I love how people took him seriously. More to the point though these days people who get pensions are very lucky. I myself am one of those lucky few who get a pention in a private sector company. I saw on BBC new North East last night, a young man of 21 who was striking, he'd been working in the public sector for 1 year, earned 16k and had a pension, but he was going to have to work for longer and his pension wouldn't be as good. Although he said he was greatfull for all of this he still was on strike, yet never seemed to think about the fact he had a job and a private pension, things that a lot of people in this country don't have at the minute.
On the topic of credit. I've always had cards, i use them for my insurance, getting a interest free card getting insurance and paying it off, always at 0%. Now this year has been horrid for the Zed, everything that can go wrong has gone wrong and without the funds in the bank. I've put these on my card but always knowing i can make the payments and if worse comes to worse i sell the car and pay it off. Now this year i'm going to be paying it off and not living quite as i'd like but i know that in a few months i'll be debt free and i know i have that restraint. Also my cards are always 0% playing the shuffle game.
Cards are usefull but just spending and spending on them and one day realising that you can't pay them off is just silly. i remember watching a program on BBC1 afaik and a woman paid just the minimum, on a 1.5k card with a 16.9% interest APR. it would cost her 5k and 16 years to pay off. Why would you ever do that?!
My 2p