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    • beckythemadcow
    • By beckythemadcow 23rd Oct 12, 12:10 PM
    • 133 Posts
    • 209 Thanks
    beckythemadcow
    • #2
    • 23rd Oct 12, 12:10 PM
    • #2
    • 23rd Oct 12, 12:10 PM
    I think this is really difficult to judge. My parents had children and mum was a SAHM mum when my age, so things would have been tight, however they could afford a home of their own, which I cannot.
    • billbennett
    • By billbennett 23rd Oct 12, 12:14 PM
    • 2,271 Posts
    • 1,623 Thanks
    billbennett
    • #3
    • 23rd Oct 12, 12:14 PM
    • #3
    • 23rd Oct 12, 12:14 PM
    It's hard to tell - prices are different, so really this poll needs to be accompanied by an inflation calculator.
    In "Monopoly", what makes the "Super Tax" so super?
    • Coveredinbees!!!!
    • By Coveredinbees!!!! 23rd Oct 12, 12:20 PM
    • 3,126 Posts
    • 1,946 Thanks
    Coveredinbees!!!!
    • #4
    • 23rd Oct 12, 12:20 PM
    • #4
    • 23rd Oct 12, 12:20 PM
    yea can't answer it, not comparing like with like. I'm worth more asset wise but no richer

    • seven-day-weekend
    • By seven-day-weekend 23rd Oct 12, 12:23 PM
    • 27,824 Posts
    • 51,039 Thanks
    seven-day-weekend
    • #5
    • 23rd Oct 12, 12:23 PM
    • #5
    • 23rd Oct 12, 12:23 PM
    I'm substantially better off. I own my own house outright (they could not afford one), have a car (they did not), and up until recently owned a second home as well .This is now sold and I have money in the bank.

    I'm a baby boomer
    To love someone is to learn the song in their heart and to sing it to them when they have forgotten it
    'I believe in Christianity as I believe that the sun has risen. Not only because I see it, but because I see everything by it': C.S. Lewis
    St. Augustine — 'In essentials, unity; in non-essentials, liberty; in all things, charity.'
    • SAMFOB
    • By SAMFOB 23rd Oct 12, 12:39 PM
    • 52 Posts
    • 50 Thanks
    SAMFOB
    • #6
    • 23rd Oct 12, 12:39 PM
    • #6
    • 23rd Oct 12, 12:39 PM
    ..............................
    Last edited by SAMFOB; 11-10-2013 at 11:45 AM.
    • McKneff
    • By McKneff 23rd Oct 12, 12:48 PM
    • 34,737 Posts
    • 44,730 Thanks
    McKneff
    • #7
    • 23rd Oct 12, 12:48 PM
    • #7
    • 23rd Oct 12, 12:48 PM
    I'm substantially better off. I own my own house outright (they could not afford one), have a car (they did not), and up until recently owned a second home as well .This is now sold and I have money in the bank.

    I'm a baby boomer
    Originally posted by seven-day-weekend
    Me too, my parents would have thought they had won the Pools if they had what we had in property and savings.

    I expect our offsprings to be substantially better off than we are.

    ~They are naturally going to get half of our estate each and half of their spouses estates.
    No one can make you feel inferior without your consent
    • Casanova
    • By Casanova 23rd Oct 12, 1:10 PM
    • 50 Posts
    • 45 Thanks
    Casanova
    • #8
    • 23rd Oct 12, 1:10 PM
    • #8
    • 23rd Oct 12, 1:10 PM
    I'm 27. My parents hadn't met at this age, but they'd both owned houses for a long time (my dad bought his first at 18, my mother at 20!). Both my parents had just bought their first new car around this time (my mum a Fiat Strada, my dad a Cavalier). My mum worked in local government and my dad was selling windows. Both had savings, no student debt and no personal debt except their respective mortgages.

    I have no savings, can't afford a house and have five-figure personal debt and the same again in student debt. Although I reckon I'm probably earning more in real terms than either of them was at my age, I am certainly worse off.
    Last edited by Casanova; 23-10-2012 at 1:14 PM. Reason: !
    The most beautiful thing
    • SailorSam
    • By SailorSam 23rd Oct 12, 1:19 PM
    • 21,125 Posts
    • 36,378 Thanks
    SailorSam
    • #9
    • 23rd Oct 12, 1:19 PM
    • #9
    • 23rd Oct 12, 1:19 PM
    I'm on benefits at the moment so can't really say i'm well off but i came from a one parent family in a Council flat and we'd live on egg & chips; had second hand furniture, and holidays in Rhyl only 'cos my Nan had a caravan. I suppose i'm better off now.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
    • mystic_trev
    • By mystic_trev 23rd Oct 12, 1:23 PM
    • 5,074 Posts
    • 15,028 Thanks
    mystic_trev
    My Father retired at 65.

