indeedido
Well-known member
Again we overlap a lot, but my lads are not unusual amongst my friends and peer group of Boomers.I agree with most of what you are saying here.
You must be very proud of your kids but it is just one example, the general trend is that most of their cohort will not achieve what they have.
When you look at things on a national level, generalisation is inevitable and needed; individual case studies, do little counter the fact that statistically this generation are much poorer in real terms. We have all seen periods of decline and financial depression but the projection for that cohort is long-term struggles, low spending power, expensive entry to home ownership and little job security.
Nobody is arguing that pensioners should not be looked after, I think what most are asking for is some balance and fairness.
All people not of inherited wealth, but especially, 18-30 year olds, pensioners, infrastructure workers, essential public servants like the NHS, unemployed and low earners deserve a better deal.
What I do know is that I think some of Boomers' children have been much more indulged than we were as children, or any other gen before. They have much much higher expectation.
I totally get that house prices, interest rates, cost of living pressures, wage suppression beneath the Board room, AI and automation are all concocting an unpalatable cocktail for too many young people.
My lads will be OK and I don't mind them experiencing some pressure.
My worry is for the youngsters who don't have the parental support or future inheritance.