Specifically 14 years and fact you say. Definitely all bad on the Tory watch, perfect at all other times. Sorry to break this to you, but your opinion does not make it fact.It’s not bitter or jealousness, it’s the fact that the last 14 years has seen every advantage that generation had been taken away from them.
it’s that generation that predominantly voted Brexit (freedom of movement gone) it’s that generation who continually voted conservative - great if you already had the property and good job not so much if you weren’t,
All this whilst batting down any issues the younger generation said with “well in my day…” as long as the older generation were fine, fuck everyone else.
like I said before - I’ve got a house, I’ve got a good job. But it doesn’t stop me being sympathetic to the younger generation
It’s not bitter or jealousness, it’s the fact that the last 14 years has seen every advantage that generation had been taken away from them.
it’s that generation that predominantly voted Brexit (freedom of movement gone) it’s that generation who continually voted conservative - great if you already had the property and good job not so much if you weren’t,
All this whilst batting down any issues the younger generation said with “well in my day…” as long as the older generation were fine, fuck everyone else.
like I said before - I’ve got a house, I’ve got a good job. But it doesn’t stop me being sympathetic to the younger generation
Brexit has been the most catastrophic decision made by this country since Chamberlain’s peace in our time.Specifically 14 years and fact you say. Definitely all bad on the Tory watch, perfect at all other times. Sorry to break this to you, but your opinion does not make it fact.
None so blinkered as those who will not see.
Right, enough, goodnight!!
I’m not anti old people. I’m sick and tired of hearing that young people don’t have work ethic or they just need to cut Netflix and holidays. It’s why my sympathy for the winter fuel payment is somewhat lessened“‘Y
Same here, I’m doing ok and I’m not anti-old people, but I fear for kids growing up now, they’re fucked. And yet you have boomers ranting on about immigrants like that’s the biggest problem facing the next generation.
Not at all. What the issue is, is the affordable housing is being brought up in buy to let. From a generation that already has one house…
and you’re right - owning isn’t the be all and end all, you could rent. But then the prices are 2x or 3x a mortgage. Becuase god forbid the land lords don’t make a profit.
the generation that can - usually bought their property in the right to buy then bought another one to feather their pensions.
The issue is the developers aren’t building enough affordable housing. They build the bare minimum . Which are then bought out by people who are leveraging their own property to buy another
So what formula do you think should be applied to pensions then?I’m not anti old people. I’m sick and tired of hearing that young people don’t have work ethic or they just need to cut Netflix and holidays. It’s why my sympathy for the winter fuel payment is somewhat lessened
there are so many costly issues away from immigration. Tax loopholes need closing, tax needs chasing up - this Covid commission needs to be up and running and claiming back the billions the last government gave to their mates (Michelle Mone needs to be locked up)
Pensions themselves need reforming, we can’t afford this triple lock. Although I accept no government is touching that one.
Fortunately it not in government so I can’t tell you the answer.So what formula do you think should be applied to pensions then?
Ah yes, the old 'young people waste their money so can't afford a house' trope. Because most of us didn't have to clear a house of tons of crap that their parents/grandparents bought at a time they supposedly had no money and were putting everything towards the mortgage... And they never spent nights down the pub spending their cash unnecessarily.
Fact is a lot of people at that time had social housing which cost far less in rent than current private sector rents allowing the ability to save along with some luxuries of the era (and there wasn't the same level of products and consumerism trying to get you to part with your money then either). And you don't get the option of buying your house off the landlord for a knock down price either.
Whether you like it or not, the ability to get housing back then was easier than it is now.
interesting article..
Stereotypes of millennials are usually not flattering. However a series of new studies shows that their predicament is not of their own making, and that many problems faced by those born after 1980- such as unemployment, the cost of living crisis, crippling student debt and unaffordable housing- are a consequence of those who came before them.
Thanks to the baby-boomer generation, millennials are the first in the history of humanity to be worse off than those who came before.