    I retired at 42 - 16 years ago!

    It was thanks to my Parents guidance, that I was able to achieve so much at an early age. Wealth and happiness
    Last edited by mystic_trev; 23-10-2012 at 1:26 PM.
    • drinkupretty
    • By drinkupretty 23rd Oct 12, 1:31 PM
    • 2,665 Posts
    • 6,399 Thanks
    drinkupretty
    At my age my parents were established in their careers and owned their own homes. I have just began in my chosen career have never owned my own home and can barely afford rent. Go figure.
    "I thought what I'd do was, I'd pretend I was one of those deaf-mutes"
  • Tantawan99
    yea can't answer it, not comparing like with like. I'm worth more asset wise but no richer
    Originally posted by Coveredinbees!!!!


    Fully agree with Coveredinbees,,,We’re talking wealth and income here,,, income is definitely more , but outgoings also more, so i would have to say that yes i have more wealth, but i am certainly not as rich....
  • catmonkey85
    I am better off. I have expendable income after mortgage etc. My Mum didn't - but she had 2 kids and I don't have any!
    • Brallaqueen
    • By Brallaqueen 23rd Oct 12, 4:49 PM
    • 1,335 Posts
    • 2,477 Thanks
    Brallaqueen
    yes and No. in 1970's my dad was bringing home the equivalent of 40k a year, mum was a SAHM of 4 children ( 4 to come) however my mum never got to see it as 90% went on the beer and the horses. On paper they were flush but in real life my mum was rooting through his pockets to pay the mortgage.
    Emergency savings: 4600
    0% Credit card: 1965.00
    • Judi
    • By Judi 23rd Oct 12, 4:58 PM
    • 13,725 Posts
    • 53,438 Thanks
    Judi
    Probably worse off financially as I am dependant on my husband for cash whereas both Mom and Dad had a joint bank account.

    However, i do own my own house outright whereas Mom and Dad were mortgaged.
    'Holy crap on a cracker!'
    • torbrex
    • By torbrex 23rd Oct 12, 5:30 PM
    • 67,726 Posts
    • 124,643 Thanks
    torbrex
    I think that I am probably richer than my parent were in their 50's but as money was not really discussed between us I can't be positive.
    They brought up 5 children where as I have none.
    They continued to pay their mortgage until dad retired with the final payment on the same day. I was able to use my share of mum's estate to pay a huge lump off my mortgage and the remainder was paid off 4 years ago (before I hit 50).
    • luxor4t
    • By luxor4t 23rd Oct 12, 8:08 PM
    • 9,538 Posts
    • 33,640 Thanks
    luxor4t
    Substantially better off than DH's parents.

    Better off than my parents.

    A lot of that is due to DH's parents leaving school at 14.
    I can cook and sew, make flowers grow.
    • Jeff Bridges hair
    • By Jeff Bridges hair 23rd Oct 12, 11:38 PM
    • 5,974 Posts
    • 7,236 Thanks
    Jeff Bridges hair
    Im substantially better off then my parents were at my age. I own my own home with no mortgage as I got a bit lucky with an inheritance from me grandparents. I earn a lot more than they did combined and I have no kids nor a nagging missus.

    Am I happier then they were at my age? I doubt it.
    "If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
    • sapphireeye
    • By sapphireeye 24th Oct 12, 8:18 AM
    • 268 Posts
    • 509 Thanks
    sapphireeye
    I'm 25 and I would say that I'm worse off. My parents were married with their own property (quite a large house) within commuting distance of London, two cars and had quite well paying jobs, whereas I'm on my own, I've just had to take a year out of university due to the recovery from a complex operation and now I'm two weeks away from hopefully being able to work again, I'm looking for a job. I still live with my parents and the only real asset I own is my car which is only worth about £1500. Even if I get the job I want and got a mortgage with my boyfriend, I think we probably wouldn't be able to borrow enough for the same size of house but as a result we might have more disposable income.

    My dad bought his own flat when he was 21 and I was definitely not able to do that. We worked out that the flat cost about 2.5-3 times his salary, whereas the same flat when I was 21 (and in a reasonably well paid job) would have been 5-6 times my salary!

    • Catriona_P
    • By Catriona_P 24th Oct 12, 9:31 AM
    • 815 Posts
    • 4,633 Thanks
    Catriona_P
    I'm 28 and comparitively speaking I'm worse off. My parents owned their own home at 24, married at 25 and me at 25. I owned my own home at 24, married at 25 and my child at 26. However, my debt levels are higher and most importantly, quality of life is lower. Less of their wages went on bills and other essentials.
    "Why, this is hell, nor am I out of it."
    LBM Debt March 12 - £3,241 Paid Aug 2014!
    Debt 2 - 0% CC (till Oct 17) - £2,021.22
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