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The generation poorer than their parents
Comments
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How many of the current "younger generation" would want to live a basic 70s lifestyle?
All of them, if they were born 40-50 years ago.
I think it's worse to live a "basic" lifestyle today. There's more to see that you are missing out on.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Erm, isn't the 'flip side' of my post just a return to the original article?0
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When the older generation snuff it where does all their wealth go? Does it just disappear into thin air?
I do partly agree that much of this wealth will come down at some point, but much won't and those who aren't set for any inhertance will never have a chance.
It does make we wonder when will cracks start to show, in short you there is 2 groups, the 'have's' (generally older) and the 'have nots' (generally younger), the laws of science say the younger group will grow while the older group will die, so at some point there will be enough young to shout loud enough to be heard.
Yes I do agree in many respects we have got many things better, but I do ask whats the use in us all having iphones if we can't afford something as basic as shelter.
I guess it shows HPI isn't free money, its just a bill for the young to pay, funny how the biggest HPI cheer leaders we see on here don't have children.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
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Conversely, many parents of todays young adults are both in a position to help their children financially, and willing to do so. This is something that their parents' generation were generally unable to do.
Also, today's young adults are, down the line, going to inherit their parents' prosperity.
The problem remains, however, that today's youngsters are going to struggle more than their parents to be able to strike out on their own, affording to run a home and support a family of their own. This will be exacerbated by their parents not retiring and freeing up well-paid jobs until later.
Perhaps, rather than merely increasing the retirement age, we should be encouraging those in their late 50s and 60s to semi-retire, paying a smaller pension to those who are prepared to cut their working hours by 50%, freeing up jobs for the youger generation."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
and then where does it go...shortchanged wrote: »No........but the taxman will get most of it.
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I guess it shows HPI isn't free money, its just a bill for the young to pay, funny how the biggest HPI cheer leaders we see on here don't have children.
Some childless people don't cheer HPI. I have no children and I stand to gain financially from HPI, but I happen to think it is not a good thing (when excessive). For me, yes, but I can see beyond my own bank balance.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
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