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The younger generations are fvcked. Rate Topic: 
#1 
?
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Posted Yesterday, 09:53 AM
http://www.bbc.co.uk...gazine-21302065Have young people never had it so bad?
Rising wages and low house prices helped the baby boom generation to prosper. Today's young face high unemployment, expensive education, and a lifetime of renting. Have they never had it so bad?
(quite a long article - worth a read - very HPC!)
There is a comments section too..! 
#2 ?
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Posted Yesterday, 09:59 AM
Chuffy Chuffnell, on 05 February 2013 - 09:53 AM, said:
Have young people never had it so bad?
Rising wages and low house prices helped the baby boom generation to prosper. Today's young face high unemployment, expensive education, and a lifetime of renting. Have they never had it so bad?
(quite a long article - worth a read - very HPC!)
There is a comments section too..!
To 2009 or so, expectations of the youth were never higher in history - needing to be brutally dashed since. Whose fault is that? Is it really worse than 1910 or 1930? Or many other periods in history?
--Willy Wonka
Space is not a passive vacuum, but has properties that impose powerful constraints on any structure that inhabits it....
--Arthur Loeb
#3 ?
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Posted Yesterday, 10:00 AM
Toto deVeer, on 05 February 2013 - 09:59 AM, said:
To 2009 or so, expectations of the youth were never higher in history - needing to be brutally dashed since. Whose fault is that? Is it really worse than 1910 or 1930? Or many other periods in history?
The article specifically states that this is the worst time to be young SINCE the war - obviously pre-war generations have had it worse.
Please read it (and the comments - which are encouraging): it's perfect HPC stuff - house price bubble pricing the young out, the contrast between growing up in the 50s/60s and now, high education costs, people moving abroad... etc.
It's taking time (years and years) but the stuff that was obvious to many HPC members years ago is now coming to the public's (The Flock) mind.
This post has been edited by Chuffy Chuffnell: Yesterday, 10:02 AM
#4 ?
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Posted Yesterday, 10:02 AM
Toto deVeer, on 05 February 2013 - 09:59 AM, said:
To 2009 or so, expectations of the youth were never higher in history - needing to be brutally dashed since. Whose fault is that? Is it really worse than 1910 or 1930? Or many other periods in history?
I was earning ?140/week as a 16 year old apprentice, straight out of school, in 1990.
There is a war going on for your mind. If you are thinking, you are winning.
#5 ?
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Posted Yesterday, 10:03 AM
eight, on 05 February 2013 - 10:02 AM, said:
I was earning ?140/week as a 16 year old apprentice, straight out of school, in 1990.
So that's the equivalent of earning ?1200 a month today. Which you'll be lucky to do at the age of 26...
This post has been edited by Chuffy Chuffnell: Yesterday, 10:04 AM
#6 ?
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Posted Yesterday, 10:06 AM
I'd say pre war gens had it worse, but I'm constantly surprised by how few boomers understand how hard it is for a lot of youngsters.My dad grew up during a time where if he didn't like his job he could tell his boss to stuff it in the morning and have a new one lined up by lunch. His low early life wage was enough to buy a small house and start a small family with a stay at home mum.
He'd be out work and homeless now or in a dodgy HMO. Worse: queues of boomers would be queuing up to beat him with rolled up copies of the Daily Express and their BTL portfolios, to let him know how that was his fault.
This post has been edited by byron78: Yesterday, 10:09 AM
#7 ?
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Posted Yesterday, 10:08 AM
Chuffy Chuffnell, on 05 February 2013 - 09:53 AM, said:
Have young people never had it so bad?
Rising wages and low house prices helped the baby boom generation to prosper. Today's young face high unemployment, expensive education, and a lifetime of renting. Have they never had it so bad?
(quite a long article - worth a read - very HPC!)
There is a comments section too..!
Good article.
Quote
In October 2011, a new group, the Intergenerational Foundation, argued that older people were "hoarding housing" and should be encouraged to downsize.
"Older generations own more than two-thirds of the nation's housing stock," says Angus Hanton co-founder of the foundation. "They have rewarded themselves with unaffordable pensions and intimidate policy makers through sheer cohort size and lobby-power."
.
High property prices increase: living costs; production costs; and government costs - hence all prices , and taxes!
This also reduces Britain's international competitiveness, impoverishing all of us, including property owners
And NIMBYism is evil.
.
