… to think that no one wants to speak up for the younger generation?

[SnowBells]

I don't know what it is. Maybe political correctness gone mad.

Pensioners who are already wealthy get winter fuel allowance, etc. Each time this kind of stuff gets mentioned on things like Question Time or something, people shout and whistle, showing complete disregard for the subject, and no real debate can happen.

I am not talking about the pensioners who aren't well off. But a huge proportion of pensioners did profit from the higher house prices - something not likely to happen for the younger generation.

Our kids have to pay to go to uni. My generation will retire much, much later. We also have to pay for inflated house prices.

And yet, there will be people who say 'but we've paid our taxes'. Well, we pay taxes and our kids will, too, but we are likely to get A LOT less back. I just feel there's a huge generational wealth divide. And I wonder why no one wants to discuss this properly? Why do people want to stop a debate before it has even had a chance to happen?

Everyone will die. Your legacy is the next generation. So why not speak up for what essentially will be your only legacy?

[MoreBeta]

I agree it should not be linked to house prices but the banks are as obsessed with property as everyone else. Its why the Govt and Bank of England are terrified of house prices falling - every loan in the banks' loan books is secured against property.

The whole idea of getting small business lending going with special funding is NOT about lending to small businesses at all its just another way of funnelling cash to the banks so they can fund their existing loan books - all backed by property.

The boomers caused this financial crisis. Lets just be clear on that. No one else.

[merrymouse]

Nope, I'm still having trouble pinning the financial crisis on my mother in law, a retired lab assistant from cardiff who went to greenham common. She did bank at the co-op though. Clearly her influence was wide reaching.

[YouAreMyFavouriteWasteOfTime]

we all kicked the can down the road on this topic.

if voters cared enough about sorting this out years ago, politicians would have cared.

[YouAreMyFavouriteWasteOfTime]

oh and if we has not had the global financial crisis (caused by misunderstood risk in complex financial products) we would not have has reduced tax take, austerity and pension funding concerns.