howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Something needs to be done to give young people a better start to life.
http://www.bbc.co.uk/news/business-44029808Captain Haddock
- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,056
With stats out today, worth remembering: the idea that young people are paid less than their parents is a myth. They’re wealthier, healthier,more likely to have a degree, better prospects generally. House prices are higher. But overall there’s never been a better time to be young.
"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
Dr. Hunter S Thompson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
The young are staying in the family home a lot longer than my generation, those that do rent a place are unable to save up a deposit to buy a flat. The £.10, 000 is a great incentive for a 25 year old to add to that and eventually own their own home.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,871
Speaking from personal experience, the young of today want their evenings and meals out, holidays, cars, fancy TVs etc in other words fun time so have no money left to save in the same way that we did at their age.
When my husband and I got married our combined wages were about £15 a week even with rent etc we still managed to save for a 3 bed house in Beckenham. I wish we had received a handout but definitely not at the expense of others.
I think the proposal is daft apart from the funding argument I thought we were cutting down on benefits and handouts which this is, however it is presented to the public.
Howard, my London based grandaughter is a teacher paying high rent who manages to save, if she can so can others if they really want to.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Captain Haddock- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,056
Pablo likes this
"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
Dr. Hunter S Thompson
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,705
All the evidence suggests that todays young earn more than Baby Boomers at the same age and only marginally less than Gen X, though the gap is so narrow as to be meaningless.
Yes property prices are frankly silly, but as Jan has pointed out it is absolutely possible to rent and save if one is prepared to forego some of the "me too" & "must have" extras that seem to be the staple of young people today.
The solution is not to burden pensioners and existing home owners with more tax, but to find ways to deflate property prices over time ideally through regulation of land banking and prevention of reselling land with planning permission; the latter is achieved by making the planning permission lapse on sale and forcing re-application.
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"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Pablo- Registered: 21 Mar 2018
- Posts: 614
Better also to give councils CPO powers to be executed if planning consent expires on new building sites.
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