And boomers wonder why millennials are bitter towards them..

[Energize]

You live in a different world to the one I do hah - around here that kind of stuff like in some TV shows of groups of friends moving in together tends to be more the exception than the rule - either people's lives just don't come together like that at the same time and/or people just don't have that kind of relationship with their friends and probably more people are single or not in that kind of relationship to move in together than are in a relationship where moving in together is a possibility.

Living with parents or moving back to parents is a more realistic proposition but not everyone has that possibility.

I completely agree.

People move to where the jobs are out of necessity, not where their childhood friends are living.

I live in the North West and rents are £500 a month in dodgy places in the city, that's half your salary gone if you're on min wage. Some people are just living in a different world if they think people are complaining they can't afford a mansion in Kensington on a admin salary etc.

 

[The Running Man]

I think this is a good bit of why so many of the younger generation don't seem to have aspirations beyond work 16 hours a week, claim UC, apply for social housing. I've seen a massive increase in it amongst the school leaver and just above age range over the last few years especially at work.

But why do you assume this is just due to housing?

Do they not aspire to own a nice car? Wear nice clothes?

A lot of new leavers feel entitled to all of that plus housing at no effort to themselves. Then complain about everyone else when they can't even be bothered to work the 40 hour shifts they need to sustain a wage that will help them to break out.

When i was a lad, school/college/uni holidays and breaks i used to work at a local warehouse picking and packing in sweltering heat...

 

[Rroff]

But why do you assume this is just due to housing?

Do they not aspire to own a nice car? Wear nice clothes?

A lot of new leavers feel entitled to all of that plus housing at no effort to themselves. Then complain about everyone else when they can't even be bothered to work the 40 hour shifts they need to sustain a wage that will help them to break out.

When i was a lad, school/college/uni holidays and breaks i used to work at a local warehouse picking and packing in sweltering heat...

I'm not assuming it is just due to housing - as I said I think it is a good bit of why. As to owning a nice car and so on that is far more varied some do, some don't.

Although on the 40 hour shift thing even that is sadly changing - 20 odd years ago when I was at college, etc. I used to do warehouse work and probably 9/10th of the jobs were around 40 hours - these days there is a massive shift towards much lower contracted hours even if you do work many more hours due to companies wanting flexibility - 15 and 20 hour contracts, etc. are far more common. (Not to say you can't still find 40 hour warehouse work). Where I work I can't even remember the last time non-management roles were advertised at full time hours goes back a good few years now.

 

[OspreyO]

Why are all boomers not millionaires so, why are some millennial's already millionaires.

 

[SpeedFreak]

Don't hate the player, hate the game springs to mind. Being bitter at someone for something they did not do is small minded.

 

[Dirk Diggler]

/pointless thread is pointless

You finally hit the nail on the head at the very end.

To address your jealousy topic, if you had mined 100 BTC when you were at University would you consider the feelings of the next generation when cashing them in?

Thought not.

 

[dowie]

Yup, the bitterness is silly. The people who owned and lived in that house have benefitted from it being even more desirable now? So what?

It's like moaning that someone was an early employee at say amazon or facebook etc.. or maybe some smaller company that got bought out... new employees might only get regular salaries and equity allocations that won't turn them into multimillionaires.

Also trying to attribute the issue to a single cause is naive too - whether that be BTL owners, immigrants, growing population, women pursuing professional careers/households with joint incomes, cheap availability of credit, credit requirements for a deposit etc...

I suspect that West London will be a desirable area for a while yet and we have a bigger population now, interest rates at a low level etc.. the prices reflect that. There is only so much of a desirable area to go around - suppose we went full communiist instead - does everyone who wants to live in a particular trendy area get to live there? Not really... well unless they build huge tower blocks all over it, but then is it still going to be desirable?

I suspect that the current Gen Z and millenials are going to carry on seeing a decline in some aspects of living standards (in particular housing) through our lifetimes relative to boomers, there isn't really an easy solution to this, no doubt there will be lots of misplaced anger and frustration though. Still it's hardly that much of a decline in the grand scheme of things if you look back further at the living standards of the generations before them - just one generation before you had miner's cottages with no electricity, an outside toilet, newspapers for bog roll and a weekly bath in the kitchen heated with water from an open fire, generation or two before that you might not have had running water.

Remote work increasing post-Covid could be an interesting one to watch, would be good if higher quality jobs are available across the country.

I think any notion of some low income* bloke being the single breadwinner and owning a family home is likely unrealistic now in most areas... on the other hand though, with remote work and more opportunities for further education and training than frankly ever before then improving your professional situation is arguably easier than ever.

(*nearly said "working class" but that gets muddled and would include say successful business owners such as plumbers, electricians etc..)

 

[arknor]

When i was a lad, school/college/uni holidays and breaks i used to work at a local warehouse picking and packing in sweltering heat...

MY first job also warehouse work starting in winter, all they talked about for the first day was how these skylights are going to bake me when the summer comes.
was a boots warehouse btw, mostly dealing with crap makeup.

boots decided to give makeup away to charity.

part of my job ended up going through bin bags of old out of date makeup and trying to find what was still good which was about 20% of the inventory sent to us from other warehouses.


made me realise when companies give to charity they are mostly giving away crap that would end up in landfill or whatever.

the boss guy in charge of us was cool though, perk of the job was he would let us take some things home if we asked for permission.

security guard was always coming around asking if any tweenies stuff had came in

 

[regulus]

So, the house opposite me has just gone up for sale for £1.7m (disclaimer, I merely rent a flat opposite, this isn't some sort of humblebrag). Being the nosy neighbours we are, we found out that the owners (a couple aged probably early sixties) bought it 14 years ago for just shy of £800k.

