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Yoof struggling - I think not
Comments
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ruggedtoast wrote: »I can't believe 5 people thanked this unsubtantiated nonsense.
Nine actually.
Perhaps you would like to substantiate why it's nonsense -- other than just pitching your opinion against mine (and the nine's).No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Graham_Devon wrote: »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...
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.
Of course everyone wants it now, if they can get it. But the older generation for various reasons has mostly accepted reasonable financial probity and the concept of building up to their eventual standard of living, not expecting everything from the outset.
Let's not get too hung up on the generalisation issue, and the "can you prove it ?" syndrome. That kind of pedantry will kill an exchange like this stone dead. This is a discussion forum after all, not a court of law.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »Of course everyone wants it now, if they can get it. But the older generation for various reasons has mostly accepted reasonable financial probity and the concept of building up to their eventual standard of living, not expecting everything from the outset.
Let's not get too hung up on the generalisation issue, and the "can you prove it ?" syndrome. That kind of pedantry will kill an exchange like this stone dead. This is a discussion forum after all, not a court of law.
Pedantry? So you want to simply splurge a load of generalisations, slagging off a generation, and then suggest people are pedants if they pick you up?0 -
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.
What is that about? it seems to me that the post BB generation will inherit more tangible wealth than any generation in the history of mankind
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Don't worry, the boomers will get their comeuppance as soon as the yoof are in power. If they think we are paying for a comfy retirement father they left us a trillion debt to pay off they are wrong.0
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Don't worry, the boomers will get their comeuppance as soon as the yoof are in power. If they think we are paying for a comfy retirement father they left us a trillion debt to pay off they are wrong.
So the post BB generation is going to be the first generation that pays down national debt?
Pull the other one.0 -
Don't worry, the boomers will get their comeuppance as soon as the yoof are in power. If they think we are paying for a comfy retirement father they left us a trillion debt to pay off they are wrong.
I am not sure if this will be the case.
Newsnight 2 nights back invited about a dozen Pensioner guests to discuss their prosperity in light of the various changes going through. David Willetts acted as a government spokesman on the panel.
When you hear pensioners on this sort of show :
- they are very coherent
- they seem to share collective goals
- they are acutely aware of voting rights
- they realise how big a voting block they are, and how governments will need to court this voting block
- they have no intention of accepting change without a fight.
In recent elections people of pensionable age were twice as likely to vote.
Young people by contrast often seem distracted with life issues, and don't seem as collective. How will they compete in the voting stakes?0 -
So the post BB generation is going to be the first generation that pays down national debt?
Pull the other one.
Good one, maybe they could put their inherited personal wealth to good use and pay off the national debt. Then again the govt could introduce a 100% inheritance tax with no allowance, that should do the job
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Don't worry, the boomers will get their comeuppance as soon as the yoof are in power. If they think we are paying for a comfy retirement father they left us a trillion debt to pay off they are wrong.
By the time they get around to it, it will be your lot that they will be picking on 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
On thing about this inherited wealth, firstly not all of us are going to get anything, secondly if things carried on the only way people would have been able to own a home would be killing there parents or winning the lottery.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
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