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The generation poorer than their parents
Comments
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Most could buy a house now if they did live a basic 70s lifetyle.
Start work at 16
Live with parents until late twenties.
No more than 3 weeks holiday per year.
No foreign trips.
Meal out once or twice a month at most.
Do your own car repairs.
No renting movies, wait 2 years for them to come on the telly.
etc etc.
Love this.
No £30 Sky TV packages, no £25 mobile phone subscriptions.
No Ipods, laptops, etc.
No designer clothes/trainers.0 -
Love this.
No £30 Sky TV packages, no £25 mobile phone subscriptions.
No Ipods, laptops, etc.
No designer clothes/trainers.
But don't forget most of this generation and by here I mean the settled down generation, probably don't spend anything as much as the previous generations on going down the pub and fags. 0 -
Most could buy a house now if they did live a basic 70s lifetyle.
Start work at 16
Live with parents until late twenties.
No more than 3 weeks holiday per year.
No foreign trips.
Meal out once or twice a month at most.
Do your own car repairs.
No renting movies, wait 2 years for them to come on the telly.
etc etc.
Start work at 16 - minimum wage ? No further education ? Less chance of getting a well paid job to support a mortgage.
No more than three weeks holiday a year ? - I bet most only get 2 anyway, some less.
In fact, I did most of the things in that list, apart from the renting movies. I don't watch many films (so that saved me a load of cash).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Start work at 16 - minimum wage ? No further education ? Less chance of getting a well paid job to support a mortgage.
No more than three weeks holiday a year ? - I bet most only get 2 anyway, some less.
In fact, I did most of the things in that list, apart from the renting movies. I don't watch many films (so that saved me a load of cash).
Work 5 years at minimum wage spending virtually nothing = savings of around £30,000
You can still work your way up from the bottom if you are prepared to graft and put in the hours.
By 3 weeks holiday I was referring to what most companies gave as time off.0 -
Love this.
No £30 Sky TV packages, no £25 mobile phone subscriptions.
No Ipods, laptops, etc.
No designer clothes/trainers.
I can remember me and my brother sitting with eager anticipation waiting for Channel 4 to first air (on a black & white telly). Or when breakfast telly started and I got up early on a school day just to see it. Ice on the inside of my bedroom window in winter. The coal fire, our first telephone. Being 6 foot tall and about 8.5 stone when I was 12 so all my school trousers were 4" too big around the waist and 4" too short in the leg.
We blamed HPI of course.
Do I want to go back? f**k off!0 -
shortchanged wrote: »But don't forget most of this generation and by here I mean the settled down generation, probably don't spend anything as much as the previous generations on going down the pub and fags.
Beer and fags were much cheaper though in the 70s. We went out the other weekend and I bought a couple of pints of Erdinger and a couple of glasses of wine and didn't have much left from £20!
£20 in the 70's would have financed a whole night out for four people, 200 fags, taxi fares to and from town, a cruise, a farm house and there would still be enough change to buy a bag of chips at the end of the night. 0 -
Most could buy a house now if they did live a basic 70s lifetyle.
Start work at 16
Live with parents until late twenties.
No more than 3 weeks holiday per year.
No foreign trips.
Meal out once or twice a month at most.
Do your own car repairs.
No renting movies, wait 2 years for them to come on the telly.
etc etc.
Funnily I will show my situation:
Start work at 15
Live with parents until late twenties.
No more than 5 weeks holiday per year.
No foreign trips.
Meal out once or twice a quarter at most.
Do your own car repairs, + high insurance premiums.
No renting movies, has cinema pass for £15 a month.
So I get a few more holidays, less meals out and a cinema pass, can I go back to the 70s please.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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Funnily I will show my situation:
Start work at 15
Live with parents until late twenties.
No more than 5 weeks holiday per year.
No foreign trips.
Meal out once or twice a quarter at most.
Do your own car repairs, + high insurance premiums.
No renting movies, has cinema pass for £15 a month.
So I get a few more holidays, less meals out and a cinema pass, can I go back to the 70s please.
Percy, take it from me, the 70's were not that great.
The advantage that you would have had in the 70's is that you wouldn't have been able to get into debt so easily so that saving for a deposit would start with a zero rather than a negative number.0
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