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How can people be so greedy?

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Comments

  • MrsE_2
    MrsE_2 Posts: 24,161 Forumite
    10,000 Posts Combo Breaker
    Addy1 wrote: »
    Or be junior doctors, for that matter!


    :rotfl: :T
  • andyrules
    andyrules Posts: 3,558 Forumite
    aztec21 wrote: »
    If you leave university with a 30k debt you have done a very poor job of managing your finances.

    Sorry but what calculation are you doing? Have you heard of top up fees?

    I attended a finance talk at the open day of my daughter's college - they said that as things were then, students starting in 2006 could expect a debt of £28k.

    So far that's spot on - in fact if she didn't work and have our backing she would also be forced into CC debt as well.

    Dylanwing is so correct about the impact on society regarding the next generation - it is what many of us are predicting, and the sooner this gvt wakes up to it the better.
  • Addy1
    Addy1 Posts: 209 Forumite
    totally agree with the above. I started before top up fees and I still struggled!
  • have thought about it, but its getting harder and harder all the time to make money from gambling as the various firms are wising up all the time.

    i'm keeping my benefits, as they will effectively be my "pension" when i "retire" from gambling.

    Erm, am I right in saying that if you have £100k in savings, you are effectively committing fraud? You're not supposed to have more than £16,000 in savings (less for some means-tested benefits). I guess you've conveniently forgotten to tell the DWP about this?

    Imagine if every single person in this country decided to do what you do and think '!!!! it, i'm not going to work any more' and claim benefit - what then? This country would grind to a halt. I think anyone who can work but doesn't should not be simply left to their own devices - who is monitoring your situation? It makes me so angry because as a person with disabilities, I could easily sit on my ever expanding backside all day claiming every benefit under the sun, but I don't - I have more personal pride and a social conscious than that. I might be what you'd describe as a 'mug', but at least I can spend my money knowing I haven't lied and screwed it out of someone else. Don't get me wrong, i'm glad there is a welfare system in this country -there are people who are in genuine need of help for various reasons, but it shouldnt actually be used as a lifestyle choice. Shame on you.

    I'm so glad I work and pay my taxes so I can fund your bone idle existence - really makes me feel proud to be British...
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    neas wrote: »
    The way i see things as a 24 year old my father's generation have essentially Outpriced me out of the housing market all together..... for many years to come.

    I have a 24 year old daughter and I didn't have it financially easy either (unless we happened to be ready to buy when a house price crash was happening, and didn't have any property to sell).

    As a guide to house price rises then:- In 1972, my mother remarried. They both sold their houses in very desiable areas in the SE (one for £11,700 and the other for £13,000) and bought a house for £26,000 in the sort of area that lottery winners would aim to live in now and a well known chef lives in that road now. 26k was a lot of money to spend on a house in 1972.

    Just seven and half years later, in 1980, I bought my first house as a for £26,500. on a single wage:eek: Not in the same road as my parents as they were well out of my reach. In fact, 26.5K would not even buy one of those two houses that my parents had sold to buy that exclusive house!

    I was lucky to get the house I bought in 1980, so cheaply (another story) in a not so good area and I had a very well paid job and was very fortunate indeed to work for a bank who gave its staff a fixed 5% mortgage rate as mortgage rates were very very high (about 12% I think?). Female staff at my bank use to get their mortgages for 2.5% but when the equal wages for women came in, the bank put the females mortgages up to what the male staff had to pay.:eek:

    Many of my work colleagues had to live far outside the square mile to get a house they could just afford and travel a long way to work. Strikes were rife then too which made it very awkward to get to work as he rail unions were always calling "everyone out". The roads to London use to be blocked solid on those strike days. The minors were always on strike too and we often had to work huddled around a gas light to save power for the country while the minors were at it again, well, those of us that were lucky enough to keep our jobs as the the minors strikes made some firms unable to operate and peoples jobs were lost through no fault of their own.

    Goods were not cheap to buy then either. I was given furniture by family and friends to stock my house. When I could afford it, I eventually bought a top of the range stereo system for £800, which was the same price as you could buy a two year old ford escort for. No cheap imports then.

