Lets also not pretend as if student fees are not a tax that impacts those people specifically.
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A Political Thread pt. 2
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See now some of this has merit, but your just disregarding struggles of generations before gen Z and only considering the worst of gen z has had this far.
You have to remember the oldest Gen Z is still what mid 20s? Of course they are behind, as ive stated over and over the greatest predicted of wealth is age. With your argument Gen Z has had it much better than gen alpha, who were born into crisis, but im sure you would agree this wouldnt because fair comparison either?
Your argument seems like lazy feminist arguments about white men, white men make up a decent % of CEOs, so all white men are rich and privileged.
For a start, 20% of boomers live in poverty, and im not surenifnyour away but this more than doubled in 2019 when the pension age rose.
50% of over 60 year olds are still paying off their mortgage, 25% still rent (approximately). At 25 boomers and gen Z owned their homes at pretty much the same rate, I think theres 1% between them, and Gen Z at 25 outpaced both Gen X and Millenials with regards to home ownership. I think the stats are something like 25% 27% 31% 32%.
Gen Z spend way more than boomers on leisure, international travel, and even now have taken over expensive hobbies like golf. 70% of Gen Z are optimistic that their lives will outpaced their parents, and most of all none would switch back to 1940s to live that life.
Your seemingly taking wealth inequality and attributing it to generational differences, discounting things like 20% interest rates for mortgages.
Your also not considering work life balance, employee treatment, work flexibility, and the fact that most projections for their financial outlook look positive.
So how about we stop playing the blame game, every generation had difficulties, every generation overcame them, Gen Z will be no different, and within 5 years the landscape for a difficult start is likely to change incredibly.
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Wait are you claiming that student fee grants and loans are a tax on the non further educated, or that student fees are a tax on the students themselves?
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Who has a more punchable face. Owen Farrell or Rory Stewart? I'm going for Rory, god I hate that slimey prick.
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You know studies show that gen z had significantly less wealth at the same age as boomers. This is despite studies showing they are actually very financially aware contrary to your claims. In addition boomers control half of UK housing wealth, a concentration not seen for decades, maybe even centuries, and their wealth has grown 5 times more than millennials, a generation disparity never seen before.
After accumulating all this wealth, there are boomers saying they are going to spend it all and leave no inheritance.
Various tests have shown that people who have wealth tend to be more rude and dismissive to those who don't and also convince themselves their wealth is through their own brilliance and not good fortune. This is being shown in his many boomers are convincing themselves they are fantastic and everyone else who had followed is just useless. These people obviously have very short memories as they forget what the generations before them said about the boomers when they were younger. The difference is they didn't keep saying that about them as they got into their 30s and had families of their own. Meanwhile boomers STILL criticise millennials, despite nearly all of them now having families of their own, renting or owning homes and well into their careers.
You talk about each generation overcame their problems but, statistically, boomers has significantly more wealth at the same point in their lives than every generation that has followed, and it's been getting worse.
You point at things like cars and prints whilst ignoring we now live in a society that largely relies on these now to function.
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Ok I'm bored waiting for the lions so I will bite.
The "lazy feminist arguments" about white men? lol I feel that sums it up.
I'm not disregarding struggles older generations had I'm pointing out that for most of modern history, each generation did better than the last. That's no longer the case. This isn't about individuals, it's about systemic trends. Gen Z are the first generation in modern times where the overall trajectory is worse and that's visible even this early.
Saying Gen Z spends more on travel or golf doesn't prove they're better off either that's just different spending habits, not wealth. You think someone renting at 60% of their income, with no assets, no pension, but went to Thailand once for a jolly or Ibiza for a lash, is in a better spot than someone who bought a house at 24 for 3x their salary?
You mention Boomers struggling ok, but who stills hold over half the country's private wealth. Of course not every Boomer is rich, but on average, they came up in a system that allowed for stability and ownership. That's not the reality now. The ladder is broken so to speak.
Is it whinging to acknowledge the mess they've been dropped into. And yeah, maybe the outlook could improve in 5 years but that's not guaranteed, and blind optimism doesn't fix ****.
Also what work life balance? I think this is really showing how out of touch you are.
