Buy-to-let investing could damage your chances of making a million. Here’s where I’d invest instead

first_imgBuy-to-let investing could damage your chances of making a million. Here’s where I’d invest instead Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Michael Taylor does not own shares in Rightmove or Dart Group. The Motley Fool UK has recommended Rightmove. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I understand the appeal of investing in buy-to-let property. I get it – it’s stable and consistent income. But if you want to make a million, then sticking to buy-to-let investing could be harming your chances. Stock markets have typically generated higher returns than property over time. Someone who is focused only on buy to let is missing out on a proven wealth builder in the stock market. One big criticism from property investors is that the stock market is risky, and that people will always need property. That’s true – though house prices can fall too!5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But what if you could get exposure to the stock market’s returns, without taking on too much risk? If you buy five companies, then that’s a very concentrated portfolio. However, diversification is investing’s one free lunch – through owning many shares we protect ourselves from the effects of a bad stock that implodes. For this reason, I believe stock market index trackers are a great way for many private investors to invest in the stock market.A FTSE 100 trackerA FTSE 100 index tracker is an exchange-traded fund (ETF) that buys shares in every FTSE 100 company. That means anyone who buys this ETF owns great companies such as Royal Dutch Shell, Vodafone, and HSBC. It’s instant diversification, and FTSE 100 companies are typically stable and have consistent cash-flows – and consistent dividends. When investing, people should be looking at returns in the long term. If they need that cash within a year or two, then putting that cash into an index tracker is a gamble on the market. Who knows what can happen in two years? But the longer our investment horizon becomes, the more likely it is that we’ll make money. As Benjamin Graham (the father of value investing) said, “In the short run, the market is a voting machine – but in the long run the market is a weighing machine“. An index tracker is relatively simple to set up, and we can even set up direct debit payments every month to automate the process. This means that we’ll be able to take advantage of any weakness in the stock market as we’ll buy more units of the same ETF when the price is low. Individual stocksAs well as a solid tracker fund, I think it makes sense to pick individual stocks, so long as one is comfortable with those risks. Risk can be mitigated by knowing what you’re doing. Picking stocks that have wide moats, with self-sustaining cash inflows, as well as profits and healthy dividends, are proven methods to help avoid losing money. We only need to pick one winning stock to make a lifetime of investing worthwhile, and companies like Rightmove and Dart Group (owner of Jet2) have delivered large returns for shareholders. Are these companies so hidden out of sight that we couldn’t follow the leads ourselves?Sometimes a stock market winner is hiding right in front of us. But if all of your cash is set aside in buy to let, then you could be missing out on that upside.  Enter Your Email Address Michael Taylor | Sunday, 5th January, 2020 | More on: JET2 RMV center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Michael Taylorlast_img read more

Plant a tree with your iPhone

first_img US nonprofits Sustainable Harvest International and Trees for the Future are benefiting from sales of an iPhone app.As Mark Philips pointed out in Plant a tree with your iPhone, “That might seem quite dull, but it’s the potential of the idea that excites me. At it’s heart, this app is a virtual gift (albeit one you buy for yourself)…“From taking the simple tamagotchi style approach of caring for a goat through to a means of providing detailed feedback involving video clips, totalisers and maps showing people where and how they are making a difference, the iPhone is now offering us a new route to bring donors and charities closer together.” Tagged with: Digital Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Plant a tree with your iPhone  44 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  43 total views,  1 views today Howard Lake | 18 January 2010 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

