Why Millennials Are Leaving Six-Figure Tech Jobs

[SueEllen]

Plenty of people wide of the mark talking about the cost of the mortgages for kids. It's not the mortgages that are a problem for them because they can afford rent; it's saving the 10-15% deposit up that's killing them.

Which is why lots of adults in their 20s and early 30s are living with their parents (or any other relations who will put them up).

[LondonManc]

Which is why lots of adults in their 20s and early 30s are living with their parents (or any other relations who will put them up).

I know, we've got one.

[vetran]

Which is why lots of adults in their 20s and early 30s are living with their parents (or any other relations who will put them up).

We had no problem with the deposit but 10% of £60k is what SAS spends on fine wine or 3-4 months wages at the time. 10% of £200k is a years wage.

[_V_]

We had no problem with the deposit but 10% of £60k is what SAS spends on fine wine or 3-4 months wages at the time. 10% of £200k is a years wage.

But the youth of today expect the parents to pay the house deposit. I mean they get the parents to stump up 20 or £30K as a gift. If they don't they basically hate the parents and hope they die asap.

[agentzero]

I do find it funny that that generation is always complaining that they can't afford a house, the 'boomers' have it all etc etc .... how do they think we got there? We worked stupid hours, in crap jobs, for crap companies, whilst living in rented shared housing during the early years of our careers to get where we are now. Problem seems to be that the current generation want it all now, and don't seem to think they have to work for it.

I've lived in some pretty sh*tty places and worked feck loads of hours. Maybe some of these kids need to moan less, and work more

One thing that is definitely missed is that this sort of overwork means people of your generation and older have a raft of illnesses that are directly caused by these pathological lifestyles you have mentioned. Heart attacks, strokes and bodily damage, a form of delayed burn out. Perhaps people are more sensible now and recognise the stupidity of working so hard, throwing yourself at endless work and very high stress only to die or be handicapped from age 50 onwards - unable to live a life to the full because of such handicap caused by overwork of the past.

We can cite the same scenario from miners, fabric workers and whomever else we wish from 100 years ago, but they died young and there should be zero respect for people who throw themself into damaging work that will shorten their life or severely reduce the quality of life for the sake a job, a job that does not define you. You define you.

[SueEllen]

But the youth of today expect the parents to pay the house deposit. I mean they get the parents to stump up 20 or £30K as a gift. If they don't they basically hate the parents and hope they die asap.

Only the vocal ones you hear whining on the internet.

If you personally know any they are grateful that they weren't stuck in a houseshare during the pandemic, and were either already at home or could move home.

[NotAllThere]

But the youth of today expect the parents to pay the house deposit. I mean they get the parents to stump up 20 or £30K as a gift. If they don't they basically hate the parents and hope they die asap.

I was happy to give a sum toward the deposit. But that was to shift the mortgage into a lower interest rate overall, and we had the cash free. Interestingly, my daughters had to sign a document allowing part of their inheritance to be given away to their brother for this to happen. Swiss law can be a bit weird.

[LondonManc]

Only the vocal ones you hear whining on the internet.

If you personally know any they are grateful that they weren't stuck in a houseshare during the pandemic, and were either already at home or could move home.

They're the same ones expecting to move straight into a semi-detached in a leafy suburb.

[ladymuck]

I was happy to give a sum toward the deposit. But that was to shift the mortgage into a lower interest rate overall, and we had the cash free. Interestingly, my daughters had to sign a document allowing part of their inheritance to be given away to their brother for this to happen. Swiss law can be a bit weird.

But what if that was never going to be part of their inheritance? You might have divvied up your estate in an entirely different way.

[SueEllen]

But what if that was never going to be part of their inheritance? You might have divvied up your estate in an entirely different way.

It's Swiss law not English law.

I don't know about Switzerland but I am aware some countries force you to give your estate equally to all your children and you can't write them out of your will.