Rising cost of living

[Jaymoss]

Something has to be done about it. If predictions come true my energy bills will literally be over half my total income. If it was not for the £400 from October my bills would be a 1/3 of my total income. I have been in what they call energy poverty since they coined the name.

If it was not for the fact the DWP make it nigh on impossible to claim PIP I would but there is no way I could handle the stress of the claim

[Pierre]

Originally Posted by Jaymoss

Something has to be done about it. If predictions come true my energy bills will literally be over half my total income

Maybe……don’t believe the predictions.

Remember, over the last 3 ( or more) years, who has been feeding you that information and then consider how many of those predictions over that time have come to pass………………………..

[jfman]

I hope Pierre's energy provider takes payment in tin foil he has left over from making hats.

[Jaymoss]

Originally Posted by Pierre

Maybe……don’t believe the predictions.

Remember, over the last 3 ( or more) years, who has been feeding you that information and then consider how many of those predictions over that time have come to pass………………………..

The last one Martin Lewis gave was pretty close

[jfman]

The Telegraph's boomers are unrepentant. Not paid for anything their entire lives why should they start now.

https://12ft.io/proxy?q=https%3A%2F%...op-dead-day%2F

It's time for the young to pay for us and stop complaining

[Sephiroth]

Originally Posted by jfman

The Telegraph's boomers are unrepentant. Not paid for anything their entire lives why should they start now.

https://12ft.io/proxy?q=https%3A%2F%...op-dead-day%2F

My taxes have paid for everyone else.

[papa smurf]

Originally Posted by Sephiroth

My taxes have paid for everyone else.

Same here mate, I've kept a generation in luxury.

[OLD BOY]

Originally Posted by jfman

The Telegraph's boomers are unrepentant. Not paid for anything their entire lives why should they start now.

https://12ft.io/proxy?q=https%3A%2F%...op-dead-day%2F

Don't be ridiculous, jfman. Most of the baby boomers have worked hard all their lives and paid their taxes, unlike many of the younger generation, who seem to be content doing their own thing and claiming benefits. Not to mention claiming wads from the Bank of Mum and Dad.

[jfman]

Originally Posted by OLD BOY

Don't be ridiculous, jfman. Most of the baby boomers have worked hard all their lives and paid their taxes, unlike many of the younger generation, who seem to be content doing their own thing and claiming benefits. Not to mention claiming wads from the Bank of Mum and Dad.

Yet despite all this tax paid, windfalls of privatisation, oil, the national debt shows no evidence that previous generations did anything other than squander it all and rack up £2 trillion of debt.

No surplus of all those pension pots sitting waiting to be extracted at retirement. We just have debt piling on to the young you are so dismissive of. Your contempt for them perhaps explains your acceptance that they should pay for you.

[tweetiepooh]

If the next rounds of increases in energy works the same as the last with the standing charge being a large component even the most careful user is going to see big bill rises.


My wife and I just miss out on being boomers (officially) but we too have worked, paid our taxes, paid into pensions, lived within our means. The only loans we had were mortgage and a short term interest free loan from a friend to buy a car until endowments paid up (4-5 months).

[1andrew1]

Originally Posted by tweetiepooh

If the next rounds of increases in energy works the same as the last with the standing charge being a large component even the most careful user is going to see big bill rises.

That standing charge is there to pay for the energy providers that went to the wall due to the Government's poor energy strategy and poor regulation.

[jfman]

My new fix starts today - standing charge goes from £51 to £365 a year. Totally unlinked to the cost of providing energy at my address. But hey, go free market!

With the state pension, you didn't pay into it but paid for the retirees then. This model is obviously unequal if the 'boomers' paid for a much smaller number of retirees than exists now.

But the real problem with generational inequality is housing. Housing is a much bigger expense for younger people now than it was 20/30 years ago and this is a huge driver of the economic insecurity younger people feel, more money goes on rent and fewer people can afford to buy. The average age of a homeowner keeps increasing. This also means younger people face a more uncertain retirement as they can afford to put less into private pension and they'll have fewer assets when they retire. Their assets are currently going to landlords.

[1andrew1]

Originally Posted by jfman

My new fix starts today - standing charge goes from £51 to £365 a year. Totally unlinked to the cost of providing energy at my address. But hey, go free market!

An ongoing charge for a poor energy strategy. Related to the implications of supplying you with incompetent governance more than supplying you with energy.

[Jaymoss]

is that standing charge rise for both fuels combined? it is currently 72p per day combined