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Do you think GenX has had an easy time of it compared to Millennials?

53 replies

utterflapdoodle · 07/05/2020 12:05

It seems to be the general perception and it's certainly true in my case but maybe not everyone shares that opinion. I'm interested to hear other people's experiences.

I'm a GenXer myself, born 1967 into a working class family. My university education was free. I graduated with no debt and easily walked into a good job, in fact I had my choice of employers.

I bought a house when I was twenty six. I had an average wage and despite the house being in the south of England the mortgage was a very affordable 2.5 times my salary. I sold it at a good profit ten years later.

I now own a valuable property and have a secure job with a generous final salary pension. Frankly it's all been a bit of a doddle. I feel like it was almost handed to me on a plate.

I have no DC but if I did they would be Millennials and my lovely niece is a member of the upcoming GenZ. I can't help feeling life is going to be so much harder for her.

OP posts:
woodlandwalker · 07/05/2020 19:05

I'm a Baby Boomer so am always hearing that we had it so much better than young people now. I feel the older Generation X had it much easier than us. We had little as children in the post war period, there was no equality for women and very few people were able to go into higher education. When we wanted to buy a house in the 70s, we had the 3 day week, huge inflation and mortgage interest rates around 15%.
Those born late 60s/early 70s had more opportunity to go to university and comparatively lower house prices and interest rates with more equality for women, gays etc.

ProfessorRadcliffeEmerson · 10/05/2020 21:18

I came from a working class family, lived on a council estate, we lived on benefits for a while as my DM was a lone parent. I went to an expensive school on an assisted place and then to Cambridge, graduating with virtually no debt. My firm paid for my professional training. The ladders I climbed out of poverty have mostly disappeared, I do think young people now have it much harder.

Ilets · 10/05/2020 21:22

We had boomer parents so many of us were raised by total narcissists.
I think we're a pretty nice, middle child type, generation - trying to keep parents happy (or cutting them off for our own sanity) and likely passing our inheritances straight on to our kids
Yes, I do think the younger ones have had it worse, and our own children will have an even harder time of things

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