so the young generation isnt going to rescue the old farts? imagine that.
the same gimme some free shit, cant afford college cause it aint free, cant get off the cell phone, whipper snappers who at the age of 22 think they know more than everybody else?
i think ill rely on myself and take my chances.....
I hear this a lot about my generation and it really pisses me off... Let me point out a few things to you.
First off long gone are the days where a blue-collar man can have a mortgage and a family all supportied by being the sole bread winner, that just isn't possible anymore. If a millennial goes to college these days tuition rates are at their least affordable levels ever, and it doesn't really improve the chances of getting a higher paid job than if they didn't bother. A typical 25-34 year old with a high school diploma earns
$5,000 less than in 1980 after adjusting for inflation. Young men earn $7,000 less annually than their dad earned in 1980. This is driven primarily by a huge loss of manufacturing jobs available without needing a degree. I used data from the US but it's the same problem in the UK and elsewhere.
The previous generations had an abundance of well funded public universities and government grants to allow almost anyone who wanted to go to university get that chance. Funding for universities is at a 25 year low, meaning anyone who wants to try and get a degree has to foot the bill. That isn't 'gimme free shit, can't afford college cause it aint free', that's wanting the same opportunities
YOU had in previous generations.
Compared to the 80s and 90s where interest rates were up to 12% in some cases, it was easy and made sense to put money aside for later and have that nest egg build up at a reasonable rate for retirement or whatever. My generation has been stuck with interest rates below 2% and even 1% for so long now, any spare money I have is virtually pointless in a saving account it simply wont build up any extra money.
Home ownership is practically impossible for my generation, I got incredibly lucky. Gone are the days when banks would offer mortgages with 0% down payments... Ironically part of the very reason the whole financial crisis happened which
YOUR generation caused. In fact because of the comfortable position a huge portion of the previous generations find themselves in - they invest their money buying up a nice big wedge of the low or mid prices housing which younger generations would be at least aiming to buy, and then start renting it out to the same younger families or selling them on at inflated prices. Housing stock has shrunk massively, which means rents are sky rocketing and further cutting any saving potential for renters who are mostly the younger people who can't afford to buy.
Being lazy doesn't even come into it. On average the number of hours worked per week has steadily increased, and the amount of annual leave taken (not available) has decreased for fear of appearing unmotivated and losing their job.
Previous generations have out performed their parents in salary generation after generation, that's stopped at my generation and we get told we're lazy. You guys could get a job and have that same job for a whole career and that was enough to buy everything you ever needed. I did an advanced apprenticeship in steel fabrication/welding and within 3 years of completing it went through 2 rounds of redundancies where the work force was cut by a LOT. In 9 years annual bonuses were stopped completely, the working hours increased by 2, the way annual holiday was calculated changed to reduce the overall amount, and wages rose so pitifully it didn't meet cost of living rises at all so I was earning less than when I just finished my apprenticeship.
The last 30 years has seen government debt absolutely smash through any reasonable ceiling, and now the government which is basically run by the same generations who grew up with everything they needed has decided to tear it all way. Not only pull away all those safety nets
THEY enjoyed, but slap the younger generations with the f**king bill they ran up. The baby boomer generation grew up in the strongest economical periods in recent times, where even throughout boom/bust the standards of living and economic growth was far far greater than what we've experienced.
Sorry to shatter your illusion that all us millennials just want free shit. Actually we just want the same opportunities you old farts enjoyed, totally squandered and then decided to take away to pay for your free shit you had access to. Literally climbed the ladder of opportunity, then pulled it up behind you and wonder why the next generations can't reach the same lofty heights you did.