In “A Generation of Sociopaths – How the Baby Boomers Betrayed America”, Bruce Cannon Gibney argues that by refusing to make the most basic (and fairly minimal) sacrifices, they have bequeathed their children a mess of epochal proportions.
Boomers did not address climate change when they could, gutted public investment in social programmes that would have benefited their children and grandchildren, and ushered in a new era of economic precarity that left their descendants poorer and more anxious.
To paraphrase Philip Roth, they ensured “socialism for us and capitalism for everyone else”.
Through government programmes such as social security and other entitlements, they ran up huge debts that are now absorbing the taxes paid by millennials.
With the US and many governments continuing to run eye-watering budget deficits to fund such benefits for the elderly, at far higher interest rates than before, it remains unclear how sustainable it all is.
“Because the problems Boomers created are growing not so much in linear as exponential terms, the crisis that feels distant today will, when it comes, seem to have arrived overnight.”
And generational inequality is leading to social tension. Jill Filipovic, in her book “OK Boomer, Lets Talk”, explains what she sees as the root of the intra-generational tension: millennials are leading worse lives than their parents did, and Boomers are to blame.
Data show that, as Filipovic puts it, “life at 30 for your average Millennial looks close to nothing like as good as life at 30 did for the average Boomer, and instead of constructive dialogue & action we see deflections such as attempts to blame immigration for all our problems, resulting in ongoing & dangerous racial & societal tensions”.
Baby-boomers’ true political legacy, she argues, was the Thatcher-Reagan revolution of the 1980s. This was a consolidation of benefits for the elderly, the lowering of taxes, and the shrinking of the social safety net for the young and disadvantaged. All this has resulted in ever greater generational inequality.
Studies in Australia and the UK show worsening livelihoods and social discontent for the youth, particularly in the decade after the financial crisis.
A report compiled by economists at the Resolution Foundation has laid out the extent to which Britain’s millennial generation (defined here as people born between 1982 and 2000) are worse off than previous cohorts were at the same stage of life.
The authors found that millennials born in the late 1980s earned, on average, 8% less at the age of 30 than their counterparts from previous generations.
The audit also found that the typical weekly pay of graduates aged 30-34 fell by 16% in real terms between 2007 and 2023. And according to research from the House Buyer Bureau, UK house prices are currently sitting at 8.8 times the average earnings. This is an all-time record, and has more than doubled since the 1970s.
In Australia, the latest Scanlon Report, which maps social cohesion, says that almost half of 18- to 42-year-olds – that is millennials and Gen Z – said they were “barely getting along financially”, and the same amount believed the things they do in life are worthwhile only a little or only some of the time. Meanwhile they see the generation before enjoy their ‘protected status’ while asserting that millennials just don’t know how to manage their affairs properly.
Of course, not everything can be blamed on one previous generation. One should not equate inadequate progress with total failure. The Boomers didn’t even come close to creating a good world for their children — but they didn’t inherit a perfect world from their parents, either. It’s just that the boomer generation in particular appear to have had no issues in protecting themselves at the expense of their descendants.
There can be no doubt how difficult the current malaise of generational inequality, high house prices, high cost of living, high debt and stagnant wages makes life for the young. Combined with existential issues such as the climate crisis, collapse of the global order, and the current trend of “blaming immigration”, this means that for large swathes of those born after 1980, it is often hard to have any hope at all.
Great post but should remember that that many people of that generation also suffered insufferable poverty as well. Wasn't all a bed of roses
Yeah I know. Not looking to offend anyone but I thought it was a good read. I’m not a boomer or a millennial, I’m ‘generation X’ apparently so I’m now gonna see what people think of my generation & how we may also have fucked everything up
But I do agree with the theme of the article and some of the really good & well put posts above- for kids about to enter the big bad world now, it’s all a bit bleak because of what came before, and in general boomers (for want of a better word) don’t seem to give a toss, it’s all someone else’s mess to clean up and immigration seems to be the convenient scapegoat.
