Youngters getting a poor deal

Pobby

I really feel sorry for many young folk. Off to uni, debt to the eyeballs and then the battle to get a job. Of course not every kid goes to uni. In fact, in my family, my niece and her partner earn jointy about 50k a year. Decent income but have to rent in an area in the South East where, for me, it was a piece of cake to buy when I was younger than the pair of them.

Pensions, who knows if the state will be able to give them much. Private pensions, you sure have to pay in a lot. On top of that there are many here who are critical of youths, yoofs I think they call them.

Well said yoofs knocked on my door, marketing consultants they introduced themselves as. Not convinced but at least they had a dreadful job selling me something I had no interest in. Having a go in this country which has horribly changed over the years.

So they smoke dope, drink. Not overly surprised. Most likely feel like no hopers which is saddening. I find it very hard to see where this is going to lead us. Kids need a better deal.

thescouselander

Its worse than you think. £50k is not a decent joint income, especially in the south east.

PaulF81

Its why 10% of our best uni grads are heading abroad. I will be doing the same in the very near future.

Sinking ship and all that The boomers did it.

ukcarper

Pobby wrote: »

I really feel sorry for many young folk. Off to uni, debt to the eyeballs and then the battle to get a job. Of course not every kid goes to uni. In fact, in my family, my niece and her partner earn jointy about 50k a year. Decent income but have to rent in an area in the South East where, for me, it was a piece of cake to buy when I was younger than the pair of them.

Pensions, who knows if the state will be able to give them much. Private pensions, you sure have to pay in a lot. On top of that there are many here who are critical of youths, yoofs I think they call them.

Well said yoofs knocked on my door, marketing consultants they introduced themselves as. Not convinced but at least they had a dreadful job selling me something I had no interest in. Having a go in this country which has horribly changed over the years.

So they smoke dope, drink. Not overly surprised. Most likely feel like no hopers which is saddening. I find it very hard to see where this is going to lead us. Kids need a better deal.

I agree things are tough for young people but the main reason is the lack of decent jobs and if they were available housing would not be so much of a problem.

As for pensions nobody knows what the state pension will be in 30 or 40 years time contary to what some people think the majority of people retiring now do not have final salary pensions and are suffering low annuity rates.

Mr._Pricklepants

Pobby wrote: »

In fact, in my family, my niece and her partner earn jointy about 50k a year. Decent income but have to rent in an area in the South East

50K joint a year (assuming this is gross) is not a decent income in the South East and less so in London.

MacMickster

University should now only be considered an option for those intending to study a course that will directly lead to a job, or the relatively wealthy.

We need the rest of our youngsters to develop entrepreneurial and business skills. There are likely to be less and less good job opportunities for some time, but a deep recession brings with it opportunities for new businesses and trading.

If we are going to increase the school leaving age, then we should devote most of the extra year to teach our children business skills, to be able to compete, eventually, with others globally.

It is much easier for the young to take business risks, before they have the responsibility of a family and mortgage. If the UK is going to thrive going forward then we need to make it easier for more of them to do so

There is no point whinging about how things used to be better/different. Times have changed. Britain used to "rule the waves" and have an empire. We are where we are, and the sooner that people stop feeling entitled to a "good old days" standard of living, and instead make the most of today, the better off that they will be.

CWSmith

It's the future for the young that worries me.

Daughter has just moved into a new rented place - she's been renting since leaving uni, and is sure she will never afford to buy her own place. But this time around, there were upwards of 20 applicants for every house she viewed! She had a devil of a job finding anywhere to live and according to the estate agents, this is normal now!

So what is going to happen in 30, 40 years down the line? All these people with no homes of their own and (if they are anything like daughter) struggling to fund a private pension along with all their other expenses.

I foresee either everyone having to work until they die, or the Gov having the biggest housing benefit outlay ever, with countless thousands of oldies in the private rental sector and unable to pay the rent on low on non-existent pensions, or ................ a massive pensioners' cardboard city.

Scary!

CLAPTON

CWSmith wrote: »

It's the future for the young that worries me.

Daughter has just moved into a new rented place - she's been renting since leaving uni, and is sure she will never afford to buy her own place. But this time around, there were upwards of 20 applicants for every house she viewed! She had a devil of a job finding anywhere to live and according to the estate agents, this is normal now!

So what is going to happen in 30, 40 years down the line? All these people with no homes of their own and (if they are anything like daughter) struggling to fund a private pension along with all their other expenses.

I foresee either everyone having to work until they die, or the Gov having the biggest housing benefit outlay ever, with countless thousands of oldies in the private rental sector and unable to pay the rent on low on non-existent pensions, or ................ a massive pensioners' cardboard city.

Scary!

how many times have you written to your MP and said that you think more houses ought to be built.

building houses is not rocket science; all that's lacking is the political will to do it.

Carl31

Mr._Pricklepants wrote: »

50K joint a year (assuming this is gross) is not a decent income in the South East and less so in London.

its a fair joint income, but wont supply you with a luxurious lifestyle
Probably an average, family, household income round this way, I would say

Carl31

CWSmith wrote: »

It's the future for the young that worries me.

So what is going to happen in 30, 40 years down the line? All these people with no homes of their own

as someone mentioned on here the other day, perhaps the owbership of houses seen over the past 30/40 years will just go down as a blip in history where people did that, and housing will return to just renting as it was previously
If so, so what? The economy changes, lifestyle changes, it happens
We used to pay 8% VAT in this country, we now pay 20%, theres no beggars lining the streets as a result, society just adapts. its not scary, just different to what happened before

Roota_2

thescouselander wrote: »

Its worse than you think. £50k is not a decent joint income, especially in the south east.

Uni is going to be a waste of time by the time the next gen leave school.

They would be better off just working in Mcdonalds now without the huge student debt and wasted 4 years.