Catherine Bennett in The Guardian
As Tony Blair repeatedly confirms, and John Cridland notes in his interim report on the state pension age, a “significant” number of workers who left the labour market before the age of 63 “wish they had postponed their retirement”.
In many ways, the response to Blair’s longing for a second act, in full knowledge of his power irredeemably to contaminate any political project, is a timely reminder to younger workers, as the retirement age rises, of the need to plan ahead. Leave early – whether for reasons of ill health, burn-out or for being universally denounced as an avaricious, world-blighting menace – and it may prove almost impossible, as the TUC recently noted, for the older worker to find another job.
But with his determination to defy the above obstacles, Blair is also a terrific example of the model, can-do, older worker. One whose undimmed desire to serve – or do incalculable harm to his own side – so compellingly supports the proposition, one especially dear to British politicians, that increased longevity should naturally be accompanied by an ever-extended working life. Cridland, the former Confederation of British Industry chief, is the latest to reassess the retirement age and is still consulting for a report due next year.
As it stands, the state’s reward for scientific advances that should usher millions more people into their 90s is the raised retirement age of 68 (rescheduled for 2041), the highest in the OECD. Behind Cridland’s interim report is the expectation, supposing longevity keeps increasing, that it should be raised again.
Quite why the British older worker should, if only in this respect, have become synonymous with drudgery, has never, so far as I can discover, been explained. Maybe decades of strong tea are what helps our oldest people to become, with their furious, late-onset capacity for record-breaking productivity, the envy of the world. Or maybe younger workers, or the politicians who should represent their interests, are lamentably passive. As it is, with their proved success in delivering, by adjusting the retirement age, what are, in effect, huge fines on generations too youthful and busy to notice, there is every reason for British politicians to continue to impose penalties for age-defying insouciance.
And with so much to divert public attention, now is the perfect time for the pensions minister, Richard Harrington, to mention that he has asked the Government Actuary’s Department to recalculate life expectancy and project what might be a nifty way of relieving younger generations of a few more hundred billion pounds – if the percentage of adult life (from the age of 20) considered eligible for state-pensioned retirement were lowered from the current 33.3% to 32%. “People are living and working longer than ever before,” Harrington said. “That is why it is important we get this right to ensure the system stays fair and sustainable for generations to come.” Or, alternatively, until modern medicine buys the government another year or two’s pension deferral.
Supposing the lower figure were adopted, a pension consultant told the Telegraph, the government “would struggle to find a more politically painless way to take £8,000 off tens of millions of people”. Moreover, if and when affected workers began to make a fuss, many of those responsible would, themselves, be safely retired on final salary pensions, and protected, as Women Against State Pension Inequality protests – by 50s-born women obliged to work beyond 60 – has shown, by intergenerational indifference.
Described by the New Statesman, in its article “Tony Blair’s Unfinished Business”, as looking “anything but broken” – and allegedly reminiscent of the figure whose cojones were so esteemed by George Bush – the tanned Blair, no less than orangeTrump, is, in contrast, a poster boy for the five decades of toil that will, if some pension lobbyists have their way, become the norm in the UK and the US. Trump’s example was somewhat compromised, in this respect, by his age-related insulting of Hillary Clinton. “Importantly,” he said, “she [also] lacks the mental and physical stamina to take on Isis and all the many adversaries we face.”
As many future, almost 70-year-old workers may eventually discover, strategies for reducing age prejudice and intergenerational resentment have failed – largely through not existing – to keep pace with deferments of state pensionable age and the end of obligatory retirement. Outside politics and the BBC, and anywhere else Farage’s “big silverback gorillas” are not delightedly deferred to, the lingering presence of pension-defying, grandparent-age colleagues can, one gathers, be distinctly unwelcome to co-workers – and not only those hoping for promotion within the next century or so.
The recent proposal, by the Financial Times columnist Lucy Kellaway, that older graduates consider, like her, a pre-retirement switch to teaching elicited some wry responses from members of a profession where the average retirement age is 59. For instance: “Teaching is a young person’s game.”