New wealth report highlights potential for Irish charitable sector

first_img  99 total views,  1 views today Advertisement A new report on legacies and wealth transfers says there is ‘enormous potential’ for charitable and philanthropic causes in Ireland.The Community Foundation for Ireland report, Legacies for Good, Wealth Transfers and the Potential for Philanthropy in Ireland, features analysis of the current financial position of Irish households, and examines how household wealth will be passed on to the next generation. It highlights the substantial potential to increase philanthropic giving in Ireland.The report states that the financial position of Irish households has more than fully recovered from the great recession of the late 2000’s. Irish Central Bank estimates puts net household wealth at €727 billion at the end of 2017, which is 1% above the mid-2007 pre-crisis peak, and almost 70% above the depths hit in mid-2012.  It indicates that Irish households together are now wealthier than they have ever been.Irish wealth is highly concentrated with the wealthiest 1% of adults owning 33% of all private wealth in 2017, and the top 5% owning about 50% of that total. It is projected that the total amount of wealth available for inter-generational transfer at death could rise to somewhere between €9.6 billion and €14 billion per annum by the end of the 2017-2036 period, depending on the assumed rate of growth in wealth.The report says the potential is not only a function of the huge wealth transfers that are in prospect, but also reflects the fact that Ireland currently underperforms other jurisdictions in terms of the scale of charitable bequests relative to the UK and USA.In order to realise the potential of the growth in wealth for the charitable sector, the report states that the government should “avail of an early opportunity to restate its policy towards the charitable and philanthropic sector and examine tax incentives”, particularly in relation to inheritance tax, for gifts to charity. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis13 Tagged with: Ireland legacy fundraising Major gift Research / statistics New wealth report highlights potential for Irish charitable sector Howard Lake | 1 October 2018 | News  100 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis13 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

PizzaRev Celebrates Successful Pasadena Opening, Donates $5,400 to Pasadena Humane Society & SPCA

first_img First Heatwave Expected Next Week Community News Subscribe Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment Herbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyEase Up! Snake Massages Are Real And Do Wonders!HerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeauty Giving Back PizzaRev Celebrates Successful Pasadena Opening, Donates $5,400 to Pasadena Humane Society & SPCA From STAFF REPORTS Published on Tuesday, May 20, 2014 | 4:27 pm Your email address will not be published. Required fields are marked * Business News Top of the News center_img Name (required)  Mail (required) (not be published)  Website  Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News More Cool Stuff 8 recommended0 commentsShareShareTweetSharePin it Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena’s new PizzaRev, located at 3455 Foothill Blvd, hosted a successful Grand Opening week, including a “Pizzas for a Purpose” benefit which raised $5,400 for the Pasadena Humane Society & SPCA. Hundreds of guests also came out on Sunday for “Free Pizza Night” at the growing build-your-own artisanal pizza concept – between the two events, several thousand pizzas were served.“There is a great energy around our Pasadena restaurant – we received tremendous feedback from guests who were thrilled to finally try our pizza and to support the Pasadena Humane Society & SPCA,” said Irv Zuckerman, co-CEO and founder of PizzaRev. “We’re lucky to be a part of such a vibrant and charitable community, and we’re looking forward to working with the Pasadena Humane Society and other local organizations in the future.”The new Pasadena restaurant is the ninth and largest PizzaRev location in the greater LA market. PizzaRev’s distinctive “Craft Your Own” pizza assembly process and its “Roman-style” thin & crispy pizza has won a loyal following in the LA area. Guests fully customize their pizzas by choosing their crust, sauce and topping it all off with an array of artisanal cheeses and 30+ fresh ingredients. Each pizza, no matter how many ingredients are selected, costs under $8. Most unique to PizzaRev, and what enables the restaurant’s unprecedented speed of service, is the custom-built, 900-degree stone hearth oven. Pizzas are fired to a perfect, Roman-style crispiness in less than three minutes.“The Pasadena Humane Society thanks PizzaRev for supporting the animals with its generous donation,” said Steve McNall, president and CEO of the Pasadena Humane Society & SPCA. “100 percent of pizza proceeds from the Grand Opening went to our life-saving animal care programs. We look forward to a great partnership and more good food.”To further celebrate entrance into the Pasadena community, PizzaRev is hosting a free-to-enter sweepstakes where five lucky guests will win “Free Pizza for a Year.” Guests can fill out an entry form at the Pasadena location or visit www.pizzarev.com/freepizza/pasadena. Full sweepstakes rules available here.About the Pasadena Humane Society & SPCAThe Pasadena Humane Society & SPCA is an open door, community-funded center, which provides all animals a place where they receive a safe haven, care and respect. The agency provides essential animal welfare and control services for the cities of Arcadia, Glendale, La Cañada Flintridge, Pasadena, Monrovia San Marino, Sierra Madre and South Pasadena. For more information, visit www.pasadenahumane.org.About PizzaRevPizzaRev is a “build-your-own” fast-casual pizza concept that has reinvented the way America eats its favorite food. Guests are empowered to fully customize a personal-sized 11” pizza for under $8. Homemade dough options, flavorful sauces, delicious cheeses, and over 30+ fresh toppings, everything is on display at PizzaRev and assembled right before your eyes. The pizzas are then fired in a 900 degree, stone-hearth oven which produces a thin and crispy Roman-style pizza in just three minutes.Los Angeles-based PizzaRev was founded in 2012 by longtime entertainment industry executives Irv Zuckerman and Rodney Eckerman, along with their sons, Nicholas Eckerman and Jeff Zuckerman. The executive team possesses a combination of Fortune 500 operating experience and high-profile restaurant management. PizzaRev is currently franchising and announced a strategic partnership with Buffalo Wild Wings in 2013. The company currently operates nine corporate restaurants with additional franchise locations under development in Minn., Utah, N.D., S.D., Mo., Texas, and Orange County and San Diego in Calif.Visit www.PizzaRev.com for company news, videos and updated location information. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Aroma Bit obtient un financement d’investissement en capital de la part des sociétés Epson X Investment,…

