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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to ask if you're pissed off with the Baby Boomers?

825 replies

DamFineBeaver · 08/02/2015 17:33

Because people who are currently young-ish adults (MN's main demographic?), and younger, will be paying for the lavish lifestyle they've enjoyed?
The money borrowed for their nice big pensions will be paid back by us and our children.

Does this mean they shouldn't spend so much time in Tenerife?

OP posts:
merrymouse · 11/02/2015 11:34

Yes - but police pensions are different because of the nature of the job.

TheChandler · 11/02/2015 11:36

Around where I live, if you have a day off work and go to the local supermarket, or garden centre, they are full to the brim with people who look as if they are baby boomer age. Its almost as if they must have all taken early retirement. The car parks are literally full - its much easier to get parked if you go outwith normal working hours. The roads are much quieter at rush hour too than if between 10am and 3pm.

Now I'm not for one moment saying that everyone has a 9 - 5 job, but just how can so many people afford not to work? None of my neighbours work - its a semi rural area with detached houses worth quite a bit. One neighbour used to be a builder and made a fortune on dubious local government contracts and retired in his early fifties. Another couple sold parts of their gardens to developers. Others mysteriously just don't seem to need the income from working. We were only able to afford to buy a tiny house in this area on two salaries and extend it.

PIL have likewise sat on their backsides, enjoying a valuable house, holiday homes and foreign holidays since early retirement.

I'm guessing if the baby boomer generation had been encouraged to be a little more entrepreneurial, they might have helped create businesses which younger people could have worked in, and set a good example of long-term wealth creation that benefits the country as whole, not just themselves. Instead (with many exceptions) they seem to have had an attitude to grab as much as they could for themselves, and many still have that attitude in retirement. I see that attitude as being behind a lot of the problems of corporate governance we are seeing now (that idiot former Chief Executive of the Co-op was a baby boomer - what on earth was he doing being allowed to head a company?). Likewise, Fred Goodwin.

Taz1212 · 11/02/2015 11:37

Oh yes, I know. I was just bored and wanted to work out the accrual rate to get 2/3rds after 30 years and how many schemes had that and it was easier to phone DH rather than try to Google. Grin Some private companies had a 1/45th accrual rate as well but DH was getting annoyed by that point so I didn't push it. Grin

sarahgracekay · 11/02/2015 11:37

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

TheChandler · 11/02/2015 11:41

Margaret I haven't said its normal, but very common. I'm still in the bottom 30% for household incomes in the UK. Hardly rich.

That's because you (a) have never been in gainful employment and (b) are retired (although from what its unclear.

For someone who has evident literacy, comprehension and numeracy difficulties, as well none of the gains from the socialisation effect of being employed, to even achieve that is more than you could expect. Its an indication that life was too easy for many baby boomers. You should morally have to work much harder to achieve your income on retirement (as indeed many of your peer group have to do), but for some baby boomers, it was all far too easy.

Nomama · 11/02/2015 11:44

OMG! Priceless! Grin

Here we are talking about the older generation not having a clue as to what is happening around them and in pops a Disney Question.. absolutely apropos of nothing! Brilliant timing!

expatinscotland · 11/02/2015 11:45

This thread is hilarious, mostly due to Margaret.

Nomama · 11/02/2015 11:47

Chandler, it feels as though you are looking for examples to be pissed off with now!

If you wander around here in daylight you will see loads of really old people, passing the time of day. Lots of young mums pushing prams, looking pissed off, hordes of young men looking a tad dangerous and bored, and a fair smattering of middle aged people, usually looking drunk!

If you drive 2 miles out of town you will see a different demographic, more affluent but much the same age groups - I assume that is down the benefits of being car owners.

Floisme · 11/02/2015 11:53

OK I didn't expect to be coming back to defend Margaret Grin However I don't like the way posters are having a pop at women of her age for not 'working.'

Maternity leave and pay was only introduced in the mid 70s and even then, a lot of women weren't eligible. Paid childcare didn't exist as it does today. Job sharing -are you having a laugh?

