"choolgovernor, you can't get a job at 17 now, at least, not a paid one. You have to get into debt to the ponzi scheme that is now "education". Also you can't buy a house without at least 20% deposit, which is over 32k on average.
Looking up what a 17 year old might be earning in this day and age I found:
"The minimum wage for a 17 year old is £3.57. You will generally be lucky to get much more then that because at 17 you will not have the qualifications or experience for most of the better paid jobs."
That's about £7.7k per year. So on saving a third, even "religiously", this would mean about 13 years. Of course by then the houses will be even more expensive.
the 17 year old will be 30 and starting to worry about all those hysterical (pun intended) Daily Mail articles about declining fertility after 30...
When will old farts realise they are not better than young people, just lucked out when Thatcher sold off the council houses for peanuts?
(disclaimer: I am an old fart and regularly tut at genuinely sloppy or lazy behaviour by people of all ages and reserve the right to do so) "
Problem with those calculations is that they might start off on minimum wage for a 17 year old, but it will increase. Even agency cleaners can earn double that. Given the number of parents on here who think it's unreasonable to charge a realistic rate to youngsters living at home then I'm sure some have even more opportunity to save than we old farts did. However, look around at lifestyles, the majority patently don't save at anything like the rate they could.
To buy a council house for peanuts you had to first be living in it. Personally, I wasn't...
Anyway, any young couple contemplating spending £10k or more on a wedding (as most of my friends' children seem to) obviously have no worries about raising deposits do they? If they did they wouldn't be so stupid to piss that sort of sum up the wall on a big dress and wedding favours surely... 