The word “ageism” does not appear in Cridland’s 100-page report, a document that may not only cheer politicians praying for the go-ahead on 70, but reassure anyone who fears – whether from experience, or from listening too closely to health officials, or from reading too much literature – that advancing age and physical decline are in any way connected.
“Old age isn’t a battle,” thinks one of Philip Roth’s ageing protagonists. “Old age is a massacre.” Not any more, to judge by the cheerful Cridland. “Longevity is changing the pensions landscape.”
A decade after Roth’s Everyman, Cridland depicts many of us as promisingly situated for the payment or, rather, non-payment, of pensions, since, with “quite substantial” geographical variations, “healthy life expectancy (the proportion of life someone can expect to spend in ‘good’ or ‘very good’ health) appears to be keeping track with overall life expectancy”. If a man aged 65 can expect around nine years of good health, some will ask: why not use up over half of those at work?
It is for academics and actuaries to judge how Cridland’s analysis squares with the gloomier conclusions of a 2015 government report: Trends in Life Expectancy and Healthy Life Expectancy. Its key finding: “Increases in health expectancies in the UK are not keeping pace with gains in life expectancy, particularly at older ages.”
Still, if Cridland is willing to factor into his pension recommendations the assumption of protracted liveliness in Britain’s long living over 65s, Generations X and Y may want to consider how this sunny outlook might feature in their own career plans. With flexibility on the government’s part they could offer to work, say, between 70 and 80, later if the actuaries agree, in exchange for a state pension in their 20s or 30s. Just in case, through sheer over-optimism, a Cridland-influenced proposal keeps them indentured until the last five years, or less, of healthy life.
Any interested generations have until 31 December to tell Mr Cridland how they feel about becoming the oldest non-pensioners in the developed world.
Sunday 27 November 2016
Saturday 26 November 2016
My year of no spending is over – here's how I got through it
Michelle McGagh in The Guardian
Just over 12 months ago I gave myself a challenge: give up spending on all but the essentials for a whole year. I started on Friday 27 November, just as many other people were hitting the shops. It hasn’t always been easy, but a year on I am wealthier and wiser. Embarrassingly, I have also realised just how much money I’ve squandered down the pub, in restaurants and through mindless shopping.
The challenge
As a personal finance journalist people assumed I was good with money but while I wrote a lot about the merits of saving, I wasn’t practising what I preached. I figured that because I earned a good wage, didn’t have any credit card debt and my bank account was in the black, I didn’t need to worry about how much money was leaving my account.
I was spending without thinking, lured in by advertising and the promise that I could spend my way to happiness. I was stuck in a cycle of consumerism – earning money to buy stuff I didn’t really need, which wasn’t making me happy.
Giving up spending for a year was an extreme approach, but the aim was to embrace extreme frugality, shake up my spending habits and overpay my mortgage instead of shopping. I could continue to pay my bills, including mortgages, utilities, broadband, phone bill, charity donations, life insurances, money to help my family and basic groceries.
I’ve learned to shop for food in a better way than I did before – I have planned meals, batch-cooked and improved my dire cooking skills slightly. My husband agreed to do the grocery part of the challenge with me this year and we reduced our weekly shop (which covered three meals each a day, toiletries and house cleaning products) to £31.60 a week.
Just over 12 months ago I gave myself a challenge: give up spending on all but the essentials for a whole year. I started on Friday 27 November, just as many other people were hitting the shops. It hasn’t always been easy, but a year on I am wealthier and wiser. Embarrassingly, I have also realised just how much money I’ve squandered down the pub, in restaurants and through mindless shopping.
The challenge
As a personal finance journalist people assumed I was good with money but while I wrote a lot about the merits of saving, I wasn’t practising what I preached. I figured that because I earned a good wage, didn’t have any credit card debt and my bank account was in the black, I didn’t need to worry about how much money was leaving my account.
