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Will lloyds bank go bust11/18/2023 ![]() When they realise it will be coming out of their pockets their attitude changes almost immediately. ![]() Maybe then we wouldn’t get so many people thinking free money is theirs for the taking. Problem is schools should make economics and finance a mandatory subject where people become savvy before they are allowed to vote. When I advise them that the majority of pensions rely on income from stocks like banks their faces drop saying “oh I didn’t realise, I thought it was from savings”? When I point out that savings can earn you 0.05% in interest the penny starts to drop! They think it comes from the tax payer ie treasury. Does everyone know that pensions invest in income stocks like banks? You might be surprised to learn that having spoken to many people about the bank situation the reply was “ so what it’s more money in our pocket” when I ask where does the money come from to deliver their future pension income, they haven’t a clue. Point out to the masses that pensions rely on the bank profits.
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