Times were completely different and it's grossly unfair to judge.

merrymouse · 11/02/2015 12:29

that idiot former Chief Executive of the Co-op was a baby boomer - what on earth was he doing being allowed to head a company?

To be fair, the people who held powerful positions 10 years ago were likely to be baby boomers, just as the people who are heads of organisations now tend to be aged aged 40-60.

The people most likely to be fucking up the world in 2050 were born between 1990 and 2010.

Baddz · 11/02/2015 13:45

I have no issue with Margaret being a sahm.
I am one myself.
I do take issue with her complete denial that she is in a fortunate financial position!

catsmother · 11/02/2015 13:48

I think most of us appreciate that times were very different for many women in the past Floisme ..... I saw the same thing in my family for example, Mum not working in paid employment until I was 10 (and then it was 10hrs a week term time as dinner lady) and finally going FT when I was 14 - due to the cost of childcare. Many other women in my family and amongst friends followed a similar pattern though I don't actually recall any who never again worked in a paid job after getting married or having kids.

Personally, I wouldn't have a pop at such women for 'not working' per se and happen to think that raising your kids is a valuable occupation. I really wish more women (and men, for that matter, it doesn't really matter who does most of the child raising) still had the choice now - if they wanted - to do the same because one full time salary would be enough to live on, even frugally. What does rile me though - and I suspect others feel the same which is why 'sneery' remarks might have crept in - is that many 'Margarets' persist in insisting that their relatively comfortable and secure financial positions in retirement are all down to their relentless 'hard work' when they were younger. I'd never dispute that raising children isn't hard work, but unless you have loads of children and/or several children with large gaps so the childrearing years are extended longer than usual, I think it's fair to say that many 'Margarets' would have had a reasonably 'easy' life once their children had left home - and of course, the sheer drudgery of doing all the time consuming practical stuff for your children does tend to tail off considerably before then. In other words, women who may not have worked (in paid employment - I keep saying that so as not to offend anyone raising children) since their 20s could, quite feasibly, have had close to 15 years (or more) without any childrearing ..... and whatever they chose to do with their time then, whether it was housework, hobbies, socialising or voluntary work, sorry, but that's not hard work! Not when you have a choice about it! (Disclaimer: voluntary work is often very valuable - I know that - and could well take a lot of effort but at the end of the day it's not compulsory in the same way that earning money is if you need to pay the bills).

Let's face it - anyone who enjoyed the relative luxury of not needing two salaries, and who's still relatively 'well off' in their retirement was/is very lucky (from a financial perspective ... because again, I do appreciate that some women would have liked to continue working). And I just think it rather disingenuous to attribute all that to 'hard work' if you didn't - for whatever reason - have paid employment for decades, and likely no childcare for a good time either. It's quite insulting to younger women who somehow have to run a home, look after their kids and bring money in as well to insist you 'worked hard' for what you have - when most of those younger women indisputably work harder and often have much less to show for it now (in assets, savings, time), let alone when they eventually retire. That's all .... why do women in Margaret's position find it so difficult to accept they were lucky and leave it at that ?

JillyR2015 · 11/02/2015 13:59

I don't think any woman who is a housewife is lucky in any sense at all but that is different issue. Also plenty of people are very unhappy once they don't work. My father's patients often had huge mental issues arising from retiring early or retiring at all. However much women and men might think they don't like work it can make a huge contribution to keeping you happy so let's look on the bright side.

I do not however like the Government giving pensioners 4% interest on savings of £10k (£20k if a couple) when younger people might be wanting to save and cannot find rates much above 1% which has been below the rate of inflation for a while.

There has not bee a Government since Atlee in about 1950 when interest rates have stayed at the same base rate throughout a whole Government until now - 0.5% 5 years with the coalition. I don't regret that stability though. We had far too many years before that with huge rises and falls. At least people can plan if they are offered 5 year mortgages at 2.6% or whatever my daughter was recently offered.

bloomingMargaret · 11/02/2015 14:22

What exactly is wrong with pensioners going to the garden centre at off peak times?

