Young people today better savers than their parents

SecondLegDownIsTheBigOne

ukcarper wrote: »

As you did

."hey're in for a tough time. After all, they're not just paying for their own university education, they're paying for their parents' university education too".

You last statement was probably true in the past but will it be in the future.

Yes I did. I make no claim otherwise, but why alter the theme of the thread and every other thread on this forum.

And supporting my last statement in the manner you did smells significantly of "the older generations payed off their university tuition through their taxes, but the younger generation won't so they must pay up front."

How convenient.

SecondLegDownIsTheBigOne

Davesnave wrote: »

Do you mean the parents who help to support them through uni in a multitude of different ways?

I think it might be hard to find a causal connection between what I was doing in 1969 and the huge amount of rent my DD currently has to find to fund a similar lifestyle.

Going to uni in earlier times wasn't necessarily some kind of passport to vast riches. It was also much more difficult to get in. Indeed, had my DD had been living then, it's a fair assumption that she'd never even have smelled a university, unless it was working in the canteen.

Every era has its problems. The previous generation to mine had the Wars. Some did very well out of the changes those wrought and others had an appalling time. Either way, there were no internet forums to whinge on, so they just got on with it, and if they were like my Dad, thanked their stars that they weren't born as Victorians! :rotfl:

... from the Davesnave book of myths and fairytales.

Lokolo

StevieJ wrote: »

Any of you boffins like to explain this one could it be that only 6% actually went to Uni?

http://uk.finance.yahoo.com/news/young-people-today-better-savers-154818700.html

I saved before and during university (when working), so in my third year I could run a car, have a PS3 and 37" HD TV.

I suspect back in 1980s people didn't bother with any of that stuff so didn't need to save for anything.

ukcarper

SecondLegDownIsTheBigOne wrote: »

Yes I did. I make no claim otherwise, but why alter the theme of the thread and every other thread on this forum.

And supporting my last statement in the manner you did smells significantly of "the older generations payed off their university tuition through their taxes, but the younger generation won't so they must pay up front."

How convenient.

But they don't have to pay up front in fact if they don't earn enough they won't have to pay them of at all.

Davesnave

SecondLegDownIsTheBigOne wrote: »

... from the Davesnave book of myths and fairytales.

From the person who wrote:

4. I will buy your house for a song.

:rotfl:

PS. I have no problem with prices falling, and I expect they will, but I just don't think they will drop as much as you imagine.

SecondLegDownIsTheBigOne

ukcarper wrote: »

But they don't have to pay up front in fact if they don't earn enough they won't have to pay them of at all.

Yes I know, £21k threshold. I am informed.

So maybe the system hasn't changed, apart from their taxation having been considerably raised. Those that do make payments towards their tuition loans will be subsidising those who don't, it'll all be priced in.

For my part, I've apologised to my daughter for taking a free university education at her expense and assured her that I will do my very best to meet the lion's share of her costs.

SecondLegDownIsTheBigOne

Davesnave wrote: »

From the person who wrote:

4. I will buy your house for a song.

:rotfl:

... with his tongue planted firmly in his cheek. I suppose the blindingly obvious, for some, must be, well, blinding.

PS. I have no problem with prices falling, and I expect they will, but I just don't think they will drop as little as you imagine.

ukcarper

SecondLegDownIsTheBigOne wrote: »

Yes I know, £21k threshold. I am informed.

So maybe the system hasn't changed, apart from their taxation having been considerably raised. Those that do make payments towards their tuition loans will be subsidising those who don't, it'll all be priced in.

For my part, I've apologised to my daughter for taking a free university education at her expense and assured her that I will do my very best to meet the lion's share of her costs.

Basic rate income tax was more than the present basic rate tax and student loan repayments together.

I personally don’t think you should have to pay tuition fees but with 50% of young people going to university instead of 6% something has to give.


Just as an aside as the reason giving to charge fees is to help reduce the deficit how is that going to happen when government are paying fees now and won’t start recouping the money for at least 3 years.

Davesnave

SecondLegDownIsTheBigOne wrote: »

For my part, I've apologised to my daughter for taking a free university education at her expense and assured her that I will do my very best to meet the lion's share of her costs.

This gets better! If I said that to my daughter she'd say, "P!ss off Dad, don't be such a !!!!!!!" :rotfl:

But I expect your daughter is nobler than mine too, eh?

SecondLegDownIsTheBigOne

Davesnave wrote: »

This gets better! If I said that to my daughter she'd say, "P!ss off Dad, don't be such a !!!!!!!" :rotfl:

But I expect your daughter is nobler than mine too, eh?

No. I think she just has more respect.

At least your daughter is an excellent judge of character.