The 2008 crisis is a firm dividing line. The dividing line is roughly between age 41 and 45. Me and DH fall either side of it.
The difference is stark in our local community.
We have a lot of slightly older friends - they could afford much bigger properties despite having a much lower income at the same age. They paid the mortgage off by 50. They all had women who were able to be staying at home parents.
The parents of DS's peers are totally different. Both parents work in professional jobs or they can't afford to move to the area. Behaviour at school has plummeted. School who are desperate for parental support from volunteers for various activities struggle to get it because parents are working which was never previously a problem. The birth rate has dropped so considerably it's having an impact on all the local schools. The parents are constantly stressed and this impacts the kids. They are mortgaged up to the hilt and beyond and often have needed help to get started from parents
@RedToothBrush What you write here summarises so clearly what I’ve noticed among my peer group, and currently see playing out in local schools (ex-primary teacher and current governor and volunteer).
Most of my school and university friends had their kids relatively young - mid to late 20s - and prior to the 2008 crash. Back then I thought they were crazy to tie themselves down so young, but almost all of them are settled, comfortably housed (albeit generally in homes smaller than those they grew up in) and were able to work on a very part-time basis at least while their DC were in primary school.
DP and I, though, waited until 37 and 44 respectively to have DD and there’s a stark contrast to the above among our own peer group of parents. Almost everyone works FT. We still live in the same area as my friends with their now teenaged DC, but we’re all crammed into homes that are really too small for us, and no one can afford the next rung up on the housing ladder. Everyone is incredibly frazzled and distracted, all of the time. All the kids are in wall-to-wall childcare, during both term and holiday times, and behaviour in local schools has undoubtedly dipped (teachers in the school I volunteer in now talk of a second group of ‘disadvantaged’ children: those with two FT working parents, as behaviour and attainment among this group is becoming a big concern).
I count myself incredibly lucky not to be in this boat, although this is more by luck than judgment. DP is in IT and earns enough for me not to have to work at present (I am a massive outlier in DD’s primary and one of very few parents in a position to help out). We have just the one DD by choice, and are planning to move out of our Outer London suburb to somewhere more affordable within the next year - again, fortunate that we have this option available to us. Lots of our friends acknowledge that the ads simply ‘stuck’.