it; but what can I do? Democracy does not work and society does not care for old people (Covid).
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