To worry for millennials

[eedon]

As many things are going backward in terms of quality of living. Now even for jobs that used to be entry level employers are demanding a degree just because there is a surplus of degrees. To get a degree is what 40k plus, with interest compounding on this most people will never pay it off, and didn't they change the law that it wouldn't be written off in peoples lifetimes like it used to be. More graduates then ever unemployed. The average house price has been going up double digit percentages for the last decade, many in the south east have learnt more through their house than working. I just can't see where it will all end.

Just because rents are high doesn't right it off as a valid way of leaving home. House prices are just as bad and we are already seeing the next wave of mortgagees who haven't planned for any sort of rate rises. God help them if we ever see the levels we hit in the early 90s of 15%+ interest rates.

As for renters rights, they are much better than they used to be but the whole rental law needs looking at in both directions not just in favour of the tenant.

80k debt per person...etc
Almost every country in the modern world is in debt. It seems odd, but that's capitalism. The rest of it is ideology - constantly reminding us how in debt we are is a tactic used by those who favour a smaller state and lower taxes. In fact, much more generous state pensions could be afforded, if the political will existed.

The obsession with home ownership is based on the fact that over the long term, almost nothing is such a reliable investment. That may be a crazy thing for such an essential as housing, but since everyone needs a place to live, why not live in one of the few things that generally appreciated in value?

This has been (and continues) to be fuelled by a government that encourages people to buy (right to buy, extended to all social housing), first time buyer help etc etc,

What do all your husbands do? I mean for those of you saying about apprenticeships. Can your kids not apprentice under their dad or grandad or something? That's more or less what happens here

Homes are not always a great investment. Many have lost a lot on them! Of course not these days as they print money and keep interest rates near 0, that's another problem.

That's hardly fair using apprenticeship s, that is reliant on knowing someone and having someone else fund them while they train. Is that not nepotism?

sproketmx it doesn't work that way in the UK anymore. It used to 40+ years ago then we saw apprenticeships almost die out, probably around the same time that we saw our manufacturing and engineering industries falter. Now its back and there is some government funding behind it. AFAIK its an interview process to get one and I don't know how many are properly advertised and how many are through word of mouth/direct letter.

As for it being nepotism, I suppose that depends on whether the word of mouth is via somebody middle class/went to private school and somebody working class who has always grafted in those industries. Strangely when its working class, nobody seems to mention nepotism.

At least I posted research to back up my view.
Ah yes so you did: a link to the Institute for Economic Research. You neglectd to point that this is a right wing think tank whose stated aim is to promote free market ideas. I'm quite sure anything that helps soften public opinion towards abolition of the state pension would sit very well with them, as would framing this as an intergenerational conflict.

Still seeing nothing to back up your thoughts. Feel free to tell me if any of the numbers in the report is incorrect.

The world has gone mad they are building luxury developments in Tottenham, TOTTENHAM.

I think the housing market is hugely inflated, if you pass by these new developments at night the lights are off, they cash boxes for overseas investors.

It is a view supported by ONS statistics as I am sure you know full well. I am unable to link from my phone but if you google it I have no doubt you will find links to every instution, right, left and in between, from The Daily Mail to The Guardian to Forbes to Wikipedia to Oxfam.

Of course statistics are exactly that and no doubt you will have a counter argument. However the notion that the UK is one of the richest countries in the world is hardly left field so please stop trying to pretend otherwise.

Now would you like to tell us why you are trying to pass off the ideas of a right wing, aggressively pro free market think tank as a piece of mainstream research?

I manage to paste on my phone just fine.

Why say it is the 6 or 7th when you have no idea?

This say 23rd, right at the bottom
uk.businessinsider.com/the-23-richest-countries-in-the-world-2015-7?r=US&IR=T

I am so pleased to hear your phone is more sophisticated than mine.

We are talking about statistics; If you look long enough you can always find some that will support any argument on earth.

Which brings me back to my question: Why are you trying to pass off the ideas of a right wing, aggressively pro free market think tank as a piece of mainstream research?

Tottenham? A friend lives in Croydon. Same thing there. Block of flats all sold off plan. No one ever moved in. All owned by Chinese, apparently. They are desperate to put their money in bricks and mortar in UK. I read a worrying article about lots of Britain being for sale, and much already been sold, with local councils eager to raise funds in this manner.

