The trouble is, people who've gone through life raking in benefits and contributing nothing towards their state pension get their money topped up to the minimum income guarantee.
It is completely unfair on hard working people

Alan Greenspan was asked about the "pension crisis" in the US some years ago. The truth is the government can create all the money necessary to pay state pensions and isn't constrained by NI or any other tax. We're not on a gold standard. The actual challenge is how we create all the goods and services required by the population (assuming there is sufficient resource potential within the UK economy for the population).

`'You Guess!" and then state 'facts" when you really have absolutely no idea? That is called Fake news and you are trying to raise false worries – bit like your claim that the 80% of employees are all wage slaves and only self employed people are doing worthwhile jobs ( at least that is what I understood your other video to say). facts not opinion are better or at least stop being dogmatic.

In relation to your Video I think you are pretty well off the Mark to be honest. The state Pension compared the other Nations around the world has a lower threshold GDP, we roughly its around the 8% to 9% mark. The age of the population while forecast say its increasing while in fact it is falling around certain areas around Britain. With aging population in the short term by 2030 the actual estimate is that the age will be in free fall. The stats say with people eating more un healthy the poor diet this will translate into the population falling and the birth rate falling year on year. The model presently says the younger generation is unable to support the older generation population density wise via payments through Taxation. With Pandemic on going and higher than average deaths with Cancer and Diabetes in the coming years to come. I think the state pension will be around in 20 years or more. By the time you retire I think you will have a lower state age and a similar state pension compared to todays.

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

They are also crucified private pensions. They blabber on for years for people to take personal responsibility and now those that have are threatened with a massive tax. Let's be brutally honest about their real desires for pensioners

Is that a lego x wing and Tie fighter?

It's funny that some people say there will be not enough jobs and people will get Universal Basic Income others say there will be no pension in the future. wtf.

I'd agree with having it means tested as a millionaire clearly doesn't need a state pension, but taking it away completely would mean a lot of people would be living in absolute poverty!

Ben comes across as a mean lover and an absolute demon to the ladies in the bedroom. Almost as if he makes them beg for it and then turns them down anyway. When I grow up I wanna be just like him💪🏻

I like this channel and watch you guys all the time, but the decision to gloss over that our military budget is essential and uncompromisable is the worst take I've ever seen from you guys, particularly as it opens up a whole other question of politics

I don't know if it was just to fit the narrative of the video or what but sheesh c'mon guys

" Relying on kids who aren't born yet to toil in factories and office buildings to pay for your retirement wih their hard effort " AND ?????? You make it sound like a gross injustice , but this is how state pensions work's isn't it ? isn't that exactly what we and previous generations have had to do ( and are still doing ) to pay the pensions of previous generations ? ( Nb: I can't see many of the future genation ' sweating in factories ' like our fathers did; whatever f

Great content and well researched.

By the way you explain it, it's definitely a Ponzi scheme which is illegal. However, the law doesn't seem to apply to the government.

I was wondering, what’s your recommendation for a stay at home mum? We’re a military family and I have always been home with the children as we have 4 from ages 16 to 1 – and I’m 32 now. I’m registered for child benefit though don’t qualify to claim it being just over the household income bracket. But I have no pension whatsoever other than my national insurance contributions and I’m starting to worry that that won’t mean anything by the time I’m due to retire. Thanks for another great video guys!

There is absolutely no chance that the state pension will be abolished. It would be electoral suicide for any Government to even consider it.

cut our military we dont even use it either that or send them to war already

I hadn’t considered this, very scary but just reminds us that we need take full responsibility and control of our finances

This is pyramid scheme young generation our future won't be great 😒.

Scaremongering bollox

My thought, not really relevant to this video and topic.. Is people seem to really love free stuff/free money but they never think of the things that come with it (higher inflation being the main drawback). The thought came from the employer contribution, if people want more free money then they gotta expect higher product costs (Which just results in more complaining that things are too expensive and inflation is more than wage/benefit growth).

It's channels like this that highlight how little government care. My interest in personal finance has made me hate the government. Watching them borrow and borrow us all into oblivion is depressing. Great content as always lads

Imagine making sacrifices your whole life, investing for your future only to be penalised by the government for having savings compared to people who have made no effort 😢

Yet the ones in charge (Government/Council) workers get to retire at 55 on final salary.
That wants balancing up How's that fair??
Maybe a point of a good video lads guaranteed views on that subject!!!

One of the worst state pensions in the developed world, From one of the richest counties???
Our government and previous governments couldn't run a
P1ss:
Up in a brewery..

We're all doomed.

Answer s simple. Get more young ppl in, either through immigration or encouraging families to have more kids. You can only maintain a pension for the elderly if you have working youngsters to pay for it

Pension leaving or not is the question?

The government will have to stop handing out dodgy contracts to their mates if they want to save the state pension.

Basically, the state pension is in trouble…

Great video 👍

Personally I 100% agree with your comment ie the auto enrolment is going to eventually replace state pension.

People think I’m mad suggesting it. And I probably am, but makes me mildly more interesting.

Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment

Like to new backgrounds

pension isn't a benefit. You have paid towards it in order to qualify.

So the people that have contributed into the system all there working life could potentially get nothing in return🤔 not sure if that adds up

I think some form of universal income will replace the pension and the benefits system eventually .

Yes the state pension is a problem, but the even bigger problem for people who save some money is social care – especially long term residential care. If Boris' reforms actually go ahead, the rise in National Insurance will only raise about half of what's needed. Boris reforms will leave people thinking that the government has got social care covered, when in fact the citizen will pick up an enormous bill. Many large inheritances will be reduced to £20,000 in England and Northern Ireland, but a bit more in Wales.

Clickbait bs

I don’t think they’ll get rid of it political catastrophe for whichever party is in power however I think it will just be pushed back further and further, backed by highly dubious government sponsored “data” suggesting increased life expectancy look forward to your state pension at 85?

I’m sure this is the major reason why the Government seems reluctant to stop/control immigration into the uk.

I am using ‘freeway’ for my early retirement. Made over £3k in rewards in one month. 😳

the great reset by world evil forum says ' you'll own nothing and you'll be happy'. i opted out of pension,. i don't think i'll have any money in my pension when i reach that age.

Private pensions to be raided by chancellor on March 24th? The narrative is already out that 25% tax free lump sum is to go. And that's on top of the already frozen lifetime allowance while inflation surges.