first_img Facebook Pinterest By Digital AIM Web Support – February 9, 2021 Facebook Twitter Twitter Aroma Bit obtient un financement d’investissement en capital de la part des sociétés Epson X Investment, Kyocera et TechAccel Ventures WhatsAppcenter_img WhatsApp Local NewsBusiness Aroma Bit obtient un financement d’investissement en capital de la part des sociétés Epson X Investment, Kyocera et TechAccel Ventures TAGS  Previous articleCGTN:Xi Jinping adresse ses vœux pour le Nouvel an chinois dans un contexte prospère pour la ChineNext article1954 Ferrari 750 Monza Wins the Peninsula Classics 2020 Best of the Best Award Digital AIM Web Support Pinterestlast_img read more

The Consumers vs. Home Prices

first_img The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Consumers vs. Home Prices The Consumers vs. Home Prices in Daily Dose, Featured, Market Studies, News July 9, 2018 1,252 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago More consumers expect home prices to change, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York (New York Fed). The latest survey found that while short- and medium-term inflation expectations among consumers remained unchanged, they increased 0.2 percentage points in June to 3.9 percent when it came to changes in home prices.This is “well above the 12-month trailing average of 3.3 percent,” the New York Fed said. However, the survey found that the uncertainty around home prices that had reached a 12-month high in May dipped slightly in June.The New York Fed said that median inflation expectations at both the one-year and three-year horizons remained unchanged for the third consecutive month at 3 percent. While the uncertainty over it declined at the one-year level, it increased slightly at the three-year horizon.Though households reported a growth in household income to 2.7 percent, a 0.1 percentage point rise over May, the perceived change in credit availability compared to a year ago worsened slightly in June. According to the survey, the proportion of respondents reporting easier credit access declined to 23.6 percent in June from 23.9 percent in May. However, expectations for credit availability in the year ahead improved slightly from 20.7 percent in May to 21.7 percent in June.After falling in May, median household spending growth expectation increased in June to 3.4 percent. “This reading had increased for three consecutive months at the beginning of the year before dipping in May,” the survey said.Despite the year-ahead expectations of households’ financial situations improved in June—11.8 percent respondents expected to be worse off financially, compared with 13.7 percent in May—more consumers said they were afraid of missing a minimum debt payment. The survey revealed that the average perceived probability of missing a minimum debt payment over the next three months increased for the third month in a row, to 12.4 percent from 11.7 percent in May. Share 1Save Sign up for DS News Daily Related Articles Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Demand Propels Home Prices Upward 2 days agocenter_img consumers Credit Availability debt Home Prices Homes Households HOUSING Income New York Fed 2018-07-09 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Is Homeownership Living Up to Its Potential? Next: Brian Johnson Appointed Acting Deputy Director at BCFP The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: consumers Credit Availability debt Home Prices Homes Households HOUSING Income New York Fed  Print This Postlast_img read more

