Baby Boomers making out like bandits as usual

reweird

I think the trouble boils down more to boomers being happy to work and save hard to make gains whilst the youngersters prefer little to no work and to credit binge to make gains. When the banks pulled in their lending it was bound to be those relying on others to fund their lives to suffer.

Going4TheDream

lilac_lady wrote: »

Free love?" I was too busy working from the age of 15 (14 if you count my Saturday job) to embrace the swinging sixties. Believe me, they didn't swing much for ordinary working class people.

Anything I have I've worked for and all the jealousy directed to "baby boomers" won't stop me enjoying my life in retirement.

Isnt it strange how people have a misconception about how they think things were so good back in the 'olden' days.... admittedly I was only born in the mid 60's but I remember my folks talking about them, and really times were still quite hard for the working class. Yes there were mad things going on in music/fashion/liberal attitudes and London was the trend setting capital of the world but most people were as far removed from that as we are from celebrity culture that is sweeping the nation today

ILW

Going4TheDream wrote: »

Isnt it strange how people have a misconception about how they think things were so good back in the 'olden' days.... admittedly I was only born in the mid 60's but I remember my folks talking about them, and really times were still quite hard for the working class. Yes there were mad things going on in music/fashion/liberal attitudes and London was the trend setting capital of the world but most people were as far removed from that as we are from celebrity culture that is sweeping the nation today

Try watching a few movies from the period such as "up the junction" to see a more realsitic view of swinging London.

Fred_Bear_2

ukcarper wrote: »

It’s a big surprise that people who have worked somewhere between 31 and 49 years has accumulated more wealth that someone who has worked a few years.

Exactly. And this quote from the Telegraph surprised me:

'A third of the £1.8trn held in pension funds is owned by this age group [50 to 64]'

Only a third? Surely the oldest third of the workforce should have accumulated much more than a third of the pension fund, considering they have been saving for 40 years or so. So which age group has got the baby boomers' share? Or could it be that the Telegraph hasn't checked its figures?

Going4TheDream

ILW wrote: »

Try watching a few movies from the period such as "up the junction" to see a more realsitic view of swinging London.

That kinda stuff had been going on for years and years and really wasnt 'swinging London'.

MRSTITTLEMOUSE

Fred_Bear wrote: »

Exactly. And this quote from the Telegraph surprised me:

'A third of the £1.8trn held in pension funds is owned by this age group [50 to 64]'

Only a third? Surely the oldest third of the workforce should have accumulated much more than a third of the pension fund considering they have been saving for 40 years or so. So which age group has got the baby boomers share? Or could it be that the Telegraph hasn't checked its figures.

Exactly but you'll never get the younger generation to see anything but what they want to.
Envy is a terrible thing and its become a terminal condition with some of them.

ILW

"Swnging London" was mainly a pretty small group of rich kids with a few token working class thrown in.

Going4TheDream

ILW wrote: »

"Swnging London" was mainly a pretty small group of rich kids with a few token working class thrown in.

Exactly and your comments about 'up the junction' related to the life in the slums in parts of south London - two wholly and totally separate things. My point in my original post related to the fact that many people have 'blinkered' picture of what life was really like in the sixties and how far removed from the 'swinging sixties' it actually was.

Jimmy_31

ILW wrote: »

Your decision.

Just checked rightmove and to be honest i think im better waiting a bit longer, even the repos are taking an age to sell if at all and the prices are still dropping on everything else.

Im sure we will get there soon enough.

ILW

Jimmy_31 wrote: »

Just checked rightmove and to be honest i think im better waiting a bit longer, even the repos are taking an age to sell if at all and the prices are still dropping on everything else.

Im sure we will get there soon enough.

Could come down a bit, but I believe if you are waiting for 50% drops you are dreaming. Whther to buy now or not probably depends on if you are paying rent or not.