Generation Whine

Percy1983

Does anybody consider the social problems house prices are causing?

I and many others aren't having children until we have a house, higher house prices to many mean more saving and basically which leads to having children later. In our case we will be having children in our early 30s if all goes to plan, yet ask the baby boomers and they mostly had there children in there early 20's.

Now there is another way to get a house etc, not work and have children... job done, which now leads to many people without much of a work ethic having children in there early teens.

So now we have the boomers sitting on all the wealth, the workers having children later and the none workers multiplying like rabbits. By the time I have children there will be chavs of the same age who are grandparents. Can anybody see a problem ahead?

ruggedtoast

Graham_Devon wrote: »

My parents struggled, I can remember it.

My parents bought a house a year before I was born. They had me, and mum gave up work. No benefits back then, only child benefit, so it was all done on dads lorry driver wage at the time. They then had my sister. We then moved around 7 years later (mum then working a very small number of hours a week, just serving in a shop while me and sis were at school) and bought a bigger house.

All my mum and dad remember was struggling, and rightly so. BUT. They did all that on one wage, and a bit of pocket money for 2-3 hours a day serving in a shop as and when.

You simply could not do it now. Not even with all the extra benefits given.

So I do sympathise with how they struggled and did a damn good job with what they had. And that's what I think a lot of those of that age remember. What they cannot see is that what they did then ans struggled to do, is impossible to anyone starting out now.....at least, someone with the same sort of circumstances.

In my humble opinion, coming from a very lower middle class / working class background.

A lot of our parents struggled as yours did doing blue collar jobs or working as self employed small business people. Usually having left school pretty early.

Mostly they do this so their kids have a better life than they did.

They then see their kids doing A levels til 18, heading off to uni and then going to white collar office jobs in climate controlled offices, which in their day, meant you'd pretty much made it. And after having worked to get you there they dont want to think you havent made it.

Personally looking ahead, I just cant see any way I can accumulate what my parents did when I am at retirement age, whatever that is.

Chris2685

Percy1983 wrote: »

Does anybody consider the social problems house prices are causing?

I and many others aren't having children until we have a house, higher house prices to many mean more saving and basically which leads to having children later. In our case we will be having children in our early 30s if all goes to plan, yet ask the baby boomers and they mostly had there children in there early 20's.

Now there is another way to get a house etc, not work and have children... job done, which now leads to many people without much of a work ethic having children in there early teens.

So now we have the boomers sitting on all the wealth, the workers having children later and the none workers multiplying like rabbits. By the time I have children there will be chavs of the same age who are grandparents. Can anybody see a problem ahead?

Just do what we did. Have a kid, spend pretty much a deposit on a house on a wedding, and then worry about buying a house.

Not owning a house is not brilliant, but it is also not the end of the world. For me personally, there are much more important things in life, such as my daughter and my wife.

I did always expect to have bought a house by now, it was why I saved my nuts off from the age of 16 working every hour I was sent while studying, saving saving saving away. Now I'm 24, no closer to having a house, but at least I have some money in the bank and growing that money until I can buy somewhere I want to buy.

What I am trying to say is, if you want to have kids, just have kids. Don't be irresponsible by any means, but you shouldn't put off life for a house.

Out,_Vile_Jelly

My baby boomer parents were working class, but crucially my dad went to a grammar school and then onto university and into quite a good engineering job. They married at 21 and within 10 years had 2 kids and had bought a 4 bed, 3 bathroom detached newbuild with large garden in a nice part of the SW, solely on my dad's salary. They are really quite puzzled at how unobtainable such a life is for my brother and I at the same age- although I did send my dad down the road to look in the window of nearby estate agents, which gave him some food for thought.

StevieJ

Percy1983 wrote: »

Does anybody consider the social problems house prices are causing?

I and many others aren't having children until we have a house, higher house prices to many mean more saving and basically which leads to having children later. In our case we will be having children in our early 30s if all goes to plan, yet ask the baby boomers and they mostly had there children in there early 20's.

Now there is another way to get a house etc, not work and have children... job done, which now leads to many people without much of a work ethic having children in there early teens.

So now we have the boomers sitting on all the wealth, the workers having children later and the none workers multiplying like rabbits. By the time I have children there will be chavs of the same age who are grandparents. Can anybody see a problem ahead?

Y u no respond to my post?

Degenerate

Graham_Devon wrote: »

My parents struggled, I can remember it.

My parents bought a house a year before I was born. They had me, and mum gave up work. No benefits back then, only child benefit, so it was all done on dads lorry driver wage at the time.

You simply could not do it now. Not even with all the extra benefits given.

Exactly what extra benefits are you talking about? The last government tweaked the system a bit, but didn't really actually invent new benefits where before there none. There have been benefits for working families since 1971:

1971: Family Income Supplement
1986: Family Credit
1999: Working Family Tax Credit
2003: Working Tax Credit and Child Tax Credit

Your parents would have been entitled to Family Income Supplement if your dad's wage had been low enough.

