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

[DamFineBeaver]

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?

I can not believe some of the distasteful and horrible replies here. I told myself I wouldn't post here but had to register again.

Baby boomers have done more for the world than today's youngsters will probably do. In fact all yhr things young people waste money on were invented by baby boomers. Head of Starbucks, steve jobs who invented smart phones and Tim burn who invented the internet!

You youngsters are lucky for all the things that boomers did for you - holiday pay, maternatly pay, gender equality, paternity pay.

I was a full time housewive, my late husband worked hard for 30 years and guess what he died after only 14 years of taking his "gold plated" (don't make me laugh) pension at 74. I guess you lot would be happy with that. Since he has departed I only get half the pension and it is only £1300 so its below minimum wage I have! The state pension tops this up abit but i do not receive any pension credit or any other help. I have a pretty modest 3 bed semi and drive a car that's 6 years old. We are not all living lavish lifestyles!

It's also a basic economic fact that the current working generation pay for the pensions of the currently retired. Your children/grandchildren will pay for your retirement. I hope they aren't as resentful as you are about that, for your sake.

So bloomingmargaret you never worked. You never made provision for yourself. You never paid tax...

Yes but her husband did and they probably went without because only one was working. It was much more common then and no need to be sniffy about a previous generations norm.

Yes I did work! Raising two children and this allowed my husband to sometimes work late, travel for his work and always come home to a hot home cooked meal. I did make provision for my pension as by running the family I earnt 50% of husbands pension.

Bloomingmargaret

I'll gently point out that you are very fortunate.

I think this is what my generation feels frustrated about. We have no security at all. I have just started paying into a pension. DP works contracts and has no pension. Our jobs are insecure. We are told not to expect state pension in our d age. We are mortgaged until 68. We both work full time.

We aren't lazy. We don't have wild expectations.

Norland, I'm bemused and amused that you think I'm a journalist. When I said earlier that I was a researcher by trade (purely to help explain in a friendly manner why my question might have been posed quite specifically), I meant the kind who sits in a lab collecting and analysing data. Please believe me when I say that if I turned up to work with a Mumsnet thread to analyse they would call some men in very different white coats to the ones I'm accustomed to wearing.

The rest of the strange character assassination (including attacking my username?!) you appear to be embarking on doesn't matter to me. But don't call me a bloody journalist

I'm not angry with the baby boomers but i am angry with the super rich, tax avoiders and the idiot governments who keep insisting that trickle down economics works.
Baby boomers have been lucky but they didn't cause the global financial crash or the ridiculous housing situation or the shitty wages most have to live on.

These people who you appear to despise so much are presumably your parents and grandparents. That's a bit nasty isn't it? I can only assume that they have never once used all this obscene wealth to help you out with your university education or given you a place to live while you looked for a job or the deposit on a rental or whatever.

blooming I'm afraid that your DH didn't pay enough tax and NI to cover your state pension. Nor enough to cover your NHS costs and the costs of your DC's education etc etc

Between you, you didn't cover yourselves.

Which is fine. But it behoves you to recognise that fact and accept that it is the current generation (who due to rising housing costs and living costs generally cannot afford to be housewives all their lives) who are covering the short fall.

They might not mind nearly so much if you showed even a modicum of economic literacy or comprehension of how the world has changed.

Bloominmargaret - no offence but £1300 isn't below minimum wage and it is large amount of cash coming in for a single person, especially with state pension on top

I can see both sides. A lot of people of that generation did not have things that today's workers take absolutely for granted. They lived comparatively frugally. There was benefit but not housing benefit, tax credits, disability living allowance and so on. There was none of that. Lots of people didn't get sick pay.

By the way my daughter and her husband have a much bigger and nicer house than any that we have lived in. Do you hate them too?

I'm pissed off with Gideon's blatant electioneering with the pensioner bonds.

I agree. £1300 plus state pension is quite a good income for a single person with no mortgage. And above minimum wage.

YANBU.

But good luck with this on Mumsnet (somewhat the home of "whatever you have you must by definition deserve")

Theoldestcat - Gidiot.

Until mn I had never seen much evidence of intergenerational hatred. Threads like this are very sad indeed.

I dont blame BBs.
But what is a very bitter pill to swallow is that those in the cabinet now who are taking away benefits, eroding workers rights and selling off the NHS are tines who benefitted most from the welfare state.
Free university education.
Final salary pensions.
Jobs for life.
A working NHS - decent gp services. Remember when drs did home visits!?
What do my Dh and I have to look forward to?
££££ if our children want to go to university.
No state pension (by that time we are 70 or whatever the hell the age is then)
Zero hours contracts
A privatised NHS
A 2 tier education system.
So...yes. The BBs had it good. But I can't see many if them admitting to that!

What big pension? I'm 62 and still working full time (with life-limiting illness). I'll soon be spending some of my inheritance (from my parents) on assisting DCs to buy apartments.
I'm too busy to have a lavish life style, but have recently gone mad and bought myself a coffee at the railway station every day.

Margaret...you think £2k per month is minimum wage??
Jesus.
That is a decent income for someone who is mortgage free.
Minimum wage is £6.50 per hour.
That's double what my mother lives on....

Yes I am rather envious of the baby boomers to be honest. My dad was lucky and retired when pensions were still very good. and he continues to do well. Good on him I suppose.

On 2k all in including benefits a month we have a family of five, mortgage, make regular savings, go abroad regularly etc. What on earth are you doing with all that money if you have no mortgage? Lighting cigars with it?