Yoof struggling - I think not

ukcarper

Percy1983 wrote: »

So true, I think my children should have to pay 5000x more for a house than I did because the internet will be faster and they will all have bigger TVs and better phones.

good chance they will have to pay less in real terms as you bought near top of boom

BobQ

moneyinmypocket wrote: »

Yoof always moan that they have it hard - give me a break. Every generation has its struggles. Most yoof have grown up with the wonderful Internet and tech booms - learning has never been eaiser - a wealth of knowledge at there finger tips. I don't prescribe to the notion that the yoof of today have it hard.

What do you gain by slagging off the youth of today? Some moan but many do not. Some people moan at every age. You are clearly someone who has spent your life moaning.

Having more information does not make learning any easier.

EchoLocation

moneyinmypocket wrote: »

...houses are v affordable at the moment.

I'm sure you could afford a £500 loaf of bread, but do you consider that a fair deal?

macaque_2

moneyinmypocket wrote: »

Yoof always moan that they have it hard - give me a break. Every generation has its struggles. Most yoof have grown up with the wonderful Internet and tech booms - learning has never been eaiser - a wealth of knowledge at there finger tips. I don't prescribe to the notion that the yoof of today have it hard.

It is hard to believe that any peace time generation has ever thrown away so much and left so little for the next generation to inherit.

BobQ

macaque wrote: »

It is hard to believe that any peace time generation has ever thrown away so much and left so little for the next generation to inherit.

Please be serious......

moneyinmypocket

macaque wrote: »

It is hard to believe that any peace time generation has ever thrown away so much and left so little for the next generation to inherit.

Clap trap - if you think that's true you are off your rocker - the boomers have given the world so much, the boomers have kids - where do you think the wealth will go eventually. We should be thanking the boomer generation for what we have today

SingleSue

moneyinmypocket wrote: »

They could save up for a house if they wanted - but instead this spolit generation want it all on a plate - holidays beer money sky sub etc never met yoof he couldn't get drunk or who didn't have a smart phone - bunch of slackers

I think you do the majority of the younger generation a dis service. My eldest son is 18, he works his butt off outside of his 6th form studies and expects nothing to be given to him but to work for it. The only holiday he goes on is our family one....in a rented caravan (through friends of my parents), in the UK.

ukcarper

This thread is starting to be taken much to seriously I’m one of the dreaded boomers and I can see moneyinmypocket is talking rubbish.

joe_blotts

macaque wrote: »

It is hard to believe that any peace time generation has ever thrown away so much and left so little for the next generation to inherit.

Thats not right, they left a trillion in debt,( expected to hit 1.5 trillion by 2015), an economy in tatters, an education system that ranks below Uganda and Costa Rica, a job market where for every graduate job there are 75 applicants and 10,000 boomers retiring everyday for the next 20 years to take care of. The yoof have never had it so good.

Graham_Devon

ukcarper wrote: »

This thread is starting to be taken much to seriously I’m one of the dreaded boomers and I can see moneyinmypocket is talking rubbish.

I'm assuming it's an attempt to start another intergenerational war, with others like George helping him with yet more wild generalisations.

George...what do you think MEW'ing was all about? It was wanting something now and withdrawing equity (in other words, adding to debt) to buy it now. It was massive. Are you going to suggest it was all the youth's doing this?

Seriously, the "want it now" thing is across ALL ages....(though IMO, excludes pensioners of today....maybe not of tommorow).

The personal debt is spread out across the nation, infact I'm sure the 40-50 year olds hold the most personal debt, only very recently has that started to change, just don't have the proof to hand right now. This suggests your theories are quite wide of the mark. The only difference is, one person already HAS the house, and wants everythign else now. The other doesn't have the house.

Aha...

Nearly two-thirds (65%) of all debt is held by
households aged 35-54. The 35-44 age group alone
holds 37% of all consumer debt. In contrast, the
over 65s hold about 3.5% of total consumer debt.

Source: British Household Panel Study, Institute of Social and
Economic Research/Future Foundation, 2003

Now, this DOES include mortgage debt, but this will have increased with MEWing also.

Young people have more unsecured debt, but they also are less likely to have a house to secure it against, so the figures don't neccesarily prove young people spend more on credit.