to feel let down by those running/who ran this country?

[safetalk]

OK
I'm going to change some of the details because this is personal so don't pick up if I say he one time then she this is true!

SO far
I have lost my job
dh has lost his job
dsil has lost her job
my best friends husband has lost his job
one of my Mummy friends husbands has lost his
another Mummy friend can't get a new job

we are NHS/small private company/city

out of friends/family lawyers big firm accountants and some architects seem to be doing well/OK I also have a rel. in NHS management and he is fine.

Why I feel let down is that we are supposed to be in our prime earning years and I feel that we will never catch up.

these are the years we should be sending our dcs to private school, padding out our pensions and paying off our mortages and we are all out of work

I hear about CB and uni fees and I think oh no that's going to hammer us, then I think oh well it doesn't matter I'll be on HB etc etc in a little while but it will hammer us eventually we will get jobs might take a few years might not be what we want to do and then we will get screwed, as I pointed out to dh today we have gone from the expectation of a comfortable retirement to one which prob wont be.
We all work hard, none of this was our fault (with the exception of the city boys/girls who will prob get jobs the soonest) yet a number of us face loosing our career which we have worked really really hard for some have built up huge debts studying we have sacrificed time with our children, time doing what we want to study/take postgrad degrees etc etc.
4 people on that list don't own a house/flat unless something changes they prob never will 1 person can't cover their mortgage on the 1 salary they have coming in never mind everything else.

Our parents would never have guessed we would end up like this
what will we say to our children when they tell us they want to be x or y or z?

personally I've had lots of other stuff going on this year (health etc I don't want to go into it all) so I know very well compared to some things that could have happened (or did) loosing your job is kind of OK but we have lost our career our hopes and our expectations sometimes I feel like we've damaged out children's futures too. We've lost our life insurance and our pension too we may even have lost the chance to get a house I panic about the future when I think about it all.
So I've come here (under another name) to see whether you think I'm being unreasonable

Thankyou Chil you're right however it was the severe illness and long term hospitalisation of my new dc together with the awful treatment we received in hospital that really made me realise that. The job thing came completely out of the dark and TBH I'm only just coming to terms with it.
This year has taught me so much I'm just reeling from it all hence some of my comments about loss of career etc.etc. But then I get sad about what I lost in persuing my career up to now only to have it disappear hence this post I suppose I'm trying to make sense of it.

Please this is not a private school thread had I posted AIBU I want to send my dcs to private school and can't afford to I would have deserved a yes I was using it as an example of a middle wage aspiration. After all we don't all have the choice of David Cameron's primary school /the Oratory do we?!

Be careful what you wish for brassband

Clearly you have never been taught the history of Weimar republic and origins of fascism

There are two simple answers to original post:

• baby boomers empting the honey pot and borrowing from their children and grand children

• the former compounded by economic terrorism of new labour

Unfortunately there is only one way out for a country without natural resources and world reserve currency or superpower status:

cuts
cuts
cuts

I think we are all sold the myth of 'work hard and you will do well' and I'm not convinced its true.

I have just finished 10 years of uni, have countless debts, have had to put my DC's in childcare full time...all to get a good job. However I am now being made redundant and appear to be in a worse situation financially than a lot of people who never worked (through choice).

Doesn't seem fair does it, but I guess life isn't.

I also fully realise that there are more important things such as health, family etc but I want to have an almighty toddler style tantrum!

Ha, am guessing some of you are a little older than me...I certainly haven't 'benefitted' from rising house prices!

No I agree - we are in the 'lucky' age band which got to have huge student loans and tuition fees plus nice big house prices with the extra bonus of now negative equity

brassband said:

'I think that like the rest of us, the government thought the bubble would never burst. And who could say hand on heart that they knew it was coming'

I disagree.the crisis was caused primarily by American banks lending mortgages to people on benefits. Any man in the street could see that the wheels would soon fall off, you don't need a masters in economics to see that.

_

I agree. Quite a lot of people foresaw it, and reported to governments the world over, time and time again, and governments in many cases ignored the warnings. And even if there had been no 'warnings' from outside of government, the government itself employs a fair few economists, some of whom must have seen this coming. You only need a fairly rudimentary grasp of economics to have realised it was going to happen eventually.

D

Vince saw it!!

It was hardly rocket-science to figure out that ever-rising houseprices were unsustainable in the long term. I'm not any sort of economist and even I could see that.