Indeed. Its what makes me strive to help my kids as much as possible knowing that I had it better than them in some ways
Fortunately it not in government so I can’t tell you the answer.
the current situation is unsustainable given the tax payer base to pensioners is becoming imbalanced - but that’s not something 55+ people would give a shit about is it
I'm 52 brought mine in 1996 for 37k, I've moved twice since then but have kept hold of it and have rented it since 2007. It's something to fall back on as I run a small electrical contracting business and dont pay into a pension. I've worked my balls off to get where I am and class myself as one of those working people that Kier aspires too. To many young ones out there spending more than they earn and want everything now, if I couldn't afford something I would save up and I stay in for months so I could go away on holiday.My parents generation were lucky but then so was I (age 51). Even in 1996 bought my first house in Cov for 40K with a 3k deposit and a mortgage of 300 quid a month. Job? A full time barman. In terms of young people wasting money, we all did, its called being young. You have the whole of the rest of your life to be skint raising kidsThere is no argument against the world being financially harder for the younger people now or any household without 2 solid incomes
I’ve not said they’re overpaid - I’m saying the current imbalance is unsustainableI never understand the notion that pensioners are overpaid by the state
Our state pension is one of the lowest in Europe
I’ve not said they’re overpaid - I’m saying the current imbalance is unsustainable
Let's look at some of those inequalities:interesting article..
Stereotypes of millennials are usually not flattering. However a series of new studies shows that their predicament is not of their own making, and that many problems faced by those born after 1980- such as unemployment, the cost of living crisis, crippling student debt and unaffordable housing- are a consequence of those who came before them.
Thanks to the baby-boomer generation, millennials are the first in the history of humanity to be worse off than those who came before.
In “A Generation of Sociopaths – How the Baby Boomers Betrayed America”, Bruce Cannon Gibney argues that by refusing to make the most basic (and fairly minimal) sacrifices, they have bequeathed their children a mess of epochal proportions.
Boomers did not address climate change when they could, gutted public investment in social programmes that would have benefited their children and grandchildren, and ushered in a new era of economic precarity that left their descendants poorer and more anxious.
To paraphrase Philip Roth, they ensured “socialism for us and capitalism for everyone else”.
Through government programmes such as social security and other entitlements, they ran up huge debts that are now absorbing the taxes paid by millennials.
With the US and many governments continuing to run eye-watering budget deficits to fund such benefits for the elderly, at far higher interest rates than before, it remains unclear how sustainable it all is.
“Because the problems Boomers created are growing not so much in linear as exponential terms, the crisis that feels distant today will, when it comes, seem to have arrived overnight.”
And generational inequality is leading to social tension. Jill Filipovic, in her book “OK Boomer, Lets Talk”, explains what she sees as the root of the intra-generational tension: millennials are leading worse lives than their parents did, and Boomers are to blame.
Data show that, as Filipovic puts it, “life at 30 for your average Millennial looks close to nothing like as good as life at 30 did for the average Boomer, and instead of constructive dialogue & action we see deflections such as attempts to blame immigration for all our problems, resulting in ongoing & dangerous racial & societal tensions”.
Baby-boomers’ true political legacy, she argues, was the Thatcher-Reagan revolution of the 1980s. This was a consolidation of benefits for the elderly, the lowering of taxes, and the shrinking of the social safety net for the young and disadvantaged. All this has resulted in ever greater generational inequality.
Studies in Australia and the UK show worsening livelihoods and social discontent for the youth, particularly in the decade after the financial crisis.
A report compiled by economists at the Resolution Foundation has laid out the extent to which Britain’s millennial generation (defined here as people born between 1982 and 2000) are worse off than previous cohorts were at the same stage of life.
The authors found that millennials born in the late 1980s earned, on average, 8% less at the age of 30 than their counterparts from previous generations.
The audit also found that the typical weekly pay of graduates aged 30-34 fell by 16% in real terms between 2007 and 2023. And according to research from the House Buyer Bureau, UK house prices are currently sitting at 8.8 times the average earnings. This is an all-time record, and has more than doubled since the 1970s.
