Resentment of this generation

Really2

Graham_Devon wrote: »

Ok, taken all comments on board.

I'm wrong. It's natural for a generation to hold such mass wealth over all other generations. It's obviously got peoples backs up discussing it. Just mentioning the term which has been applied to this generation "babyboomers" get's peoples backs up enough as it is.

It's getting a little unnecessary to start suggesting others who don't agree lack common sense. Theres a reason this generation has been termed with a unique name. Theres a reason for the obvious resentment, on and off this forum.

But like I say, have taken all comments on board, and it's obviously a tender subject, and it looks like I am wrong, and it's completely normal to hold such wealth.

My parent's are boomers and I hold more wealth than them.

The name as some have said is derived from the increase in birth rates from after the second world.
They went through a period of time where it has been peaceful and have had a chance to a ripe old age.
The generations before had family's destroyed by world wars.
So why would it not stand to reason a generation that has seen a life of work and the ability to hold on to it's assets and not seen lives ripped apart by war not hold the most wealth.

A simple term would be
If some one saved £1 a day for 60 years and someone saved a £1 for 30 years which one would have the most money?
Time living means you can accrue more surely?

There is a fair chance every generation after the boomers will be richer than them as wealth is passed down and the current generations continue to work and amass wealth their selves.

TBF the boomers started pretty much from scratch financially as a generation.

grizzly1911

quantic wrote: »

That was kind of the origin of my post... that I believe some people had been handed it on a plate . While thinking that they where actually the reason for it happening. E.g. all of these people buying a house, putting in new carpets and then selling a year later for 30% more, and genuinely believing that they did it. With their property developing skills.

We enter life with nothing we exit with nothing.

There are no pockets in shrouds,

Stuff happens in life, some people get lucky, some don't some are careful but some squander their chances to.

Sometimes you will do better than others sometimes you will fall behind.

Perhaps you are or will be lucky to have children if that is choice, many will not be able to and would give anything for that opportunity.

When you stare death in the face, believe me, the size of your asset bank is last on your mind and it will do you no good whatsoever.

So a guy went to Oxford, lot's of our politicians went there too:rotfl::rotfl::rotfl::rotfl:

Enjoy what you can, don't sweat over things that you have no control over.:j

ess0two

Graham_Devon wrote: »

Ok, taken all comments on board.

I'm wrong. It's natural for a generation to hold such mass wealth over all other generations. It's obviously got peoples backs up discussing it. Just mentioning the term which has been applied to this generation "babyboomers" get's peoples backs up enough as it is.

It's getting a little unnecessary to start suggesting others who don't agree lack common sense. Theres a reason this generation has been termed with a unique name. Theres a reason for the obvious resentment, on and off this forum.

But like I say, have taken all comments on board, and it's obviously a tender subject, and it looks like I am wrong, and it's completely normal to hold such wealth.

Seems you just launched the rattle from your pram.

chucky

ess0two wrote: »

Seems you just launched the rattle from your pram.

it's what happens when you have a chip on your shoulder...

FTBFun

"Older people have more money"

In other news, bears also like to leave their droppings in forested areas.

chucky

FTBFun wrote: »

"Older people have more money"

In other news, bears also like to leave their droppings in forested areas.

it's not fair though. i want to buy a 3 bedroom house when i start my first job - what's wrong with that!?!?

if i can't buy, house prices have to drop - there is just no other way that house prices can be sustainable... no wait...

Percy1983

I guess the simple point of the resentment comes not from the older having more wealth as that is expected, its the fact that many are then using that wealth advantage to extract more wealth from the young which is then further widening the gap.

Bya ll means I will be fine and I am making the best of it and will be more than comfortable, but I have had to work harder to get less than those before me, surely you can see how that can cause a level of bitterness in anybody.

As I say I am making the best of it and will still come out the other end as one of the winners so all is good here.

Really2

Percy1983 wrote: »

but I have had to work harder to get less than those before me, surely you can see how that can cause a level of bitterness in anybody.

I disagree with that, Do you think you work harder than a coal miner or a foundry worker in the 40's to 60's. Do you think you get less than them?
Some hardly saw their children!

It is because of them not wanting their children to slog their @ss off for F'all that we have the sit on you'r @rse jobs of today.

I suggest you look how oppertunity has opened up. 90% of workers were manual/factory not so long ago, that is why relative poverty was lower. 90% of people were skint!

Percy1983

Well that does go back to the whole 'you only sit at a computer, its not hard work' arguement. Maybe I will reword it.

I am doing tasks many of those before me could not, while many of them did tasks I can do.

FTBFun

Percy1983 wrote: »

I guess the simple point of the resentment comes not from the older having more wealth as that is expected, its the fact that many are then using that wealth advantage to extract more wealth from the young which is then further widening the gap.

Bya ll means I will be fine and I am making the best of it and will be more than comfortable, but I have had to work harder to get less than those before me, surely you can see how that can cause a level of bitterness in anybody.

As I say I am making the best of it and will still come out the other end as one of the winners so all is good here.

Really? My mother was one of 7 on a Devon council estate; passed the 11-plus but her family couldn't afford the uniform so it was the secondary modern dumping ground; and like my father left school at 16. Then followed a few years of hard slogging whilst living in council accomodation and having to deal with my brother and I, before a asbestos-ridden RTB at the end of the 1980s and my father being headhunted by a City bank (in his mid 30s at that stage) in the early 1990s meant that finally my family had a good level of income.

I'm only a couple of years older than you but fortunately don't possess the same resentment.