£1.2tn given to old from young

StevieJ

stueyhants wrote: »

Do you thinnk someone who is just turning 18 years old have a right to blame the previous generation? This is the first chance they have had to buy a property, it's not their fault they couldn't buy when houses were cheaper.

I couldn't afford a property at 18, it must be a lot cheaper now

StevieJ

julieq wrote: »

So you're blaming a generation which is not obviously into bling and consumerism for the celebrity obsessed designer bling culture of the young?

Not sure how you figure that. Seems to me to have more to do with a few high visibility young people with obvious cash and others saying to themselves that they want some of that, it's not anything to do with "babyboomers".

They should have brought them up with better values

FATBALLZ

Sapphire wrote: »

That's exactly my experience of that generation. Today's spoiled yoof lives in cloud-cuckoo land.

So speak the words of somebody of clearly doesn't actually know anybody under 30.

JonnyBravo

zygurat789 wrote: »

My conscience is clear I've given more than my share back to my kids.
What will you do with yours?

My conscience is clear. I'm going to spend as much of it as possible.

Graham_Devon

I'm struggling to reason with the "young people need to work harder", the "bling" stuff etc.

From where I am standing, throughout my life I have been told about the swinging 60's, the brilliance of the 70's.

Yet it seems some people seem to have forgotten this and simply revert to saying that the younger generation these days want to buy tatt, go out, go clubbing.

Was this not just as true back then? If not, what on earth were the 60's and 70's about? What on earth were medalions about if they were not "bling"?

Harry_Powell

baby boomers sold off all the state utilities and other state companies at knock-down rates in order to line their pockets. They created the right to buy scheme and other incentives to create a property boom and line their pockets. They created generous final salary pensions that were unsustainable but lined their pockets in retirement. They increased the state retirement age for everyone but themselves and used the savings from the deferred state pension to re-connect the relationship between wages and pension, i.e. They increased the state pension for themselves.

stueyhants

chucky wrote: »

i can't see many 18 year olds looking to buy property unfortunately.

Probably because the current generation didn't build enough houses !

ukcarper

stueyhants wrote: »

So who do we blame, the youth of today or the parents that brought them up that way. People need to take personel responsibility for their actions but the boomers have shaped today's society and If I was a boomer I wouldn't be proud of my achievements. The continual desire for material wealth and GDP growth has left the UK morally poorer.

Can you explain how the boomers have shaped society giving particular and widespread examples?

StevieJ

Harry_Powell wrote: »

baby boomers sold off all the state utilities and other state companies at knock-down rates in order to line their pockets. They created the right to buy scheme and other incentives to create a property boom and line their pockets. They created generous final salary pensions that were unsustainable but lined their pockets in retirement. They increased the state retirement age for everyone but themselves and used the savings from the deferred state pension to re-connect the relationship between wages and pension, i.e. They increased the state pension for themselves.

Sorry, Thatcher was not a Baby Boomer, she was born in 1925

ukcarper

stueyhants wrote: »

The younger generation have a right to blame the current generation for not building enough houses, using easy credit to push prices up and getting the country in to massive debts.

However that blame is not going to change anything so they are just going to have to make the best they can.

Like most babyboomers I know I have lived in my present house since the 80s so have not used easy credit to do anything