I was spending without thinking, lured in by advertising and the promise that I could spend my way to happiness. I was stuck in a cycle of consumerism – earning money to buy stuff I didn’t really need, which wasn’t making me happy.
Giving up spending for a year was an extreme approach, but the aim was to embrace extreme frugality, shake up my spending habits and overpay my mortgage instead of shopping. I could continue to pay my bills, including mortgages, utilities, broadband, phone bill, charity donations, life insurances, money to help my family and basic groceries.
I’ve learned to shop for food in a better way than I did before – I have planned meals, batch-cooked and improved my dire cooking skills slightly. My husband agreed to do the grocery part of the challenge with me this year and we reduced our weekly shop (which covered three meals each a day, toiletries and house cleaning products) to £31.60 a week.
Michelle McGagh’s cycle became her best friend.
Finding a new way to live
There were two instances in the last year when I had to put my hand in my pocket. The first was on a cycling holiday when I spent £1.95 on a bag of chips because there was nothing to eat in the only local shop except for pork pies. The second was when my next door neighbour – who didn’t know I was on a no-spending challenge – had given a roofer the OK to fix a missing tile between our terrace house and his. The work had already been done and the roofer paid. It cost £100 and we owed him £50 so I paid up. I’m not too upset by the fact I’ve paid out £51.95 all year.
I’m not going to pretend it was easy, especially in the first few months when I tried to live my old life without money and found it wasn’t working. There were plenty of times I wanted to abandon it and indulge in some retail therapy, buy a pint in the pub, or even just purchase a bus ticket instead of getting on my bike for another journey.
But I realised I just had to find new ways to have fun that didn’t include putting my hand in my pocket and defaulting to the pub. Using sites such as Eventbrite I have been to film screenings, wine tasting evenings and theatre productions for free. I’ve also used SRO Audiences to see comedy shows and TV programmes being filmed, and none of it cost me anything.
Living in London I have a wealth of free cultural activities on my doorstep and I’ve been to more art exhibitions this year than ever before – my favourite being First Thursdays, where 150 galleries in east London open late and hold private views and talks.
I even managed a free holiday, cycling the Suffolk and Norfolk coast and camping on beaches. It’s something I’d never done before and probably wouldn’t have, were it not for the challenge – and now I can’t wait to go again next year.
I would like thank those who engaged with me on social media to say they were enforcing their own spending bans
There were lows, such as when I missed gigs and blockbuster films. And I’ve not been able to join friends when they have gone out for a nice meal. There have also been some awkward moments when I’ve turned up to a friend’s house for dinner empty-handed because I couldn’t buy a bottle of wine as a thank you. I did a lot of washing up at my friends’ houses this year as a way of saying thanks for feeding me.
The savings
After my expenses were met, I started overpaying my mortgage. We also took in a lodger, and my savings and their rent have helped us pay off an extra 10% of our loan.
Paying off a large chunk of the mortgage has made me realise that I don’t have to stay indebted to the bank for another 25 years like it wants me to and that I have an option to pay it off earlier. By getting rid of my mortgage faster I not only cut the amount of time I spend paying it off but also the interest I pay to the bank.
I’m grateful to have disposable income to save and feel I should make the most of it – I hope I have encouraged other people to reconsider their spending patterns too. I would like to say thank you to those who engaged with me on social media to say they were enforcing their own spending bans whether on clothes or a month-long ban – they all helped me keep my resolve.
That’s not to say that everyone was happy about my experiment, with some accusing me of poverty tourism, but there is a big difference between poverty and frugality. This experiment was not about living in poverty because poverty isn’t a choice. I could still pay my mortgage, bills and food. The last year has been an experiment in extreme frugality and choosing not to buy, rather than not having a choice.