MRSTITTLEMOUSE

Chris2685 wrote: »

Just do what we did. Have a kid, spend pretty much a deposit on a house on a wedding, and then worry about buying a house.

Not owning a house is not brilliant, but it is also not the end of the world. For me personally, there are much more important things in life, such as my daughter and my wife.

I did always expect to have bought a house by now, it was why I saved my nuts off from the age of 16 working every hour I was sent while studying, saving saving saving away. Now I'm 24, no closer to having a house, but at least I have some money in the bank and growing that money until I can buy somewhere I want to buy.

What I am trying to say is, if you want to have kids, just have kids. Don't be irresponsible by any means, but you shouldn't put off life for a house.

Totally agree we did'nt buy a house till we were in our late thirties with three late teens.
We were more interested in having a life than buying a house.
Since then we've bought and paid for the house we always wanted (on one salary I may add,since we only had ourselves to look after as the kids were all grown up).
We saved for the deposit and let it stew till we felt the time was right for us to start looking.
Not once did the money we paid for rent seem like dead money,afterall we needed somewhere to live and it was a means to an end.
Incidentally,we have a lot of friends in Italy and Germany and they just can't understand the British obsession with house buying.
Some have rented all their lives and have never ever considered buying.These are people who could well of afforded to but did'nt see it as an attractive thing to do.

1984ReturnsForReal_2

Generali wrote: »

The reason baby boomers hold most of the wealth in the UK is simple, it's compound interest. They've saved through pensions and house purchase but haven't started to run down that wealth through paying for retirement for the most part.

:rotfl:


Sorry, its the first time I have been on this thread for a while....

Seriously Gen.... Is that your real underlying opinion?

Generali

1984ReturnsForReal wrote: »

:rotfl:


Sorry, its the first time I have been on this thread for a while....

Seriously Gen.... Is that your real underlying opinion?

As to why Baby Boomers hold more wealth than other age groups? Yes it is.

Most people don't seem to understand how powerful compound interest is.

Blacklight

ninky wrote: »

interesting article in today's telegraph suggests they have plenty to whine about. those born after 1979 have had things far harder than the baby boomers who fail to see the struggle simply because they don't have to live through it.

http://www.telegraph.co.uk/education/universityeducation/7974527/The-Boomers-bonanza-has-left-precious-little-for-the-rest-of-us.html

Thanks for this. I didn't get it. I didn't get the argument from Gen Y and nobody was ever prepared to explain it to me.

It all seemed to be a lot of whinging by spoiled brats that spent their childhoods wrapped in cotton wool. It seems to boil down to the fact during the last two years the government have borrowed a small fortune to save the country from complete collapse and there will be measures, some of which will touch the lives of Gen Y in the short term, to pay it off.

This article expands on it a little further:

1. We were the first generation to pay tuition fees
2. we left university just as the property market started to soar out of reach
3. we will spend our working lives paying off the debts and liabilities that our elders have loaded on to the state (which mount up to five times GDP);
4. the odds that there will be a decent pension system left to pay for our old age are perishingly small

That appears to be the sum of 'baby boomers robbed my future and sentenced me to a life of poverty on the streets' argument. Now I understand what all the crying is about.

First of all you're lucky to have a bloody education and not have to leave school at 15/16 to support your family like your parents did. Most baby boomers I know with a degree were in their 50's when they got it. So you have to pay for higher education. Tough, if you want to earn a big salary you're going to have to shed the cotton wool wrapping, stand on your own two feet and deal with it. Your parents had it harder at your age.

Secondly, who the hell decided you should be owed a free property as soon as you leave school? More evidence of the 'me, me, me' mentality Gen Y have grown up with after being handed everything on a plate. Sort it out yourself, it's not your right to have anything and since when did your parents leave school and buy a family home on their first wages?

Thirdly, you think you're going to spend your ENTIRE WORKING LIFE paying off the current deficit? This doesn't even warrant a proper response, it's just pathetic whining on a grand scale; all I hear is: 'mummy, mummy the nasty man wants me to do something I don't want to MAKE IT STOP, NOW' *stamp feet*. Grow up, the whole nation has to deal with it, not just you and it's not going to be forever.

Pensions - The Basic State Retirement Pension for a single person is £95.25 a week for a single person and £152.30. Good luck to anyone who spent their who lives working, scrimping and saving to bring you up that has to live on that this year. If you're seriously complaining about not getting that as a handout in 35-40 years time it's pretty embarrassing.

Stand on your own two feet for a change and stop expecting every to hand you everything on a plate free of any effort.

'Jilted Generation' my !!!!, things have never been so good for any generation.

Percy1983 wrote: »

Technology moves on, deal with it.

Life moves on, deal with it.