Will somebody please think of the children!

lemonjelly wrote: »

http://www.dcsf.gov.uk/pns/DisplayPN.cgi?pn_id=2010_0075

Seems somebody already has, & our hosting big fella :money: is throwing his weight behind the campaign to improve financial education for the current youth.

Hopefully, this could promote much more financial responsibility, & discourage such an over-reliance on credit, potentially reducing the risk of future credit crunch style scenarios...

If this actually happened, the econonmy would be back into a recession so quickly, Hamish would have to employ his own team of spin doctors.

Thinking of the children is good though. Very good. They are all in poverty.

but to be financially savvy you do sort of need a job as well. quite hard to do a budget with nothing.

i read recently that the average amount of extra income earned over the lifetime for graduates compared to non graduates has now dropped to just 130k. barely half the cost of raising a child. given that you will also have taken on extra debt to fund that increased earning potential things look tougher and tougher for the younger generation.

FATBALLZ wrote: »

The kids are financially screwed anyway, years of policies designed to appease the baby-boomers has seen to that. They may as well have no aspirations as they are just setting themselves up for disappointment. May as well get a beemer on finance and default and let extra costs to boomers paying for their beemers from unearned mortgage equity pick up the tab.

Oh no it's my fault again but I do love driving around in my beemer but it is a pain living in my kids shed now I’ve sold my house to pay for beemer

FATBALLZ wrote: »

The kids are financially screwed anyway, years of policies designed to appease the baby-boomers has seen to that. They may as well have no aspirations as they are just setting themselves up for disappointment. May as well get a beemer on finance and default and let extra costs to boomers paying for their beemers from unearned mortgage equity pick up the tab.

Here we go again. (Unfortunately there's no yawn icon here.)

That's it, blame your parents, rather than more correctly, the 'government', the banks and other financial institutions, the rise of computer technology, making many jobs (and whole industries) redundant, globalization, and general human greed.

Why don't you grow up and just get on with life, rather than whining about how unfair it is to you? You'll inherit your parents' 'unearned mortgage equity' – which is more than they did from their parents.

Sapphire wrote: »

Here we go again. (Unfortunately there's no yawn icon here.)

That's it, blame your parents, rather than more correctly, the 'government', the banks and other financial institutions, the rise of computer technology, making many jobs (and whole industries) redundant, globalization, and general human greed.

Why don't you grow up and just get on with life, rather than whining about how unfair it is to you? You'll inherit your parents' 'unearned mortgage equity' – which is more than they did from their parents.

I wasn't blaming my parents, I was blaming the policies

These classes could do with teaching about different opportunities and economies abroad though, a lot of school age kids are going to need to emigrate to make something of their lives. It's a long time til my kids leave school but as things are I'll be suggesting emigration to them when the time comes (if I haven't already done it myself).