In Australia, the latest Scanlon Report, which maps social cohesion, says that almost half of 18- to 42-year-olds – that is millennials and Gen Z – said they were “barely getting along financially”, and the same amount believed the things they do in life are worthwhile only a little or only some of the time. Meanwhile they see the generation before enjoy their ‘protected status’ while asserting that millennials just don’t know how to manage their affairs properly.
Of course, not everything can be blamed on one previous generation. One should not equate inadequate progress with total failure. The Boomers didn’t even come close to creating a good world for their children — but they didn’t inherit a perfect world from their parents, either. It’s just that the boomer generation in particular appear to have had no issues in protecting themselves at the expense of their descendants.
There can be no doubt how difficult the current malaise of generational inequality, high house prices, high cost of living, high debt and stagnant wages makes life for the young. Combined with existential issues such as the climate crisis, collapse of the global order, and the current trend of “blaming immigration”, this means that for large swathes of those born after 1980, it is often hard to have any hope at all.
I'm 52 brought mine in 1996 for 37k, I've moved twice since then but have kept hold of it and have rented it since 2007. It's something to fall back on as I run a small electrical contracting business and dont pay into a pension. I've worked my balls off to get where I am and class myself as one of those working people that Kier aspires too. To many young ones out there spending more than they earn and want everything now, if I couldn't afford something I would save up and I stay in for months so I could go away on holiday.
Tell you the truth I’ve written off a state pension when I’m that age.Well the government has yesterday slapped a huge tax which makes it far worse for future generations
Tell you the truth I’ve written off a state pension when I’m that age.
Let's look at some of those inequalities:
Student debt: only if you go to university, most don't need to. Too many wasting their time at basically polytechnics and come out expecting grad level jobs. Debt that was introduced under Labour for the ones higher up blaming the last 14 years only btw.
Unemployment: it's actually pretty good. Why do you think immigrants who people blame for this are here? They come to work not to scrounge as many suggest. The difference is they don't think some of those jobs our starters who aren't prepared to do, are below them. Cleaning, picking produce etc (all of which are better than some of the dangerous and hard manual labour the boomers did)
Climate change: really? The generation who had one or zero cars? Walked and cycled to school or work, didn't have flights for foreign holidays and used public transport. Made their own meals, no packaging or waste. I'll bet everyone on here has taken a flight which is more than you can ever save in one lifetime. We're also only a very small part and with the numbers in places like China, unless they do their bit, then we're playing at it and peeing in the wind, but equally it was that generation who introduced recycling!
Money that could be passed on to the next generation to buy a house.Im talking about them seizing 50% of private pensions that would have gone to the next generation
Money that could be passed on to the next generation to buy a house.
and why did they do that, or did they just do it for a laugh
No one seems to know why they’ve done it.
Why didnt they raid funds to public sector workers as well or did they just do it for a laughand why did they do that, or did they just do it for a laugh
So can you tell me which part of my 'opinion' on unemployment, student debt or climate change you disagree with specifically? I'm not denying their existence, I want you to pull apart my reasoning.This is opinion driven. There are umpteen empirical & data driven studies, I was surprised myself at how many- the negative impact of the boomer on future generations, as it turns out, is well established. And that’s not the same as saying “I don’t like old people”
Good old days, look at us all sensible nowI would say though we didn't have social media telling us we were losers if we didn't have that and that and that. Far more pressure in that respect. I have to say though I'd pay a lot of money for a time machine to take me to 1996, great year
did they not justify it or explain it somehow?
They say it makes it fairer. So a track worker whose earned low wages but had a substantial fully taxed and contributed pension fund - which he is already taxed on withdrawals - can no longer on death give his family the funds - it’s stupid
The justification is to raise more taxes.did they not justify it or explain it somehow?
In reality its just a revenue earner which will prevent the much maligned boomer generation with private pension pots from passing on funds to younger generations. Introduced by a Gen X chancellor,They say it makes it fairer. So a track worker whose earned low wages but had a substantial fully taxed and contributed pension fund - which he is already taxed on withdrawals - can no longer on death give his family the funds - it’s stupid
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