    Financially, I don't think we did have it any better when I was in my 20s.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • aztec21
    aztec21 Posts: 134 Forumite
    andyrules wrote: »
    Sorry but what calculation are you doing? Have you heard of top up fees?

    I attended a finance talk at the open day of my daughter's college - they said that as things were then, students starting in 2006 could expect a debt of £28k.

    So far that's spot on - in fact if she didn't work and have our backing she would also be forced into CC debt as well.

    Dylanwing is so correct about the impact on society regarding the next generation - it is what many of us are predicting, and the sooner this gvt wakes up to it the better.


    If you look at the link below average student debt is nowhere near 30k.
    Average student debt
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Erm, am I right in saying that if you have £100k in savings, you are effectively committing fraud? You're not supposed to have more than £16,000 in savings (less for some means-tested benefits). I guess you've conveniently forgotten to tell the DWP about this?
    Correct
    Imagine if every single person in this country decided to do what you do and think '!!!! it, i'm not going to work any more' and claim benefit - what then?
    Yes, what if? CHEAT!!
    I think anyone who can work but doesn't should not be simply left to their own devices
    I agree. I can work at the moment, but don't. I look after myself based on my savings and the few quid I can make herre and there (doing quite well at it now with some practice). And I submit a full tax return each year.

    For the record, my 2006-2007 earnings were £12,500. I claimed no benefits. I didn't cheat. Why should somebody else? It's not fair. I've suffered for my choice. So should they!
    It makes me so angry because as a person with disabilities, I could easily sit on my ever expanding backside all day
    I have a disability it seems, I could milk that if I tried. But I've always been fiercely independent. I don't want to be judged or have my life nosied into with their damned long form.
    I have more personal pride and a social conscious than that. I might be what you'd describe as a 'mug', but at least I can spend my money knowing I haven't lied and screwed it out of someone else. Don't get me wrong, i'm glad there is a welfare system in this country -there are people who are in genuine need of help for various reasons, but it shouldnt actually be used as a lifestyle choice. Shame on you.
    Hear, hear
    I'm so glad I work and pay my taxes so I can fund your bone idle existence - really makes me feel proud to be British...
    I am so glad I don't work right now. I've never found anything but bad bosses and low pay. I personally am best out of it as the working bit was what was really knocking me back. I've strived my life to find ways to be independent and to work from home.

    I'd like to get "back into work" so to speak at some future point. But to be honest I'm scared of crashing and burning. But whatever happens I will ensure I am self-supporting for life. I won't give up and leech.
  • Addy1
    Addy1 Posts: 209 Forumite
    aztec21 wrote: »
    If you look at the link below average student debt is nowhere near 30k.
    Average student debt


    That is because, if you read around on the subject a bit more, the first year of top up fee students have not yet graduated, and they won't do for another year and a half.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It seems the one thing most contributors could agree upon is that the security of permanent housing, be it rented or bought, is now sadly lacking. Dylanwing expressed it well:
    Before the Wicked Witch we had a system of housing that was not perfect, but worked, being a mix of Owner Occupied and Social rented. Selling Council Houses for a pittance made some individuals rich, bought votes and created a short-term boom. Now, the youngsters are paying the price of this folly.

    I don't know anyone who became rich by buying their own council house, but perhaps there were people who 'collected ' them as they were sold on. Certainly the system wasn't perfect, as I remember people who stayed in their council house when their income clearly exceeded that of many mortgagees. However, the fact that they weren't asked to leave, and that they didn't want to, speaks volumes about the cohesiveness of these estates at that time.
  • aztec21
    aztec21 Posts: 134 Forumite
    Addy1 wrote: »
    That is because, if you read around on the subject a bit more, the first year of top up fee students have not yet graduated, and they won't do for another year and a half.

    The estimate was actually for first year top up fee students:

    "First-year students are totting up record debt levels of nearly £6,000 a year and face leaving university owing more than £17,500, according to a survey today.

    The report paints an alarming picture of the financial prospects for young people who signed on for courses in the first year of the Government's new top-up fees regime, obliging them to pay up to £3,000 a year. They clocked up debts of £5,586 in their first year - a 25.5 percentage point increase on the debts incurred by first-year students the previous year."

    Average student debt to hit £17,500 as top-up fees burden starts to bite
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