The Government's concern at the low level of savings among working people seems singularly naive. Does it not realise government policy is one of the reasons?
Those who save throughout their lives, buy their own homes and so on are punished for having done so when they grow old and perhaps sick.
The means-testing of many benefits and the policy on the funding of care for the elderly militate against those who have harboured their resources throughout their working lives.
For those who have spent their way through life, the taxpayer pays. There is no incentive to save, for the Government stands to get it in the end.
-R F Osborne, Rushlake Close, Coldean
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article