Bank of Mum and Dad issues fewer loans

ukcarper

neverdespairgirl wrote: »

For the baby boom? Life so dull that a baby bulge was inevitable?

For the term Baby Boomer thank's to Baby Boomer edition.

zagfles

Percy1983 wrote: »

I do agree that wealth always filters though, but lets think of a fairer way.

If HPI goes through roof, great there children will benefit, but which children? only those who have parents who own homes.

And only if the "children" already have homes themselves, obviously. Otherwise it's pretty much neutral. Not a lot of difference in inheriting £100k and having to spend £100k buying a house or inheriting £200k and having to spend £200k buying a house.

John_Pierpoint

Clifford_Pope wrote: »

The surge in births was much more pronounced in the USA, and lasted for longer. Britain's peaked in 1946 and then rapidly declined. But Britain had a second, smaller, boom in the early sixties, and a third, smaller still, in 1990.

Here are the bulges, an animation that scrolls through by census:

http://www.bbc.co.uk/news/uk-18854073

There was a sharp bulge after WW1.
A longer bulge after WW2.
A big bulge during the 60s, the queen had 4 and teenage girls thought that makes the perfect family too.
A small bulge in "yuppie" 1980s.
Another small bulge now, at a rate matching the post WW2 bulge.

The American reference to baby boomers generally refers to the American kids born in the 40's 50's and 60s to an America with wage rates and standard of living expectations, double those in the in the UK until the 1980s and subsequent oil & then credit boom.

http://www.bbc.co.uk/news/uk-18854762
http://en.wikipedia.org/wiki/Advanced_maternal_age
http://en.wikipedia.org/wiki/Age_at_first_marriage

Percy1983

zagfles wrote: »

And only if the "children" already have homes themselves, obviously. Otherwise it's pretty much neutral. Not a lot of difference in inheriting £100k and having to spend £100k buying a house or inheriting £200k and having to spend £200k buying a house.

Exactly, to those with inheritance all is ok, but if your parents don't own a home then the difference between £100k and £200k is quite a lot.