Locked out of the property market. Generation X and Y's Dreams stymied.

Graham_Devon

wotsthat wrote: »

That's where the 'want it now' put downs come from because I reckon your dad's generation would be better than your's at resisting spending opportunities.

Wholeheatidly agree.

However, there is a caveat here. Although my parents specifically din't do this, my parents generation certainly did spend what they had available to them. This can be seen in the MEWing figures.

Theres a key difference to spending what's available, and spending what's not available.

I reckon the older generation are certainly more cautious to credit card debt for example. On the other end of the scale, many made the most of every opportunity to spend what was available to them in other ways.

My parents had basic home and economics lessons in school though, so I'm not sure if that had some impact? It all seems relative to me. My parents saw the credit card as a new thing. Today, it's just another monetry tool to most of the younger generation....alongside DRO's etc if it goes wrong. Debt is easy to get into now and easy to get out of, if you are so inclined, whereas previously debt was a geuinely bad thing if you couldn't pay it. I mean, even this site is largely aimed at spreading the message "it's not your fault".

ukcarper

Graham_Devon wrote: »

How do you work this out?

When prices went through the long term average, the people you say should have been not all that effected were 18.

That's a basic error should be 1972