How the baby boomers have stuffed the younger generation

Percy1983

ILW wrote: »

I think the younger generation should stop whining, get off their backsides, earn some money and buy the houses they so seem to desire. Cannot see their problem myself.

Yet again the assumption that we are all sitting around and doing nothing and just complaining, I am getting closer to buying every month and will soon be there.

The point is I have had to work twice as hard as the generation before to get the same thing.

ILW

Percy1983 wrote: »

Yet again the assumption that we are all sitting around and doing nothing and just complaining, I am getting closer to buying every month and will soon be there.

The point is I have had to work twice as hard as the generation before to get the same thing.

Are you saying that you work 90 hours per week?

How do you define working twice as hard?

Percy1983

ILW wrote: »

Are you saying that you work 90 hours per week?

How do you define working twice as hard?

I would define it as having to study harder and push careers further to end up in a higher paid job to get the same chance as the boomers before could get on a low paid job with no qualifications.

Fair enough?

Jennifer_Jane

I bought my first house in the UK in October 2000 for £80,000. My next door neighbour's house is on the market for £160,000 (and when I was trying to sell mine a few years ago, it was 'sold' for £160,000 - sale fell through). IF there has been any growth in the housing market, it has been in that last decade. I'm a proper baby boomer (born in 1947 and if I had children they would probably be in their 40's).

I think you are missing out a generation to blame - the real baby boomers are grandparents now, not parents.

I lived very very cheaply in order to save enough to pay off my house and get a smallish monthly pension, but it was all done in the 9 years that I had a permanent job.

Stop whinging and get on with things. If you can't find a job, start your own little business (there are a host of things that people need doing, and I certainly wasn't doing the job that I was trained for when I returned to the UK, a very large 'demotion').

In terms of education, I worked in full-time, responsible, time-consuming jobs and still managed to get two full-time diplomas (one in South Africa and one in the UK when I was in my 50's).

And, as Generali pointed out - trust in the magic of compound interest.

Oldbiggles

The_Fox wrote: »

Every generation has suffered financial problems at some time or other.
Very few people were lucky enough to own their own homes in the 40’s for instance.
But they overcome the problems eventually and are then able to save money. Some of these savings are with Building Societies. And if you think about it you will realise that without that money on deposit, there wouldn’t be any money to lend to those who were looking to get a mortgage.

LilacPixie

Percy1983 wrote: »

Yet again the assumption that we are all sitting around and doing nothing and just complaining, I am getting closer to buying every month and will soon be there.

The point is I have had to work twice as hard as the generation before to get the same thing.

I totally disagree with this.

I work no harder than my parents did before me, actually if anything I feel i have a better lifestyle than they did.

ILW

Percy1983 wrote: »

I would define it as having to study harder and push careers further to end up in a higher paid job to get the same chance as the boomers before could get on a low paid job with no qualifications.

Fair enough?

Is it possible that some of these boomers started work at 16 and eaerned the money to buy houses rather than just building up qualifications, giving them a 5 or six year start. The option is still there.

ILW

Percy1983 wrote: »

I would define it as having to study harder and push careers further to end up in a higher paid job to get the same chance as the boomers before could get on a low paid job with no qualifications.

Fair enough?

To me that is no definition of working harder.

Blobby8_2

Percy1983 wrote: »

The point is I have had to work twice as hard as the generation before to get the same thing.

Pity you didnt study arithmetic, then you would know you havent worked twice as hard.

Running_Horse

I hope people are not so spiteful to me when I get old.

Not after a lifetime of hard work, low wages, and modest pension.

Not so long ago thousands of pensioners froze to death every winter.

When did this country get so mean spirited?