The generation poorer than their parents

ILW

abaxas wrote: »

You are assuming the youth dont decide to take charge.

And I dont mean via democracy.

Remember Wolfie Smith?

The youth are too busy amassing gadgets and posting inane rubbish on Twitter.

an9i77

The worse consequence, as I see it, is that social mobility will be limited. if your parents were rich and can pass on a nice big house, you'll be ok - if not you're stuck in poverty. Already we are seeing the situation where young people can find it difficult to get a foot on the career ladder if they can't afford to do unpaid internships /have the family connections to do this. Basically it's a return to the bad old days (i'm talking pre WW2) where if you came from a rich family you were rich and if you came from a poor family you were poor....social classes will become more defined and it will become increasingly hard to move between them.

DaddyBear

ILW wrote: »

How many of the current "younger generation" would want to live a basic 70s lifestyle?

Me for one. The only thing I would miss is the internet. My working conditions would certainly be a hell of a lot better.

LilacPixie

I wouldn't fancy the 70's lifestyle, I don't have the legs for the dresses.

In all seriousness though I really don't think 'my' generation are poorer than my parents generation. I think 'I' certainly have had, and continue to have, more opportunities than my mum did. I don't 'feel' poorer, I have my husband and kids, we have a decent lifestyle and the ability to buy alot more 'treats' than when I was younger plus we run 2 cars whereas my parents had one. We were bor in 1981 and 1983.

We have been 'lucky' in the area we live is lower than average prices but it doesn't mean houses are free. We/I have still had to work hard to save deposits, decorate houses etc but the difference seemed to be we were happy to do things gradually. I have friends who come into my home and moan/complain about how its just not fair that they cannot get a mortgage despite the monthly payments being affordable because they have 0 deposit, these same people think nothing of having girly weekends in Marbella or taking our HP or a brand new Audi A3 the they complain about insurance costs.

abaxas

ILW wrote: »

Remember Wolfie Smith?

The youth are too busy amassing gadgets and posting inane rubbish on Twitter.

Times change and the kids change, the flower power of the 60s/early 70's dissolved into hate.

All I'm saying is dont bite that hand that feed you, it might stop giving you food.

Muhasib

I always roll my eyes by the comments of people implying that if the younger generation hadn't bought an ipod or similar electronic gizmo (which will be between £100-£200 cost in reality) that this has some direct effect on the inability of first time buyers to buy a residential property at the current price level just like they did at the same age.

ILW

muhasib wrote: »

I always roll my eyes by the comments of people implying that if the younger generation hadn't bought an ipod or similar electronic gizmo (which will be between £100-£200 cost in reality) that this has some direct effect on the inability of first time buyers to buy a residential property at the current price level just like they did at the same age.

You forget to mention such things as starting work at 16 whilst living at home a saving a deposit.

MFW_10YRS_4

ILW wrote: »

You forget to mention such things as starting work at 16 whilst living at home a saving a deposit.

Those £25 to £50 mobile phone contracts mount up over time. :cool:

ess0two

MFW_10YRS wrote: »

Those £25 to £50 mobile phone contracts mount up over time. :cool:

x 24 months,quite a princely sum.

ess0two

muhasib wrote: »

I always roll my eyes by the comments of people implying that if the younger generation hadn't bought an ipod or similar electronic gizmo (which will be between £100-£200 cost in reality) that this has some direct effect on the inability of first time buyers to buy a residential property at the current price level just like they did at the same age.

Its not just the ipod,throw in a car and insurance for good measure,the mobile,2+ nights a week out,2 week med holiday.........