Older generation want too much too late

FATBALLZ

moneyinmypocket wrote: »

Your picking and choosing many of the good bits, times where tough back then - medical care is much better putting cost on having a loved one around longer can't be done

If your schooling was half as decent as you old codgers like to make out, you'd be aware that medical care has been improving for thousands of years and is total irrelevant to this discussion.

laurel7172

Houses were cheap because interest rates were so high. In my 20's it wasn't unusual for people to spend 40% of their incomes on their mortgage payments. I assume you count me as older. I'm 44.

Edit: oh, yes, and house prices falling by a third...while interest rates touched 17% for some. Low interest rates like these would have been like a gift from the gods when we were in negative equity..but we had to keep meeting ever-rising interest payments *and* save up half our home's value just to be able to start again...

I remember taking Marmite sandwiches to work because cheese was too extravagant...

Cleaver

macaque wrote: »

The older generation had cheap houses, free university, well paid jobs, good pensions, free dental care, miras, low stamp duty, low council rates, low taxes and good state benefits. Now they want the young (many of whom have to take low paid jobs and/or are saddled with ever rising university debts) to:

• To buy their houses at fantasy prices.
• Work like slaves to provide them with health care and pensions in their old age

I have never met anyone from the older generation who wants these things for young people. I meet people from the older generation who just lived the last 50 years as best they could and are probably a bit miffed about where we are right now.


I get bored of the constant over-simplified generalisations of generations on here.

wymondham

macaque wrote: »

The older generation had cheap houses, free university, well paid jobs, good pensions, free dental care, miras, low stamp duty, low council rates, low taxes and good state benefits. Now they want the young (many of whom have to take low paid jobs and/or are saddled with ever rising university debts) to:

• To buy their houses at fantasy prices.
• Work like slaves to provide them with health care and pensions in their old age

Whilst consumer goods have become cheap, many of the basic necessities for a civilised life are beyond the reach of younger people.

oh no not another one....... re your house issue, I'm 43 and I DONT want you to buy your house at these ridiculous prices. If you all said, 'right this is too high i'm not paying that' then the problem would ease, but so many 'have' to buy (usually on a scheme) and push up the prices for the rest of you, so tell your mates to hold fire!

For the record, my house was £34k when i bought it in 1990. I would be happy if it were still worth £34k now after all its the same house it was then!, but cicumstances out of my control have pushed it to stupid levels..... don't get angry with the older generation!!

winging does not help, so think about prices and if they are too high, forget about them, let some other poor soul buy that overpriced cardboard house on a complicated shceme whereby they will be stuck for years to come. Wait and save and it will come to you in the end I assure you!!

homelessskilledworker

Oldernotwiser wrote: »

I missed this the first time round!

How many more people claim benefits now than used to be the case when some of us were young and how many more different situations are covered?

Which is what makes life harder for many of those today that will work hell or high water, we have to pay for it.
And it is no joke having for many young adults having to watch some lazy(neverworked)tart knock out a handfull of kids with different fathers and live in better housing than the man/woman going to work at 7am. And this is not a unusual scenario these days, some areas have one in every three houses where people have never worked.

So your argument that it was tougher back then because you never had welfare like today is good that you never. And lets not forget that it is the young workers today working to pay for the Bankers !!!! ups as well as(and lets not let them off the hook) the specualtive types that live next door to us that gambled and borrowed too much.

StevieJ

Oldernotwiser wrote: »

I missed this the first time round!

How many more people claim benefits now than used to be the case when some of us were young and how many more different situations are covered?

Benefits are on a different planet now, that is part of the problem.

AD9898_2

macaque wrote: »

The older generation had cheap houses, free university, well paid jobs, good pensions, free dental care, miras, low stamp duty, low council rates, low taxes and good state benefits. Now they want the young (many of whom have to take low paid jobs and/or are saddled with ever rising university debts) to:

• To buy their houses at fantasy prices.
• Work like slaves to provide them with health care and pensions in their old age

Whilst consumer goods have become cheap, many of the basic necessities for a civilised life are beyond the reach of younger people.

Sucks hey, don't expect it to change though as it's the older generation making all the rules.

FATBALLZ

You do have to give the boomers some leeway though:

Scientists Discover why Boomers Talk Total Crap

http://www.bbc.co.uk/news/health-16425522

Itismehonest

AD9898 wrote: »

Sucks hey, don't expect it to change though as it's the older generation making all the rules.

If you're talking about politicians then, sadly, those "older generation" are all the younger generation for me & I haven't reached 60 yet!

macaque_2

Oldernotwiser wrote: »

Income tax at 25%, mortgage interest rates at 15%? Dream on!

The reference to tax comes straight from the Gordon Brown book of spin
You have omitted to mention changes to VAT, NI, employer's NI, council parking charges, council parking fines, petrol duty, tax on alcohol and tobacco, loss of tax subsidy on train fares, miras, council tax, water charges, IR35, hospital parking charges, care charges, dental charges, passport charges, planning approval charges, taxi licence charges, manure heap charges etc.

Interest rates
How many months did you pay mortgage rates at 15% and how long did it take for wage inflation to devalue the debt.