Doing some simple maths means that house has increased in value by roughly £900k in those 14 years. WTF. Absolutely insane. I'm not surprised for this area, but jebus wept..

I was thinking about it further, and I actually left university 14 years ago and began my working career. I don't do badly, but do you think I earned an equivalent amount as that house did every year, for 14 years straight? The heck I did.. Perhaps I should have transformed myself into bricks and mortar and sat there doing **** all for 14 years, I would have earned more!

/pointless thread is pointless

With dividends reinvested their 800k would've been about 3.1 million had they thrown that in the NASDAQ in 2006 and forgot about it

But yea, nice money I guess.

 

[Akagi]

I'm not bitter about them having nice stuff, I'm bitter about them being gifted a huge amount of unearned money and living like kings for doing absolutely nothing apart from being born in the right decade.

That isn't the main issue. The main issue is that they will happily wax on about how they did X and Y and bought Z when they were your age so why can't you do it.

They aren't grateful, and are completely oblivious about just how fortunate they were, and still are. In fact some will go further and berate the younger generation, calling them lazy, etc. They are so out of touch that it would be laughable if it weren't so hideous.

 

[Maccapacca]

With dividends reinvested their 800k would've been about 3.1 million had they thrown that in the NASDAQ in 2006 and forgot about it

But yea, nice money I guess.

That’s not equal though, you’d have to take off the cost of rent for the 14 years.

No one is going to give you 800k to throw at the markets.

The total amount repayable on the 800k over 25 years is what £1.25m???? They’ve barely covered costs really I suspect.

 

[SPG]

Its called work, and not believing the world owes you everything. Its also called sacrifice where you go without doing pretty much anything whilst running amd saving up for your first house.

If you want to blame anyone then blame the Tories for allowing council homes being sold off for pence and starting the stupid rental bubble.

 

[Akagi]

Its called work, and not believing the world owes you everything. Its also called sacrifice where you go without doing pretty much anything whilst running amd saving up for your first house.

Please refer to my post mr boomer.

 

[Dis86]

That isn't the main issue. The main issue is that they will happily wax on about how they did X and Y and bought Z when they were your age so why can't you do it.

They aren't grateful, and are completely oblivious about just how fortunate they were, and still are. In fact some will go further and berate the younger generation, calling them lazy, etc. They are so out of touch that it would be laughable if it weren't so hideous.

I'm in a fairly interesting position at work. I have a broad swathe of ages working for me from 65 year olds down to 17 year olds (apprentices). I have noticed a massive generational gap in work ethics and attitudes.

50-65 - Will graft all day, every day. Generally very good sickness records with the obvious age issues. With individual exceptions there is less absence amongst this age group than the rest combined.

40-50 - Good attitude to work, get on with the job. A few obvious long-term health issues showing.

30-40 - Good attitude to work, get on with the job. Very good attendance with the exception of school holidays where there's definitely an increase in sick days (child care issues being masked?).

17-30 - Remarkable sense of entitlement. More interested in their phones than anything else. Obvious patterns to absence, particularly Mondays or after bank holidays. Generally very high sickness, seem to have colds and the flu a lot, 'stress' seems to be a major factor.


I would genuinely say that I can see where the lazy tag for the younger generation comes in, at least in our workforce. I've recently been hunting for apprentices and the current crop are...well...appalling. CVs obviously written by parents/tutors, can barely string sentences together in interviews, inability to actually answer questions. I was actually looking to hire 2 with the specific request that we got some poor buggers that had lost their positions because of COVID, nah, they lost their positions because companies used it as an excuse to get rid of the dross. My two best workers are early 60s and will break their backs for you.

 

[LeeUK]

The other way round too. Terraced houses in my street were selling for £100K and £114K in the mid 2000s, they are worth about £60K at best now with a similar one selling in the street last December for £63K. Nice negative equity there!

 

[Akagi]

The other way round too. Terraced houses in my street were selling for £100K and £114K in the mid 2000s, they are worth about £60K at best now with a similar one selling in the street last December for £63K. Nice negative equity there!

The **** do you live where houses are £60K?

Mordor?

 

[Dis86]

The **** do you live where houses are £60K?

Mordor?

 

[LeeUK]

The **** do you live where houses are £60K?

Mordor?

The North, the deep North.

 

[OspreyO]

Please refer to my post mr boomer.

The problem is you're not listening, and continue to not listen.

You need to live your own life and not try copy your parents. The reality is not everyone will have a quality of life as good as their parents.

But you will live an unhappy life if you can't find contentment in your own journey.

Its not unlike looking at Instagram and thinking that will be your reality.

The world is different. Therefore you'll have to do things differently.

 

[SPG]

No,

I simply do not care, i worked my ass off for what i have and now, from broken family in a council house in a arse end pit town in north Nottinghamshire.

I expected nothing and recived nothing from anyone and with hard work and a little bit of luck i have comfortable lifestyle and i still go without things as that comfortable lifestyle could change in a blink of an eye.

The game is the same, the rules are the same and if think its going to change your destined to unhappy for the majority of your life.

Nothing is stopping you learning a new language and emigrating where your privileged english education can bring you benefits in another part of the world.

Live for the moment plan for the future.