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How the baby boomers have stuffed the younger generation
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The_Fox_3
Posts: 299 Forumite
We are living in an environment where prices are rising, food, fuel, clothing, all the essentials plus everything else that makes life that little bit more tolerable.
The education that was handed on a plate to previous generations now comes with a price tag in its £10,000's. Unemployment for up to 25 year olds has never been worse, now 1 in 4.
And to top everything there is a sizable group that at any cost WANT property prices to go higher, why don't these people(usually greedy BTL baby boomers) just put the young adults of today up against a wall and shoot them.
Yesterday listening to a young man on radio 5 live talking about unemployment was heartbreaking, he explained that he had sent off 1000's of job applications only to be fobbed off. He explained how he was fighting not to let it break him and give lose hope, but it was impossible not to have it effect him.
We have young adults even today who are on decent wages, those that did work hard at their education, yet will society let them have a stake in the form of their OWN homes even though they earn £30k, not a chance.
The problems of today are the older generations, the debt that have been built up that became to high are the older generations. The things that make life that little bit harder today for the younger generation are every day being made worse by the older generation, do they hate their kids.
Only a while back a heard again on the radio(and this is becoming a constant whinge) how some "poor" sod could not get much interest on all his savings, how they were looking for other forms of investing their money apart from banks. And what idea did they come up with, ploughing their money into BTL, and should things get tough for the ones who have already done that all they have to do is raise the rents to those that are usually young and forced to live there, and my view there are some good arguments for just taking some of the savings of some of these people, they caused the suffering that the young now have to deal with.
I am strong believer that if you give a sense of purpose to someone they will thrive. If you tell someone as they are walking out of those school gates that if they roll up their sleeves and work and keep their noses clean they can buy their own little bit of Britain and start a little family that are raised on the back of money earned through bulding a decent economy we will live in a better and decent land.
When i hear people welcoming( a few on here and much more on PMT motley fool) the fact that more foreigners will be buying up BRITISH property, or that we should rejoice because we are becoming more populated as country, or that NO new build is going ahead so property prices should remain high, Yippeeeeeee!!, how insular and selfish we are becoming, how the older generation are feeding off their young like parasites.
What would we think if the older generation started buying up all the food and water as a form of investment, and then created a shortage in order to keep prices high. What would we think of the older generation if they started giving this food away to other countrys while their young were staving in order to get a better price, if they deliberately kept food production low in order to keep their prices higher, what would you think of them?
Aspiration and hope are the most powerfull things you can have, with them men can achieve anything, but in this country now we are just breeding resentment and anger.
Fox
The education that was handed on a plate to previous generations now comes with a price tag in its £10,000's. Unemployment for up to 25 year olds has never been worse, now 1 in 4.
And to top everything there is a sizable group that at any cost WANT property prices to go higher, why don't these people(usually greedy BTL baby boomers) just put the young adults of today up against a wall and shoot them.
Yesterday listening to a young man on radio 5 live talking about unemployment was heartbreaking, he explained that he had sent off 1000's of job applications only to be fobbed off. He explained how he was fighting not to let it break him and give lose hope, but it was impossible not to have it effect him.
We have young adults even today who are on decent wages, those that did work hard at their education, yet will society let them have a stake in the form of their OWN homes even though they earn £30k, not a chance.
The problems of today are the older generations, the debt that have been built up that became to high are the older generations. The things that make life that little bit harder today for the younger generation are every day being made worse by the older generation, do they hate their kids.
Only a while back a heard again on the radio(and this is becoming a constant whinge) how some "poor" sod could not get much interest on all his savings, how they were looking for other forms of investing their money apart from banks. And what idea did they come up with, ploughing their money into BTL, and should things get tough for the ones who have already done that all they have to do is raise the rents to those that are usually young and forced to live there, and my view there are some good arguments for just taking some of the savings of some of these people, they caused the suffering that the young now have to deal with.
I am strong believer that if you give a sense of purpose to someone they will thrive. If you tell someone as they are walking out of those school gates that if they roll up their sleeves and work and keep their noses clean they can buy their own little bit of Britain and start a little family that are raised on the back of money earned through bulding a decent economy we will live in a better and decent land.
When i hear people welcoming( a few on here and much more on PMT motley fool) the fact that more foreigners will be buying up BRITISH property, or that we should rejoice because we are becoming more populated as country, or that NO new build is going ahead so property prices should remain high, Yippeeeeeee!!, how insular and selfish we are becoming, how the older generation are feeding off their young like parasites.
What would we think if the older generation started buying up all the food and water as a form of investment, and then created a shortage in order to keep prices high. What would we think of the older generation if they started giving this food away to other countrys while their young were staving in order to get a better price, if they deliberately kept food production low in order to keep their prices higher, what would you think of them?