Gardening happens to be a big part of my life and with over 1/4 an acre I'm often in the garden centre. I plant a mixture to really incorage biodiversity and this generates money for the garden centre and the economy. Also my garden is great for wildlife, especially bees and did you know there is a big problem with bees passing away. Without them us humans would die in 4 years. So actually I'm doing a lot of good to the economy and the environment. For those still saying I don't have an income, how come I am taxed on it then? However I am hardly taxed on it as I am in the bottom end of average income for this country.

Get mental health problems from not working?! That's stupid surely people have hobbies and activities they like? I thought most hated work anyway. I would get mental health problems if I had to work.

Floisme · 11/02/2015 14:27

Catsmother I agree that we were lucky in some ways; in other ways not so. It's very difficult to compare the two.

However I think it has been established that Margaret's account of her retirement and pension is a little.... how can I put this... I think unreliable is the best word. I therefore don't intend wasting any more energy talking about her. I don't see the point. Apologies because I know I was the one who brought her up again!

merrymouse · 11/02/2015 14:29

"Gardening happens to be a big part of my life and with over 1/4 an acre I'm often in the garden centre."

Ha, ha, ha, ha, ha, GrinGrinGrin

Maybe there could be special tax relief for people who need to plant out large gardens?

GrinGrinGrinFlowersFlowersFlowersFlowersGrinFlowersFlowersFlowers

merrymouse · 11/02/2015 14:31

I would get mental health problems if I had to work.

Think you may have over egged things there, but good effort.

ilovesooty · 11/02/2015 14:39

Oh come on. Surely everyone stopped taking any of bloomingMargaret's posts seriously at least a day ago?

Floisme · 11/02/2015 14:41

Agreed Sooty but I did find it quite gratifying to see her confirm it herself Grin

Floisme · 11/02/2015 14:42

Dammit I wasn't supposed to be talking about her any more Grin

nagynolonger · 11/02/2015 14:48

Go and have chat over on Gransnet Margaret. You've already had a mention on one of their Boomer threads.

LarrytheCucumber · 11/02/2015 14:54

No, I am not fed up with baby boomers, because I am one. Amongst my friends and acquaintances some are very well off, others less so. Some are always off on holiday, others are not. DH still works part time and we still have a 20 year old DS at home. Last year we had one night away in a hotel and no other holiday.
What I do get tired of is threads like this where people pick on people just because they happen to have been born at a particular time.
Plough your own furrow, be content with what you have and count your blessings.
And start a thread about people who trot out trite sayings if you like Grin

JillyR2015 · 11/02/2015 14:59

Most older people live on very low incomes and don't complain about it. In fact plenty are entitled to benefits but are too proud to claim them or will not as a matter of principle. They are not all living in clover.

As for tax reliefs for garden planting etc there are huge huge ones - we all spend a fortune every year supporting EU policies which give grants to farmers for not planting land and in other ways under the Common Agricultural Policy and if you want to avoid 40% inheritance tax when you die but a small house on a lot of land/a farm and greater riches then can you pass to your children. Ditto if you buy a lot of land and house on it you pay stamp duty not at the new 12% rates on purchase but only 4%. There are a lot of gains you can make if you concentrate on the land in life. I will spare everyone an interesting essay on tax advantages of forestry too but in doubt buy agricultural land - now up to £10k an acre, gone up in value more than most other UK assets in the last few years. They are not making any more -except I suppose out of the sea in Dubai.

catsmother · 11/02/2015 15:04

Please don't apologise Flo :)

Have just seen the latest from she-who-must-not-be-spoken-about and won't even dignify that effort with a direct response .... but would gladly join the queue for a 1/4 acre garden so I can do my bit for the local economy and to help save the bees. Will no-one think of the bees?!?.

If only she had fronted up with the bee masterplan in the 1st place we'd have all wound our necks in as quite obviously privileged BBs (who don't graciously accept that they are) deserve everything they've got through all their terribly hard work due to the fact they're now very busy saving the planet and ensuring the rest of us don't die due to lack of bees !

Though that would actually solve the lack of even halfway decent pension issue for many of us ......

bloomingMargaret · 11/02/2015 15:46

I didn't demand any handout to plant my garden, I'm very happy to do so with my own money thank you.

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