#8 
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Posted Yesterday, 10:10 AM
Chuffy Chuffnell, on 05 February 2013 - 09:53 AM, said:
Have young people never had it so bad?
Rising wages and low house prices helped the baby boom generation to prosper. Today's young face high unemployment, expensive education, and a lifetime of renting. Have they never had it so bad?
(quite a long article - worth a read - very HPC!)
There is a comments section too..!
I dont think anyone under 40 reads the BBc website going by the comments. Apparently the young have never had it so good 
#9 ?
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Posted Yesterday, 10:11 AM
byron78, on 05 February 2013 - 10:06 AM, said:
My dad grew up during a time where if he didn't like his job he could tell his boss to stuff it in the morning and have a new one lined up by lunch. His low early life wage was enough to buy a small house and start a small family with a stay at home mum.
He'd be out work and homeless now or in a dodgy
HMO.
Much of this problem is not intergenerational. It has to do with the creeping financialization of each sector of the economy. The BBC article is a bit misleading on this. I don't like this intergenerational argument - it is a diversion from the real cause.
This post has been edited by Toto deVeer: Yesterday, 10:12 AM
There's no earthly way of knowing...which direction we are going...--Willy Wonka
Space is not a passive vacuum, but has properties that impose powerful constraints on any structure that inhabits it....
--Arthur Loeb
#10 ?
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Posted Yesterday, 10:13 AM
Chuffy Chuffnell, on 05 February 2013 - 09:53 AM, said:
Have young people never had it so bad?
Rising wages and low house prices helped the baby boom generation to prosper. Today's young face high unemployment, expensive education, and a lifetime of renting. Have they never had it so bad?
(quite a long article - worth a read - very HPC!)
There is a comments section too..!
While I absolutely agree that as it stands young people (I could extend that to a lot of age groups) are facing a lifetime of renting - wouldn't those that believe we are on the verge of a property price collapse take a more optimistic view that for those in work ,their ability to afford to buy and leave rented accomodation, will be vastly improved shortly.
STR in 2008
#11 ?
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Posted Yesterday, 10:15 AM
Ten years too late. Other forums too are showing signs that the views expressed here for years are entering the mainstream. I remember when people said I was mad to point out there was a problem. Now they choose not to remember I mentioned it, and talk about it as though they didn't hold the opposite view only a year or two ago. One says to me, 'well with hindsight ... blah blah buy to let problems blah blah'. The problems experienced now are those I pointed out as risks before they 'invested'. Selective memories! Can't help some people.Now I just don't say anything.
Bit late now to wake up isn't it?
#12 ?
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Posted Yesterday, 10:25 AM
?Toto deVeer, on 05 February 2013 - 10:11 AM, said:
Much of this problem is not intergenerational. It has to do with the creeping financialization of each sector of the economy. The BBC article is a bit misleading on this. I don't like this intergenerational argument - it is a diversion from the real cause.
Not blaming him or his generation, just making a statement of fact really.
He was able to pull himself up by his bootstraps (my dad was born an orphan and could barely read or write) because there was always work he could do. At 35 he joined the police force in the 80s because all the factories he had worked in as a younger man went pop. He was able to buy his first house on what would be a minimum wage job's salary today and keep both me, my mum, and my sister on it. Not saying it was easy, but we survived! :-)
#13 ?
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Posted Yesterday, 10:30 AM
Toto deVeer, on 05 February 2013 - 09:59 AM, said:
Is it really worse than 1910 or 1930? Or many other periods in history?
Relative to the other generations, I would say it probably is worse than any other period in history.
This time much of the pain - so far - has been focused like a laser beam on the people under 25.
People talk about pulling the ladder up. This time they took the ladder up, chopped it into pieces, burned it and then ate what was left.
#14 ?
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Posted Yesterday, 10:33 AM
It's why my son is sodding off to Australia for a year, spending 3 months in farming so that he can have another year, and by then he might have found a way to stay.He's bright enough to realise that there's no hope here.
#15 ?
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Posted Yesterday, 10:34 AM
eight, on 05 February 2013 - 10:02 AM, said:
I was earning ?140/week as a 16 year old apprentice, straight out of school, in 1990.
You were doing well, I started as a product design office apprentice in 1989 and I was on ?65 a week and was the highest paid apprentice at the first year engineering school, I didn't crack the ton a week until I was in the third year of the apprenticeship.
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