It’s basically the same yeah. Our parents bought their first homes for a fraction of what they go for now. Extortionate rent, mortgage payments (if you manage to get property), bills, transport etc keep the young poor unless you were born wealthy enough to get a big leg up and/or inherit.
Comment on UK state pension age will soon need to rise to 71, say experts
seth@lemmy.world 1 year ago
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Elkenders@feddit.uk 1 year ago
HeartyBeast@kbin.social 1 year ago
I don’t think it’s even as simple in the states. This whole business of monolithic ‘generations’ with homogeneous economic prospects and political beliefs needs to be taken with a massive pinch of salt. It’s just another specious example of divisive tribalism that seems to infect so much of public discourse.
Docus@lemmy.world 1 year ago
Not a Brit, just living in the UK, but yes, we have Boomers. The safety nets are not that good and steadily declining
adam_y@lemmy.world 1 year ago
The Baby Boomer phenomenon happened here too… Although class plays a large role here too. When they talk about a retirement age of 71 they are talking about the working class that are dependent on a state pension.
I think ideology plays a big role too. The Conservatives have been desperate to sell off the NHS for decades. You could argue that it has already happened. The reason for this is that, to some extent, they represent a predatory upper class.
They frequently sell off nationalised assets and cushion themselves with kickbacks, although the main purpose is to massage the perception of the economy. For example, in the 80s Thatcher brought in the “right to buy” which enabled occupants of social housing to buy their homes. Effectively privitising the safety net, which no longer exists.
A generation got to buy reasonably sound and cheap homes at the expense of the next.
Similarly the rail network was privitised, and the post office and the telecoms industry. Now we are surrounded by scandals, paying over the odds for essential utilities and getting worse service than ever before.
But a few wealthy folk got wealthier and had their tax cut, so it’s not all bad.