Correct, however not for me personally, but for the younger generations and the generations after that. It is called a social conscience, something clearly the bulls lack.
But you've already admitted that your "socially-conscientious" policies would cause the middle-class harm.
And given your non-PPoR-owning status, this is harm that will not impact you.
So you desire to inflict harm on others, at no cost to yourself, and you think of yourself as morally superior for doing so.
Peter Once again, you continue your troll in saying that 'I' am the only one supporting policy changes and that "I" want changes just for me. You clearly demonstrate a complete lack of any social conscience at all in continuing to claim that "I' make these policy suggestions so "I" can get a house. You continue to fail and reduce your standing.
70% do not own a house, that is BS broker talk. 31% are outright owners, the rest are mortgage holders.
Are you still claiming that the current retirees are boomers?....lol The vast majority of boomers have not retired yet. Got it?
Once again, I never said to scree granny out of her house, that is you still trolling. I said they should remain in-place and take advantage of the PLS.
Yes the people retiring NOW are BOOMERS. The current crop of retirees and the group who are about to retire are the only people that HSBC would be surveying - that is the target market for their research.
The percentage of people who completely own their home by retirement is not the same as the percentage of people who own on aggregate. You quoted the wrong figure. Upon retirement about 70% of them OWN their house. It's not anything to do with brokers - we don't see many people in the mid sixties or seventies - they own their house.
Again I ask - why is this difficult to understand?
Any expressed market opinion is my own and is not to be taken as financial advice
And your sock and trolling is obvious.... I never said the middle class would be harmed at all, I stated the opoosite.
Sober is spot on - you are shouting from the rooftops a program designed to hurt 70% of people but NOT YOU and then you falsely claim some moral higher ground.
You are a hypocrite, and a big one at that.
Any expressed market opinion is my own and is not to be taken as financial advice
Sober is spot on - you are shouting from the rooftops a program designed to hurt 70% of people but NOT YOU and then you falsely claim some moral higher ground.
You are a hypocrite, and a big one at that.
Peter Nice try, but as big as fail as you claiming the HSBC study is about the boomer attitudes.
Sober I stand by that saying that I doubt the middle class would be harmed much by inc the PPOR into the asset test. Once again, anyone with a VG amount over $500k, is NOT middle class.
Peter Nice try, but as big as fail as you claiming the HSBC study is about the boomer attitudes.
Oh really!!! Why would they be out there surveying 85 year olds - they are surveying their clients who are about to retire or who have just retired. I would expect the demographic to be almost entirely boomers.
That's the target market for their financial services.
From the report:-
Quote:
Life after work?
The latest report, Life after work?, is the ninth in the series and represents the views of more than 16,000 people in 15 countries taken between July 2012 and April 2013.
This report* compares the experience of recent retirees with the expectations of those still working, revealing some important lessons for future retirees. It explores the transition into retirement, the pattern of income, spending and saving in retirement, leaving a legacy and how retirement hopes and aspirations match up to the reality. It also suggests actions that may help people to plan a better financial future.
The Boomers started retiring in 2011 - the recent retirees in 2013 are largely NOT the previous generation.
Sober I stand by that saying that I doubt the middle class would be harmed much by inc the PPOR into the asset test. Once again, anyone with a VG amount over $500k, is NOT middle class.
So where is your authority for this particular definition of the middle class, hypocrite?
Oh really!!! Why would they be out there surveying 85 year olds - they are surveying their clients who are about to retire or who have just retired. I would expect the demographic to be almost entirely boomers.
That's the target market for their financial services.
Peter, the study clearly state the ssurvey is of retiress, not working boomers. Boy, you really like digging a hole for yourself.
Figure 2 - This shows how many 'middle class' would be effected. None by the look of it as this this is the market value of the house and land, not the VG amount.
Peter Nice try, but as big as fail as you claiming the HSBC study is about the boomer attitudes.
Sober I stand by that saying that I doubt the middle class would be harmed much by inc the PPOR into the asset test. Once again, anyone with a VG amount over $500k, is NOT middle class.
All boomers I know want to leave something for their children. I think that the whole SKIN thing is just a marketing ploy by mobile home and grab-a-granny cruise vendors. I'm sure a particular type is attracted to it, maybe you are one of those?
Are you saying that anyone with over $500k in a PPOR at retirement is above middle class? You must live in a small back-water where house prices are cheap.
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