To think it’s crazy that National Minimum wage is £27k

I'm really struggling to believe this. I can't recall seeing people in their later years on the streets. Boomers are 60-80 now. That is not the age group that are on the streets. There are lots of officially homeless families though (in temporary accommodation) and lots of people in their 20s-40s approx on the streets.
It may be different in the US but not in the UK.

Most of them are under 35 where I live. Almost like anecdotes are meaningless isnt it?

Most of them are boomers and Gen X where I live.

Are none of the homeless people you see malnourished and wearing rags millenials then?

If that is true, it doesn't actually prove anything. It's just an anecdote.
On a population level, Millennials are far less financially advantaged that their parents.

Can I ask how you are attempting to compare your wealth with your children's at a comparable age? Are you comparing the percentile you think you were in vs the percentile you think they are in on a population level? Are you comparing incomes, not wealth? Have they acquired this 'wealth' via their incomes alone or have they already benefitted from parental/other family gifts/inheritance?
It's really unclear when people make these sort of statements.

They'll say what I've said. You also have limited experience.

Ok, you’ve convinced me…all of the research, the lived experience, that various financial think tanks…but your anecdotal references about your children and their friends (don’t forget we tend to socialise with people who are in similar financial places) and neighbours (who also have to have money to live amongst people with money) they’re the game changer.

You have completely convinced yourself, just because your limited lived experience tells you one thing doesn’t make it true for everyone. It’s actually a little sad to me to be honest, having such a narrow world view and being unable to comprehend that things might be difficult for others.

Anyway, you have a nice day…I really do have a lot of work to do. But actually do ask your kids about the GENERAL millennial population, unless they are completely lost in their bubble they will likely confirm what the statistics tell us.

All of them, their friends, our friends children, our nephews and niece, neighbours children.

Yes, THEY will, but I’m not asking about them. I’m asking about millennials. Not about a couple of individuals 🤦‍♀️

Not if you have a high council tax and energy costs. No holidays just surviving

They will say they will was we've discussed it. They both will have good occupational pensions and will have paid off their mortgages before they retire.

That is the absolute opposite of what I want.

I want retirement to be equal and fair and for millennials to have enough money to get by on in their retirement.

It’s not us against them, you seem to have taken my comments (which are factual) and taken it as a slight on all pensioners. Just because you have some examples of where a millennial family has good salaries (and as expected the people around them also would) that doesn’t mean the trend isn’t true…Arsenal won the league last year, but they lost a handful of games in the process, does that mean that those teams are better than them 🤷‍♀️

You’ve made this personal, telling me earlier that you don’t like me proves this…but it isn’t personal. It is facts which I have proven with evidence and that you refuse to accept just because you know a few outliers, well obviously. Just like people living in council estates will also know some, their parents are much more likely to be in rentals and scraping by, but it doesn’t change the overall trend though.

But keep belabouring your point…people don’t agree, but you do you I guess. I would also consider asking your children ‘are current pensioners facing a more comfortable retirement than millennials can expect when they retire’ - I know what they will say, despite them having plenty of money themselves.

No not private school. We were both wc. Your problem is that you want all millenniums to be poorer than their parents and mine and all their friends are on
great salaries and own their homes.

So then that’s 6 years…because you reduced your salary 3 years before retirement, and you’ve been retired for 3 at the end of the year, that’s 6 years earlier than you reduced your wage.

🤷‍♀️ If you want to twist numbers to suit your narrative then go for it, but don’t expect people not to notice.

And honestly, it really doesn’t matter what your children have, you were wealthy enough to go part time and retire early, they won the birth lottery by being born into a family that could afford to do this. They possibly benefitted in other ways…private school perhaps. Either way we don’t need to talk about your children, they’re not representative of an entire population, we can’t focus on just a small handful of people when we talk about general trends in the economy. You understand that right? That the smaller the sample the more likely you are to have results that don’t meet the trend.

I really don’t understand why you are so adamant that pensioners are not wealthier now than pensioners will be in 10 years, and even wealthier still than those retiring in 30 years. I mean the funniest thing about it is the fact that you evidence the wealth in your own situation with your early retirement and dropping to part time…this generation will not be able to do that in general.

Take these pensioner homeownership statistics for example:

Key Housing and Pension Trends
Rising Renters: According to research by the Association of British Insurers (ABI) and the Pensions Policy Institute (PPI), the proportion of pensioner households owning their homes is projected to drop from 79% to 64% by 2044, while private and social renting among pensioners will rise sharply. 1]
Longer Mortgages: Average mortgage terms for first-time buyers have climbed from 25 years in 2005 to 31 years in 2025, meaning many people will continue paying off mortgages well into their 60s. 1]
The Renting Deficit: Private renting a two-bedroom home can cost between £200,000 and £400,000 over a retirement—an amount that easily swallows the average defined contribution pension pot (roughly £154,000 for men and £105,000 for women). 1]
Retirement Delay: A survey by PensionBee revealed that 51% of UK adults would delay retirement to ensure they own their home outright. 1]

And yes I did go part time. Went back full time when they were 10 and 6. Worked full time until three years before my retirement when I went down a day.

No I didn’t. I’ll be retired for three at the end of the year. That is their salaries from last year!

You also said it was 3 years before you retired, you also said you went part time, but ok 👌

I’m comparing our salaries of two years ago to theirs today. What kind of inflation do you think happened in two years?

You are the only one using the term loads…

It's enough, it's not loads. You still have council tax, bills, food, house repairs, clothes, transport, taxis if you are not very mobile and some fun money from that.

It is if you don't have a mortgage to pay, or you get further benefits that cover your rent.

£1000 a month is not loads to live on.

No he doesn't. And it's plenty to live on if your house is paid for (further benefits are available for low income pensioners who are renting).

I may have to if I can't find regular work soon. Currently dipping between zero hour contracts whenever I can get hours.

Mortgage is £575pcm.
No car, which is often people's second biggest expense.
Energy £100
Water £45
Cat insurance, vaccinations, medication etc. £50
Mobile £25
Internet £15
House/bicycle insurance £45
Council tax £140

So I could actually go down to around £15,000 gross and avoid starvation, but that would be a rather dull life, and with the risk of being unable to afford a serious emergency (roof repairs are the most likely scenario for me, I think).

Because you are now pretending not to understand inflation, disposable income, and you keep comparing your money then with their money now…the thing I am saying is the problem is pensioners now, have more disposable income than millennials now. AND that millennials will retire with average incomes (adjusted) that are significantly lower than pensioners now.

I mean you do remember how many current pensioners used to be single income families with SAHMs right? In comparison to now that number is huge, because it’s so difficult for millennials to afford to live in single income households.

Pretending to be ignorant to the truth isn’t going to prevent it being the truth. I’ve given you the information, you can google it, but I don’t care to be honest if you decide to opt for wilful ignorance