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Crunch Time: A crisis that is dividing young and old
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My parents are retired - they have a huge duplex apartment they own outright, money in the bank, an excellent pension and they have spent the last few years touring the world in their luxury motorhome.
You can look at that and be jealous or hateful if you wish, but you do not know the background. My grandparents on both sides were working class from Leeds - one grandfather a bricklayer, the other a lorry driver. Both families had the forethought to put their kids through teacher training college, unheard of in their peer group: they must have had to scrimp and scrape to do so.
We lived in a mortgaged three/ four bedroom house when I was a child. But my mum was obliged to withdraw her pension money when I was a baby, we kept chickens and rabbits, fruit and veg in the garden and allotment, an ever-changing array of paying lodgers, holidays were camping, etc. A middle class life funded by working class values and habits.
When Dad got promoted and Mum went back to full-time work, Dad began paying in AVCs to his pension and they bought a second property which was rented out. Though we wanted for nothing we were not spoiled - quite behind with technology - still grew fruit in the garden and camped in the holidays. They inherited literally a few thousand from one grandparent, no other handouts. Other than mortgages I don't think they ever took out a loan, saved for a newer car or home improvements if absolutely necessary.
When my parents sold the two houses many years later they had enough equity to buy the apartment they have now and make some investments. They spend very little while travelling and manage to save up from their pension. Everything they have now is down to my parents and grandparents hard work and financial planning.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
you complain that they were high when you were working, now moan they are too low now that you are retired.
Thats the problem with pensioners, they only care for themselves and ignore the generation coming after them, the generation which will be paying for them!
take higher education, when they went to university they had theirs paid for by the generation in front of them, when the generation behind them came, they said sod it, we are now paying for you!
What total !!!!!!!!er, I am sure the pensioners care about their children and grandchildren. What about the unearned inheritance that the up coming generation will be picking up.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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i belive he is refering to how your old nan bougt her house for 8,000 pound which is now worth 400,000..... where the salary your old nan bought the house for has not risen at any magnitude near the same as the house price has.
Ever increasing 'wealth' diverted from young indebted generation to older generation. Isnt it ovious what he meant? :P
Bullsh1t, most people who have aquired a mortgage over the ages have struggled to pay, we didn't always have a 0.5% base rate. more like 30 times higher:D'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I had to pay for my university education, they got theirs for free.
?
What! you paid for it, or was it your parents
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
LittleMissAspie wrote: »My mum left school at 15 but never worked again after her first baby. How many people can do that these days? My dad's average salary paid for her and two children and a detached house in a London suburb. They are pensioners now but I see no sign of hardship, in fact every pensioner I can think of is still living in a large family home and seems to have plenty of disposable income. Long-haul holidays, home decorating etc. My parents even splashed out on a brand new car not long after my dad retired.
What do you call an average salary? It's perfectly possible to live on very little - read the £4k a year thread on the DFW board. But this generation chooses not to: annual holidays, two cars, TVs and games machines in every room, satellite channels, mobile phones, weekly takeaways, daily coffee run, drinks with colleagues ...
These are all 'essentials' to the average family, they will borrow to pay for them and struggle to meet their commitments each month. Hence both partners' have' to work, often times they only have to work to pay for these luxuries. We had none of this when I was a child yet I know full well we had a middle class income.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
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'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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when I retire I doubt these things willl still exist.
... such a shame and with you demonstrating so much compassion towards the older generation :rolleyes:.
Tought t*ts.0 -
I had to pay for my university education, they got theirs for free.
They got final salary pensions, I don't
I've got to work longer than they did, to pay for their greed.
They bought their homes a lot cheaper then we do in relation to their wages.
need I go on ?
how many went to university0
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