The self funded retirees.
They would have seen their super funds diminishing before their eyes.
Their cash investments are now being whittled away with the decrease in interest rates (Who would have predicted such an amazing drop yesterday!)
All round living costs increasing daily.
Yes most of them have paid off their mortgages but they still have to live. The pension needs to be increased but how many pensioners are actually able to claim a full aged pension?
Imagine being in Iceland and logging on to your internet banking today and finding out that no transactions are allowed to take place because all assetts have been frozen? If my bank decided to freeze all of it’s depositors assetts, all it would get would be my mortgage account which in my eyes is still way too high. A pensioner with ‘money in the bank’ would have to be shitting themselves in Iceland today.
The Husband jokingly says that if we don’t clear our mortgage we will be reduced to eating dog food when we are elderly. I always reply that lentils are cheaper than dog food. I really hope that no elderly person will be facing that choice in the future.
Now for those of you who like pretty pictures and graphs, check this out
Financial Crisis in graphics from the BBC news