In View Of Notification For Decongestion Of Prisons During Lockdown, There Is Automatic Extension Of Parole, No Need To Apply For Extension: Bombay HC [Read Order]

first_imgNews UpdatesIn View Of Notification For Decongestion Of Prisons During Lockdown, There Is Automatic Extension Of Parole, No Need To Apply For Extension: Bombay HC [Read Order] Nitish Kashyap16 Sep 2020 4:57 AMShare This – xThe Bombay High Court on Monday held that those prisoners or undertrials who have already been granted emergency parole as per notification dated May 8 for decongestion of prisons in view of the Coronavirus, need not apply for extension of parole once the initial 45 day period is over.Division bench of Justice TV Nalawade and Justice MG Sewlikar of the Aurangabad bench allowed six…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bombay High Court on Monday held that those prisoners or undertrials who have already been granted emergency parole as per notification dated May 8 for decongestion of prisons in view of the Coronavirus, need not apply for extension of parole once the initial 45 day period is over.Division bench of Justice TV Nalawade and Justice MG Sewlikar of the Aurangabad bench allowed six separate petitions filed for the relief of direction to continue the parole already granted by the High Court under the said notification of the Government dated May 8, 2020.The bench observed that previously the High Court has examined and interpreted the said notification, in the case of Dinesh Vs. State and others decided on June 30, 2020. Court said-“In the notification, it is mentioned that the initial period of parole will be 45 days and it shall stand extended periodically in blocks of 30 days each, till such time that the said notification is in force. This Court has laid down that the meaning of this provision is that there will be automatic extension of the parole period till the notification is in force. Even when such meaning is there and the interpretation is done by this Court, it appears that the respondents are asking the prisoners to give an application for extension every time for getting extension of parole.”Then, the bench referred to certain news items in print media and electronic media wherein it was stated that some officials had asked prisoners to give money either to accept their applications or for consideration of their application. Court noted-“When there is automatic extension of parole period, there is no need of giving application every time when parole period expires. In view of lock-down which was declared and the object behind the notification, no other interpretation is possible. It appears that there is also some wrong notion that when the Court has granted parole under order, the period mentioned in the order will come to an end and after that period application will be required. When order is made by the Court under the notification dated 8th May 2020, one needs to go with the presumption that such order is similar to the order made by the Prisoner Authority, Superintendent. Thus, in that case also, no application is required to be made by the prisoners for extension of parole period. So many applications are received of such nature by this Court and that has increased the work of this Court unnecessarily. This Court has already expressed that it is always open to the Government to withdraw the notification and call back the prisoners. That can be done but till the notification is there, the parole period will get extended automatically in view of the aforesaid nature of the Notification. In the result, all these applications are allowed.”Finally, Court declared that the parole period automatically got extended in view of the wordings of the Notification. Court also said that the respondents are to see that no applications for extension of parole period are asked from any prisoner when the prisoners are released by Jail Authority under the notification or due to the order of this Court made under the Notification dated May 8, 2020. The bench said-“Unless the Court has specifically declared that beyond that period there will not be extension of the parole period, the authority needs to go with the presumption that there is automatic extension of the parole period.”Click Here Download Order[Read Order] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

‘Busy back road’ causing havoc

first_img Google+ DL Debate – 24/05/21 Twitter There are urgent calls for major safety issues to be addressed on a busy back road in the Lifford/Stranorlar Municipal District.The route between Crossroads and Stranorlar is said to have serious problems with congestion, speeding, poor surface, and overhanging trees.It has led to calls on the new Transport Minister Eamon Ryan to immediately upgrade the road to regional status so that it can be deemed eligible for appropriate funding.Local Cllr Patrick McGowan says several studies have proven that it needs to have an elevated status:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/07/patrdfggfdfgdfick1pm.wav00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Loganair’s new Derry – Liverpool air service takes off from CODA AudioHomepage BannerNews WhatsApp Pinterest RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population grows ‘Busy back road’ causing havoc FT Report: Derry City 2 St Pats 2 center_img WhatsApp Facebook Previous articleDonegal Youth League format and fixtures confirmedNext articleTourish & McDaid among FAI Award shortlists News Highland Facebook Google+ Twitter News, Sport and Obituaries on Monday May 24th Important message for people attending LUH’s INR clinic By News Highland – July 29, 2020 Pinterestlast_img read more