Finding a new way to live
There were two instances in the last year when I had to put my hand in my pocket. The first was on a cycling holiday when I spent £1.95 on a bag of chips because there was nothing to eat in the only local shop except for pork pies. The second was when my next door neighbour – who didn’t know I was on a no-spending challenge – had given a roofer the OK to fix a missing tile between our terrace house and his. The work had already been done and the roofer paid. It cost £100 and we owed him £50 so I paid up. I’m not too upset by the fact I’ve paid out £51.95 all year.
I’m not going to pretend it was easy, especially in the first few months when I tried to live my old life without money and found it wasn’t working. There were plenty of times I wanted to abandon it and indulge in some retail therapy, buy a pint in the pub, or even just purchase a bus ticket instead of getting on my bike for another journey.
But I realised I just had to find new ways to have fun that didn’t include putting my hand in my pocket and defaulting to the pub. Using sites such as Eventbrite I have been to film screenings, wine tasting evenings and theatre productions for free. I’ve also used SRO Audiences to see comedy shows and TV programmes being filmed, and none of it cost me anything.
Living in London I have a wealth of free cultural activities on my doorstep and I’ve been to more art exhibitions this year than ever before – my favourite being First Thursdays, where 150 galleries in east London open late and hold private views and talks.
I even managed a free holiday, cycling the Suffolk and Norfolk coast and camping on beaches. It’s something I’d never done before and probably wouldn’t have, were it not for the challenge – and now I can’t wait to go again next year.
I would like thank those who engaged with me on social media to say they were enforcing their own spending bans
There were lows, such as when I missed gigs and blockbuster films. And I’ve not been able to join friends when they have gone out for a nice meal. There have also been some awkward moments when I’ve turned up to a friend’s house for dinner empty-handed because I couldn’t buy a bottle of wine as a thank you. I did a lot of washing up at my friends’ houses this year as a way of saying thanks for feeding me.
The savings
After my expenses were met, I started overpaying my mortgage. We also took in a lodger, and my savings and their rent have helped us pay off an extra 10% of our loan.
Paying off a large chunk of the mortgage has made me realise that I don’t have to stay indebted to the bank for another 25 years like it wants me to and that I have an option to pay it off earlier. By getting rid of my mortgage faster I not only cut the amount of time I spend paying it off but also the interest I pay to the bank.
I’m grateful to have disposable income to save and feel I should make the most of it – I hope I have encouraged other people to reconsider their spending patterns too. I would like to say thank you to those who engaged with me on social media to say they were enforcing their own spending bans whether on clothes or a month-long ban – they all helped me keep my resolve.
That’s not to say that everyone was happy about my experiment, with some accusing me of poverty tourism, but there is a big difference between poverty and frugality. This experiment was not about living in poverty because poverty isn’t a choice. I could still pay my mortgage, bills and food. The last year has been an experiment in extreme frugality and choosing not to buy, rather than not having a choice.
Michelle McGagh’s jeans have seen better days
Despite the awkward moments and missing out, this year has been the shove I needed to try new things. The best thing about the challenge is that I’ve been willing to say ‘yes’ more and that I’ve become more adventurous.Having the choice to spend, or not, is a privilege and I have become far more aware of why we buy. I have come to realise that consumerism keeps us chained to our desks, working to earn money to spend on stuff we think will make our lives better. And when the stuff doesn’t make us happy, we go back to work to earn more money to buy something else. The last 12 months have allowed me to step outside this cycle and I can honestly say I’m happier now. I’ve gained confidence and skills, done things I would never have done and met lovely people I wouldn’t have otherwise met.
Many people have said to me, “I bet you can’t wait to get down the shops and have a splurge”, but in all honesty, I’m not interested in hitting the shops. There are a few practical items I need to replace, such as jeans and trainers, and my bike could do with a decent service but that’s about it. I have one more day of no spending to get through and after that there are just two things I will be buying this weekend: a round of drinks for my friends and family to say thanks for their support, followed by a flight to see my grandad in Ireland.
A year of no spending has taught me what things I really need, and it really isn’t that much.
Five things I really missed
There were lots of big events and nights out I expected to miss out on, but there were some small, more everyday items that I hadn’t expected to miss quite so much.
