As it's revealed today's young will be 25 per cent worse off than their parents, JEREMY PAXMAN (pictured at Cambridge) says he is ashamed of the Baby-Boomers' legacy.
www.dailymail.co.uk
This thread, baby boomers complaining about the younger generation.
Baby boomers, the only generation to ever leave their kids with a poorer standard of living than themselves, since the Napoleonic Wars.
Whilst there is a lot of truth in that, I think
Don't suppose you thought that out very well mate, it was the "Baby Boomers parents" who eventually defeated Fascism to give the younger generation the freedom they have today, yes I am a Baby Boomer, and never had it as easy as youngsters today.
Every individual boomer has this 'four Yorkshire men' reminiscence of their childhood.
The stats prove, as a group, history will remember them as the guilded generation. Those that have taken the most and returned the least, pulled the ladder up after them and blamed everyone else for it.
Boomers earned more in work, inflation corrected, than any other age group in history.
They bought the cheapest houses and although there were short term interest rate pressures their debts were ultimately inflated away as wages kept pace with high inflation. By no means easy at times but if you stayed the distance the returns were astronomical.
These tables show the distribution of median and mean income and tax by age range and sex.
www.gov.uk
Boomers are earning more in retirement than those in aged 20-29, and the trend is widening, soon they'll be earning more in retirement than those in their 30s. This is primarily down to real wages falling in value since the early 1990s where private pensions have been contractually protected against inflationary pressures.
Big business has been driving down the cost of labour for decades by reducing wages, pensions and benefits. Who are the biggest shareholders?,,,,, yup pension funds.
All the while those aged 20-40 are trying to start families and buy houses.
People are buying houses later.
People are getting married later.
People are starting families later.
Legislation has been passed to force young people to start a pension to add more money into a dwindling pot, one which they will probably never see a return from.
The present is not rosey for today's young, the future looks bleak, retirement isn't going to happen for the vast majority.
Hey but if you want to complain about the mobile phones and trainer they buy, don't. Who do you think Apples biggest shareholders will be? Who do you think Addidas' biggest shareholder will be?
Quite what Boomers parents did or didn't do in the war, other than to make all the sacrifices, is of no baring in regards to the life of Riley they themselves have lived.
It's an emotive one but being in denial about the blessings Boomers have had solves nothing