Aspiration and hope are the most powerfull things you can have, with them men can achieve anything, but in this country now we are just breeding resentment and anger.
Fox
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Comments
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and if we were of that age, we would of done EXACTLY the same thing...Target Savings by end 2009: 20,000
current savings: 20,500 (target hit yippee!)
Debts: 8000 (student loan so doesnt count)
new target savings by Feb 2010: 30,0000 -
and if we were of that age, we would of done EXACTLY the same thing...
Hi Dave
Rather than go down the road of retribution and blame i would prefer us as ONE country to decide if we are doing the right thing as a country as a whole.
Would "we" of allowed kids to work up chimneys, or allowed slavery to happen, or the discrimination of a person because of the colour of his skin, all that really matters is that it is got rid of.0 -
Why are you always blaming the baby boomers
Blame the true culprits - mismanagement by successive governments :mad:Blessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!0 -
Rather than go down the road of retribution and blame i would prefer us as ONE country to decide if we are doing the right thing as a country as a whole.
If you don't want to go down the road of retribution and blame why did you say..how insular and selfish we are becoming, how the older generation are feeding off their young like parasites.
Do you want everyone to be completely rational and balanced like you?0 -
This is just a theory.
Government policy today is geared towards the older generation because they are the largest group of voters and proportionally more of them turn out to vote.
In a couple of decades or so the newer generations will be the largest group of voters,they will have less assets,less pensions,student loans,many will not be home owners and so their priorities will be different than todays older generation.
Parties will gear their policies to this because they always want votes assuming of course that enough people can be bothered to vote.0 -
If you don't want to go down the road of retribution and blame why did you say..
Do you want everyone to be completely rational and balanced like you?
Wotsthat
Do you ever post anything without thinking, you simply seems to spot someone that does not post stuff that you improve of then attack everything but the subject raised.
If there are problems in society then the first step to sorting them out is raising the issue, and if a slapped wrist was all that was need ed then that would be fine by me, but until that time!!
You look at the evil discrimination in South Africa that took place, but once it was done away with many made a point of ending what had happened that day in order to move on, i feel the same way about most things.
So if you want to get at me you had better try another avenue, revenge and retribution are not in my makeup, justice is.
And lets be clear here, you and a few others are always going to get picky about my posts because you want high house prices, end of.0 -
In the 70s we were young married teenagers.
We had terrible inflation a few years later,high unemployment too just like today.
You don't feel sorry for yourself you've just got to get on with what life throws at you.
Back then you just accepted that the older generation had more wealth,since they'd been around longer to aquire it.
You aspired to get to where they were,instead of feeling jealous and you would'nt even think of moaning about it.
Now I know things may be a bit different these days but it's pointless complaining about it,every generation has it's pro's and con's.
You can't blame the so called "baby boomers" for the situation they find themselves in they did'nt manipulate it as Butterfly brain's already said it's successive governments that have got us into the position we are in.
Baby boomers as you insist on calling them were at the mercy of the governments and financial services of their time just as you are now.0 -
Butterfly_Brain wrote: »Wy are you always blaming the baby boomers
Blame the true culprits - mismanagement by successive governments :mad:
In a democracy you get the Government you deserve.0 -
MRSTITTLEMOUSE wrote: »In the 70s we were young married teenagers.
We had terrible inflation a few years later,high unemployment too just like today.
You don't feel sorry for yourself you've just got to get on with what life throws at you.
Back then you just accepted that the older generation had more wealth,since they'd been around longer to aquire it.
You aspired to get to where they were,instead of feeling jealous and you would'nt even think of moaning about it.
Now I know things may be a bit different these days but it's pointless complaining about it,every generation has it's pro's and con's.
You can't blame the so called "baby boomers" for the situation they find themselves in they did'nt manipulate it as Butterfly brain's already said it's successive governments that have got us into the position we are in.
Baby boomers as you insist on calling them were at the mercy of the governments and financial services of their time just as you are now.
I agree with MrsTittleMouse, and I was born in the 1980's.MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/20000 -
We have young adults even today who are on decent wages, those that did work hard at their education, yet will society let them have a stake in the form of their OWN homes even though they earn £30k, not a chance.
Therein lies the crux of the problem. The OCD that evey Brit has wrt property. As if they could just afford to buy a house and then everything would be fine.
In addition to the above, I just cannot agree to this ideal of generational collective responsibility. Everyone does the best (or they should) they can for themselves and their families given the constraints in place at the time. When I went to Uni (many years ago) it was paid for by my LEA. What was I supposed to do? Refuse the fees and grant because it may have adversely impacted the generations to come?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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