13-year-old boy bitten by possible shark off Fire Island, authorities investigating a second suspected attack

first_imgiStock/Thinkstock(ISLIP, N.Y.) — Authorities are investigating whether a 13-year-old boy and a 12-year-old girl who both suffered large fish bites in the waters off of Fire Island were victims of shark attacks.Shortly before noon Wednesday, officials said, the girl was bitten while wading in the water at a beach known as Sailors Haven on Fire Island, a barrier beach off the south shore of Long Island.The girl’s mother told ABC News that her daughter is “hanging in there – a little overwhelmed right now.”Soon after that attack, the boy was bitten while boogie boarding in the waters off another Fire Island beach, known as Atlantique, officials said. The two beaches are several miles apart.Emergency medical workers removed a piece of shark tooth from the unidentified boy’s leg, which suffered a puncture wound, according to officials with the Long Island town of Islip. The tooth is now being analyzed to determine the type of shark that attacked.Dueling responses from different officials left some confusion as to what had attacked the two young people.Islip town officials initially confirmed that the boy’s bite was indeed a shark attack, but later issued a statement saying that the 13-year-old was bit by “what may possibly have been a shark.”Neither Suffolk County nor the National Parks Service — which oversees some of Fire Island’s beaches — have yet confirmed that either of the bites came from sharks. County officials said that while the bite appeared to be from a shark, there had so far been no shark sighting.A National Parks Service official told ABC News that the designation of a shark attack must come from the New York State Department of Environmental Conservation.Beaches within the Town of Islip and all Fire Island National Seashore beaches are closed for the day in the wake of the attack.Further west and a few hours after the two attacks, bathers were evacuated from the waters off Robert Moses State Park and Jones Beach after a lifeguard spotted a shark.State police are sending a drone and a helicopter into the air to search the waters for sharks, according to state park officials.The attacks come just days before the July 22 start of Discovery Channel’s annual “Shark Week” programming, now in its 30th year.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Class divide revealed in approach to retirement

first_imgClass divide revealed in approach to retirementOn 26 Oct 2004 in Personnel Today Comments are closed. Previous Article Next Article Professional and managerial employees are twice as likely to save privately for their retirement than blue collar and unskilled manual workers.The latest Personnel Today/NOP research questioned people on their attitudes to retirement, pensions and the ageing workforce and some of the responses highlight the stark differences at either end of the social spectrum.The respondents were categorised into social status, and the research shows that the class divide in the UK, particularly around savings and pensions, is still alive and well.Forty-five per cent of ABs – the highest social status – invest in a private pension, compared with just 22 per cent of DEs – the lowest. More than half (52 per cent) of ABs also have other investments to help prepare for retirement, such as property or shares. This compares with 37 per cent of C2 respondents, and under a third (30 per cent) of DEs.When questioned about which other investment methods they are using to prepare for retirement, 68 per cent of AB respondents said they either have a company or public sector pension, compared with 48 per cent of C2s and 44 per cent of DEs.Two-thirds of working ABs don’t believe they will have to work past the current statutory retirement age of 65, with 40 per cent predicting that they will retire by the time they reach 60, reflecting a superior confidence in their financial security. In contrast, under a third (30 per cent) of working DEs think they will be able to permanently put their feet up before 60. One in 10 in this class were unsure whether they would have to work on past the age of 65.All the classes strongly agreed that the UK workforce is becoming older. However, AB respondents showed a better recognition of the issues surrounding an ageing workforce, with two-thirds agreeing that people currently aged under 30 will have to work until they are 70. Eighty-five per cent of ABs also agreed that most companies in the UK do not want to employ people over 65 – compared with 66 per cent of DEs.  Social Class breakdownAB Upper/middle class, higher/middle managerialC1 Lower middle class, junior managerial (white collar)C2 Working class, skilled manual workers (blue collar)DE Working class, semi/unskilled workers, long-term unemployedA tale of two surveysNOP: Research conducted by telephone interviewSample: All adults aged 15+ Sample size: 999Dates: 1-3 October 2004Personneltoday.com: Online survey Sample: HR professionals in the UK. Sample size: 510Dates: 20 Sept – 18 Oct 2004Do you believe age discrimination is widespread among UK companies?HR 91% yes Public 61% yesPeople over 65 are too old to do most jobsHR 65% disagree Public 73% disagreeMost companies in the UK do not want to employ people over 65HR 88% agree Public 75% agreeThe UK workforce is getting olderHR 84% agree Public 68% agreeCompanies will be forced to accept older staff because of an ageing workforce and skills shortagesHR 88% agree Public 76% agreePeople who are currently under 30 will have to work until they are 70HR 76% agree Public 63% agreeOlder workers are more forgetful than younger colleaguesHR 21% agree Public 26% agreeOlder workers take less sick leave than younger colleaguesHR 75% agree Public 67% agreeOlder workers are more efficient at work than younger colleaguesHR 51% agree Public 60% agree Related posts:No related photos.last_img read more