Decent curry: I’m not the best cook and my home-made curries just can’t compete with my local takeaway.
Fresh flowers: I realised how much I’d missed flowers at home when I was sent a bunch for my birthday – they brightened my home and my mood.
Moisturiser: this didn’t make it on to the “essentials” list, which was probably a mistake judging by my wind-whipped face.
Perfume: my Lidl deodorant stood up to the test of cycling everywhere but a spritz of perfume may have helped me feel a bit more human and less of a sweaty mess.
The bus: while I love cycling, not being able to get on the bus in the cold and rain could be trying; taking the bus, especially to meetings where I had to look smart, would have been a big plus.
Despite the awkward moments and missing out, this year has been the shove I needed to try new things. The best thing about the challenge is that I’ve been willing to say ‘yes’ more and that I’ve become more adventurous.Having the choice to spend, or not, is a privilege and I have become far more aware of why we buy. I have come to realise that consumerism keeps us chained to our desks, working to earn money to spend on stuff we think will make our lives better. And when the stuff doesn’t make us happy, we go back to work to earn more money to buy something else. The last 12 months have allowed me to step outside this cycle and I can honestly say I’m happier now. I’ve gained confidence and skills, done things I would never have done and met lovely people I wouldn’t have otherwise met.
Many people have said to me, “I bet you can’t wait to get down the shops and have a splurge”, but in all honesty, I’m not interested in hitting the shops. There are a few practical items I need to replace, such as jeans and trainers, and my bike could do with a decent service but that’s about it. I have one more day of no spending to get through and after that there are just two things I will be buying this weekend: a round of drinks for my friends and family to say thanks for their support, followed by a flight to see my grandad in Ireland.
A year of no spending has taught me what things I really need, and it really isn’t that much.
Five things I really missed
There were lots of big events and nights out I expected to miss out on, but there were some small, more everyday items that I hadn’t expected to miss quite so much.
Decent curry: I’m not the best cook and my home-made curries just can’t compete with my local takeaway.
Fresh flowers: I realised how much I’d missed flowers at home when I was sent a bunch for my birthday – they brightened my home and my mood.
Moisturiser: this didn’t make it on to the “essentials” list, which was probably a mistake judging by my wind-whipped face.
Perfume: my Lidl deodorant stood up to the test of cycling everywhere but a spritz of perfume may have helped me feel a bit more human and less of a sweaty mess.
The bus: while I love cycling, not being able to get on the bus in the cold and rain could be trying; taking the bus, especially to meetings where I had to look smart, would have been a big plus.
How to delete yourself from the Internet
Harriet Marsden in Indy100
In our smartphone-obsessed digital age, we effectively live our entire lives online, which makes us increasingly vulnerable to unseen threats.
Cyber crime, fraud and identity theft are exponentially growing concerns. Our personal lives, locations, and increasingly our passwords are made public online for anyone to find.
If the highly invasive Investigatory Powers Bill (AKA the Snooper's Charter) isn't blocked, then every single digital move you make will be recorded for up to 12 months.
Also, infinite junk mails.
But erasing your digital trace from the World Wide Web can seem overwhelming, especially since each person has on average 1,000,000,000 preferences, passwords, subscriptions and linked accounts. So how would you go about tracking them all down?
In step two Swedish developers, with the easy-assemble, Ikea-style approach.
Wille Dahlbo and Linus Unnebäck have created Deseat.me, which allows you to log in with a Google account, and immediately see which apps and services are linked to it.
The genius part is, instead of having to search all those accounts separately, the site links you directly to the relevant unsubscribe page for that service. It's easy, efficient, and free.
Unfortunately, thusfar the service is only available for accounts and subscriptions linked to Google, which leaves your Hotmail, Yahoo and AOL-related content untouched.
For a similar service, you can use Just Delete Me or Account Killer, both massive directories of links to delete account pages. However, these are only effective when you know the accounts you have.
