Under 45? Oh dear!

[PurpleGorilla]

However I have tried this before guys, and you can never beat victim paranoia. If you are anything like what he calls "boomers" (as if we are all the same and all boomed), then it works like this:
If you are well off, you were just handed it all on a plate (stolen from future generations).
If you are not well off it must be your fault since you were just handed it all on a plate (stolen from future generations).

If you are like him:
You are poor compared to the famously rich boomers, because they stole it all from you. Never because you haven't just got on with what you've got.

There are of course exceptions, but that's the thrust of the argument. [emoji7]

[PurpleGorilla]

Under 45? Oh dear!

Let me put it in a more favourable way. We are victims of your success. Three advancements in the 20th century have fundamentally changed socio economic circumstances;

Penicillin and the NHS
Transducers and micro processors
Working women

These have improved fitness, performance, and productivity. The down side is raised living standards and two wage families have hugely raised the level of competition for goods and services and housing.

Now in the past, housing was built by all governments, but it has fallen off a cliff. This helps inflate prices by curbing supply. Combined with a shift in where and how money is spent/re distributed; it is rather bleak for the next generation. Combine that with huge Uni fees, uncertain jobs market, sky high deposits, two wage slave economics, and a retired early golf clubbing, Costa del soling, tea cake munching, boomer elite; you can understand some of the resentment felt.

[BlasterBates]

Baby boomers with 80pc of UK wealth shouldn’t feel guilty about younger generations' problems – Telegraph Blogs

But the CII claims that ‘generation rent’ are partly to blame for their own misfortune because many fail to follow their elders’ example by starting to save early. They have come to expect regular foreign holidays, among other treats once regarded as luxuries, often funded by credit cards taken out earlier than their parents did.

A third of the people surveyed who are now in their thirties spent more than half their net income on leisure and entertainment when they were in their twenties, compared to a fifth of those who are now in their fifties and sixties. Most of the younger generation now expect to holiday abroad an average of 2.5 times a year, whereas a quarter of baby boomers never travelled overseas in their twenties.

[DimPrawn]

My nephew is 21 and he has a low paid job and lives at home with his mum. He has a newish car on a car loan, all the iCrap stuff, playstations etc. Goes out drinking and holidays when he wants.

Funnily enough he doesn't have feck all saved, nothing for a deposit on a house. He is another "victim".

[PurpleGorilla]

My nephew is 21 and he has a low paid job and lives at home with his mum. He has a newish car on a car loan, all the iCrap stuff, playstations etc. Goes out drinking and holidays when he wants.

Funnily enough he doesn't have feck all saved, nothing for a deposit on a house. He is another "victim".

Thanks for the anecdote.

[PurpleGorilla]

Baby boomers with 80pc of UK wealth shouldnâ€[emoji769]t feel guilty about younger generations' problems – Telegraph Blogs

Regurgitated Tory arse.

[expat]

Let me put it in a more favourable way. We are victims of your success. Three advancements in the 20th century have fundamentally changed socio economic circumstances;

Penicillin and the NHS
Transducers and micro processors
Working women

These have improved fitness, performance, and productivity. The down side is raised living standards and two wage families have hugely raised the level of competition for goods and services and housing.

Now in the past, housing was built by all governments, but it has fallen off a cliff. This helps inflate prices by curbing supply. Combined with a shift in where and how money is spent/re distributed; it is rather bleak for the next generation. Combine that with huge Uni fees, uncertain jobs market, sky high deposits, two wage slave economics, and a retired early golf clubbing, Costa del soling, tea cake munching, boomer elite; you can understand some of the resentment felt.

pardon my obtuseness, but wouldn't it be worse if the boomers stayed in work and blocked the progress of gens X Y Z?

Anyway you left out the elephant in the room: globalisation.
My grandfather only had to compete with the county when he was looking for a job. My dad had to compete with half the country. I had to compete with Western Europe. All these competitors were on the same playing field with the same rules.
You have to compete with the world.

It is not the boomers who have shafted you, it is the world that has changed.

[MrMarkyMark]

It is not the boomers who have shafted you, it is the world that has changed.

As I said earlier, IMO, he is focusing on the wrong thing.
He needs to broaden his outlook and think bigger.

The world is not all about the UK, its crap, money laundering based, economy and preposterous house prices.

[BlasterBates]

Regurgitated Tory arse.

We've been through the statistics. houses are as affordable as they were in the 1980's.

If you blow it all on foreign holidays and playstations what do you expect.

You want that house in Warminster you need to get your "arse" in gear, start putting in a bit of overtime.

[DimPrawn]

pardon my obtuseness, but wouldn't it be worse if the boomers stayed in work and blocked the progress of gens X Y Z?

Anyway you left out the elephant in the room: globalisation.
My grandfather only had to compete with the county when he was looking for a job. My dad had to compete with half the country. I had to compete with Western Europe. All these competitors were on the same playing field with the same rules.
You have to compete with the world.

It is not the boomers who have shafted you, it is the world that has changed.

^This++

Globalisation, free movement of workers and companies in the EU. The rise of India and China. The Internet. Immigration and migrant workers. Distance working and offshoring. Giant tax dodging corporations.

Now you can say "boomers did this", but the point is, this is how the world has changed. By all means fight it and vote against it if you can, but adapt and improve to compete.

We live on a tiny island with the most densely populated land in the EU. Immigration means 10,000,000 arrivals in the next decade. You ain't ever going to buy a 5 bed house on a big plot, with a nice big garden earning the average wage. Never, not ever. Not a chance.

Get over it, move on, move up, MTFU.

HTH BIDI