I think pensions and pensioner benefits will disappear just in time to hit Generation X. The baby boomers will finish them off. One problem is that medical science is making life outlast people's finances, and beyond the years a pension was originally intended to cover. Fil has been retired 33 years. 33 years of drawing a public sector pension. He alone has crippled the country!

Hun my phone is 3 years old. So your saying just avoid all statistics out there and just pluck figures out of your head? I think we've reached the end of this Congo.

To echo Spartans post on page 1 - I know a small professional business who took on a non-graduate so they could be trained up, they decided they did not want a graduate trainee.

London isn't the only place in the UK. As far as I'm aware it's still relatively common for averagely paid, non degree educated couples to own their own home - almost every long term couple I know does anyway. Ridiculous to suggest that house prices make this unaffordable as in most of the country they just don't.

I can't agree that the state pension will be abolished in 20 years. What political party could possibly get into government with this in their manifesto, or what level of financial crisis could prompt such a decision? Reduced maybe or age increased definitely, but to suggest it will be completely abolished in as little as 20 years (4-5 terms) is madness. by it's nature it's the only policy that not a single voter would support, as everybody is eligible to receive!

Please don't call me hun.

You have now dodged my question 3 times. Here it is again:
Would you like to tell us why you are trying to pass off the ideas of a right wing, aggressively pro free market think tank as a piece of mainstream research?

They are doing it in Thamesmead aswell its astonishing. These luxury flats are being sold to people who have never been to the area, the development its in front of a traveller site and a flyover with scenic views over Thamesmead.

www.theguardian.com/housing-network/2015/jan/14/no-social-housing-luxury-london-flat-advert

Ok I am home now and can access a computer. This is the information I had seen which ranked the UK 5th or 6th. I will give you several sources:
knoema.com/nwnfkne/world-gdp-ranking-2015-data-and-charts

databank.worldbank.org/data/download/GDP.pdf

statisticstimes.com/economy/projected-world-gdp-ranking.php

I have avoided Wikipedia but you can look at them too if you want.

In fact earlier this year, George Osborne was predicting that Britian could become the world's richest major economy. You can read this in either The Guardian or the Daily Mail:
www.theguardian.com/politics/2015/jan/14/britain-richest-country-world-george-osborne-fiscal-policy

www.dailymail.co.uk/news/article-2910717/UK-richest-economy-world-2030-says-Osborne-Chancellor-offers-bullish-assessment-nation-continues-press-ahead-economic-reforms.html

It doesn't sound to me like a country that cannot afford to look after its most vulnerable people.

No doubt you will come back to rubbish this and to present statistics to suit your own narrative. When you do please don't forget my question about why you have attempted to pass off a the work of a right wing, pro free market organisation as independent research. I have now asked you about this 4 times.

It does round here. My fil has his nephew apprenticing under him the now. Hubby and his brother did too. Ours will hopefully apprentice under their dad. They go to college one day a week block release and do 4 and a half days at work. My wee brothers 21 and he's just finished his plastering and roughcast ing apprenticeship under our uncle. That's how all these surname & son's businesses keep going

George Osborne was predicting that Britian could become the world's richest major economy

Predicting and could he's hardly going to say the debt based economy is fucked and we will have to get used to lower living standards. George says loads of shit, sorry hun its true.

Why are you assuming everyone 66+ plus is the most vulnerable?! That's very insulting to be honest, people just because they reach a certain age are not all of a sudden decrepit and no longer able to work, on the proverty line and needing state financial support.

I haven't tried to pass off anything. I posted a report from the source.

Ah at last you have spotted my question! I suppose I will have to ask you 4 times not to call me 'hun' as well?

Do you agree that your source, the Institute for Economic Research has a clear agenda to promote right wing, free market ideas? I'm curious as to a) why you picked them and b) why you didn't declare that they are hardly an unbiased source.

I will be encouraging my dc to move out of the southeast and settle somewhere where houses are much, much cheaper. The new living wage will help I think, on the positive side. I'm just hoping that it doesn't push house prices up all over the UK thus rendering those which are currently affordable, unaffordable.

I'm italian american and I will hun whoever I like thanks.

Why are your against this think tank. Can you dispute its figures.