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Young people today better savers than their parents

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Comments

  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    As job prospects get tougher, I wonder if more young people will defer Uni for a year or 2, and try to build up a buffer.

    It's a good thing young people are saving, for whatever purpose.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kabayiri wrote: »
    As job prospects get tougher, I wonder if more young people will defer Uni for a year or 2, and try to build up a buffer.
    .

    I'm sure they will, but I agree, that isn't a bad thing. Besides learning skills which will help them both in and out of uni, more will be better able to judge what they want from courses.

    Drop out rates tell their own story about this.

    Sudents will also become more discerning and critical, so with this extra 'consumer focus,' courses offered should improve both in terms of content & relevance.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    SecondLegDownIsTheBigOne wrote: »
    No. I think she just has more respect.

    At least your daughter is an excellent judge of character.

    We've met before. You had a different name then, but the style is familiar. Lord knows why you find a harmless old buffer like me quite so offensive, but I obviously push the right buttons.
  • SecondLegDownIsTheBigOne
    SecondLegDownIsTheBigOne Posts: 334 Forumite
    Davesnave wrote: »
    We've met before. You had a different name then, but the style is familiar. Lord knows why you find a harmless old buffer like me quite so offensive, but I obviously push the right buttons.

    Oookaaay. Now there's some kind of conspiracy/vendetta? I don't think we need to indulge your paranoid delusions. Just keep pushing the buttons.
    1. The house price crash will begin.
    2. There will be a dead cat bounce.
    3. The second leg down will commence.
    4. I will buy your house for a song.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    shortchanged wrote: »
    It's likely to be because a generation ago you didn't need to save to go to Uni as there were still grants being paid and no tuition fees to pay, although I see the report does mention that Barclays failed to note this rather important factor.

    A generation ago far fewer individuals went to college so grants from the taxpayer were affordable - although I see you've failed to note this rather important factor.
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    The yahoo report makes no mention of how much or what proportion of wages the young people are saving for uni. Without this, and without a decent comparable this report is meaningless, im amazed it passes for news!

    I saved a few months wages when I went to uni with 4 grand in cash. All my flatmates had saved something, be it birthday money, wages , be it tens or hundreds or thousands of pounds, or just the contents of a copper jar!

    Im only 35 though so obvioulsy not the barclays comparable ;)
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • geneer
    geneer Posts: 4,220 Forumite
    I've saved since uni. Which is why I was able to put 25% deposit down.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    StevieJ wrote: »
    Any of you boffins like to explain this one :) could it be that only 6% actually went to Uni?
    So clearly it's a waste of time trying to save the financial illiterates from themselves by feeding them the obviously correct answer at the start.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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