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£1.2tn given to old from young
Graham_Devon
Posts: 58,560 Forumite
Dunno what programme this is, or what channel it's on, can't see the TV!
But it's just been stated that in the noughties, £1.2 trillion was passed from the young to the old in the form of properties assets.
The programme is about baby boomers. (i think!!)
Anyone watching?!
But it's just been stated that in the noughties, £1.2 trillion was passed from the young to the old in the form of properties assets.
The programme is about baby boomers. (i think!!)
Anyone watching?!
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Comments
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Oops - you need to change your title, Graham - it's the wrong way round.
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It's not. It was the calculation of how much the "baby boomers" have made from taking from the younger generation. I.e. the cost of the decades HPI to the young.
Over 50's also held something like 80% of the wealth in the country (though I may have misheard that, only started listening when I heard abot HPI).
Edit: it's BBC2.0 -
Graham_Devon wrote: »Dunno what programme this is, or what channel it's on, can't see the TV!
But it's just been stated that in the noughties, £1.2 trillion was passed from the young to the old in the form of properties assets.
The programme is about baby boomers. (i think!!)
Anyone watching?!
Do you receive DVBT in your brain then?
But how much as been inherited in the last 10 years?
It is looking at how much a football clubs spends in the transfer window without looking at what they sell.
The true transfer would be what the young have transferred minus inheritance and gifts, etc.0 -
£1.2tn given to old from young
Excellent, thanks.:D
I look forward to your next installment.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Graham_Devon wrote: »It's not. It was the calculation of how much the "baby boomers" have made from taking from the younger generation. I.e. the cost of the decades HPI to the young.
Over 50's also held something like 80% of the wealth in the country (though I may have misheard that, only started listening when I heard abot HPI).
Edit: it's BBC2.
How could the old be taking from the young?
Did the young own the property in the first place?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »How could the old be taking from the young?
Did the young own the property in the first place?
They were talking about 2nd, 3rd mortgages and investment properties.0 -
Graham_Devon wrote: »Dunno what programme this is, or what channel it's on, can't see the TV!
But it's just been stated that in the noughties, £1.2 trillion was passed from the young to the old in the form of properties assets.
The programme is about baby boomers. (i think!!)
Anyone watching?!
No wonder so many opt for never working. Why pay for other's when you they wish to do the same to you.0 -
Graham_Devon wrote: »It's not. It was the calculation of how much the "baby boomers" have made from taking from the younger generation. I.e. the cost of the decades HPI to the young.
Over 50's also held something like 80% of the wealth in the country (though I may have misheard that, only started listening when I heard abot HPI).
Edit: it's BBC2.
I have news for you Graham, they can't take it with them
I wonder where all that dosh will end up :rolleyes: '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 can't be a*sed to get up and change channel now, but sounds interesting... if not a bit depressing We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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Graham_Devon wrote: »They were talking about 2nd, 3rd mortgages and investment properties.
That's still not taking it from them is it?
To take from them they have to own in the first place.
What it sounds like is another moan about how some young cannot afford to buy and blame the older generation while other young people manage fine.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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