Here are some other helpful hacks to help ease your digital footprint:
Change your passwords - billions are now available online, and letter-only English-word passwords are the easiest to crack
Consider using symbols and numbers, as well as different passwords for different accounts
Delete unnecessary social media accounts - this could also benefit mental health and productivity
For any accounts you deem necessary, check privacy settings (also consider whether your Instagram page needs to be public)
Since 2013, every tweet posted from your Twitter account from 2006 onwards is archived, even if you delete your account. Consider converting your privacy settings so only approved followers can read your tweets
For undeletable accounts such as Evernote and Pinterest, change your name to a pseudonym, create a random email address to reassign, and delete all the information
Go to 'My Activity' section of your Google account, wipe all search/location history and change account preferences
Similarly, delete all activity from other search engines such as Yahoo and Bing
Consider using a search engine that doesn't track your activity (e.g. DuckDuckGo) rather than Google or Bing
Make sure you click 'unsubscribe' at the bottom of each spam email, before blocking it
Request that search engines delete certain results about you (e.g. via a URL removal tool)
Consider employing the services of a data clearinghouse - although this can be a lengthy and time consuming process
In our smartphone-obsessed digital age, we effectively live our entire lives online, which makes us increasingly vulnerable to unseen threats.
Cyber crime, fraud and identity theft are exponentially growing concerns. Our personal lives, locations, and increasingly our passwords are made public online for anyone to find.
If the highly invasive Investigatory Powers Bill (AKA the Snooper's Charter) isn't blocked, then every single digital move you make will be recorded for up to 12 months.
Also, infinite junk mails.
But erasing your digital trace from the World Wide Web can seem overwhelming, especially since each person has on average 1,000,000,000 preferences, passwords, subscriptions and linked accounts. So how would you go about tracking them all down?
In step two Swedish developers, with the easy-assemble, Ikea-style approach.
Wille Dahlbo and Linus Unnebäck have created Deseat.me, which allows you to log in with a Google account, and immediately see which apps and services are linked to it.
The genius part is, instead of having to search all those accounts separately, the site links you directly to the relevant unsubscribe page for that service. It's easy, efficient, and free.
Unfortunately, thusfar the service is only available for accounts and subscriptions linked to Google, which leaves your Hotmail, Yahoo and AOL-related content untouched.
For a similar service, you can use Just Delete Me or Account Killer, both massive directories of links to delete account pages. However, these are only effective when you know the accounts you have.
Here are some other helpful hacks to help ease your digital footprint:
Change your passwords - billions are now available online, and letter-only English-word passwords are the easiest to crack
Consider using symbols and numbers, as well as different passwords for different accounts
Delete unnecessary social media accounts - this could also benefit mental health and productivity
For any accounts you deem necessary, check privacy settings (also consider whether your Instagram page needs to be public)
Since 2013, every tweet posted from your Twitter account from 2006 onwards is archived, even if you delete your account. Consider converting your privacy settings so only approved followers can read your tweets
For undeletable accounts such as Evernote and Pinterest, change your name to a pseudonym, create a random email address to reassign, and delete all the information
Go to 'My Activity' section of your Google account, wipe all search/location history and change account preferences
Similarly, delete all activity from other search engines such as Yahoo and Bing
Consider using a search engine that doesn't track your activity (e.g. DuckDuckGo) rather than Google or Bing
Make sure you click 'unsubscribe' at the bottom of each spam email, before blocking it
Request that search engines delete certain results about you (e.g. via a URL removal tool)
Consider employing the services of a data clearinghouse - although this can be a lengthy and time consuming process
- Check with your phone company to make sure your number isn't listed online, and request that they do not post your details in future
- Remove yourself from data collection sites such as Spokeo, Whitepages and PeopleFinder - this can be difficult, so consider paying for a service like DeleteMe
Warne and Jayawardene Tutorial on Bowling Spin and Batting against Spin
Warne and Jayawardene on Bowling and Battling Spin
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