Gen Z have in general better flexibility but way worse in terms of clear separation between work and life. Plus general pressures for paying an ever increasing cost of living crisis.
This isn't about blaming older generations. It's about calling out the fact that things aren't working the way they used to, and pretending Gen Z are just entitled or blind to history doesn't change that.
Answer these questions
How much did it cost to go to Uni for Boomers?
How much did it cost to buy a house for boomers?
How much debt did Boomers have before 30 compared to Gen z?
How many jobs where gig work for young boomers?
The "lazy feminist arguments" about white men? lol I feel that sums it up.
I'm not disregarding struggles older generations had I'm pointing out that for most of modern history, each generation did better than the last. That's no longer the case. This isn't about individuals, it's about systemic trends. Gen Z are the first generation in modern times where the overall trajectory is worse and that's visible even this early.
Saying Gen Z spends more on travel or golf doesn't prove they're better off either that's just different spending habits, not wealth. You think someone renting at 60% of their income, with no assets, no pension, but went to Thailand once for a jolly or Ibiza for a lash, is in a better spot than someone who bought a house at 24 for 3x their salary?
You mention Boomers struggling ok, but who stills hold over half the country's private wealth. Of course not every Boomer is rich, but on average, they came up in a system that allowed for stability and ownership. That's not the reality now. The ladder is broken so to speak.
Is it whinging to acknowledge the mess they've been dropped into. And yeah, maybe the outlook could improve in 5 years but that's not guaranteed, and blind optimism doesn't fix ****.
Also what work life balance? I think this is really showing how out of touch you are.
Gen Z have in general better flexibility but way worse in terms of clear separation between work and life. Plus general pressures for paying an ever increasing cost of living crisis.
This isn't about blaming older generations. It's about calling out the fact that things aren't working the way they used to, and pretending Gen Z are just entitled or blind to history doesn't change that.
Answer these questions
How much did it cost to go to Uni for Boomers?
How much did it cost to buy a house for boomers?
How much debt did Boomers have before 30 compared to Gen z?
How many jobs where gig work for young boomers?
Where did you get that stat by the way? quick research says
About 23% of those over 50 who own homes still have a mortgage, but only less than 11% of over-55s carry outstanding mortgage debt near retirement.
For the baby boomers over 50% owned homes by age 30, and many already owned by 25. Compared to Millennials & Gen Z having only less 10% of under-25s owned homes in 2023, down from around 24% in 2004
In terms of rent it's more like 6% of 60 year olds still rent.
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Please show me those studies, I just provided home ownership rates, Gen Z ranked 2nd of 4 in that stat, and barely lost out to boomers.
Where did I say Gen Z were not financially aware?
Owning housing welath isnt an indicator of lack of struggle though is it, EVERY generation owns more wealth than that before it, over time that changes, Milkenials will dominate the market one day, then Gen X, then the unthinkable, Gen Z will and Gen Alpha will be making this same argument lol.
The generation disparity with millenials can be attributed by many things, life expectancy increase, immigration boom, and a growing older generation.
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My parents don’t have a pot to **** in but I got a house because my sister is very rich and sorted me out so I could buy a house and laugh at all the peasants below me.
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Ah the Great Reset.
You will own nothing and be happy. It's just the second part that hasn't come to fruition yet. 50-100 years from now life will just be one big subscription. Won't be long before Apple introduce a subscription model for their products.
You will own nothing and be happy. It's just the second part that hasn't come to fruition yet. 50-100 years from now life will just be one big subscription. Won't be long before Apple introduce a subscription model for their products.
Everyone forgets Gen X in all of this 
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Forget boomers vs millennials, the next conflict is millennials vs each other https://share.google/Qoh6JhGw9X9GgGq3V
Not the link I was originally looking for but it highlights a similar point, there has been massively growing inequality in this country
People born between 1981 and 1996 had less average wealth
A National Bureau of Economic Research report concluded that those born between 1981 and 1996 had less average wealth than all other age groups in the workforce in 2016.
www.dailymail.co.uk
For the generational gap.
You implied a lack of awareness through spending habits. It's an often touted line about avocado toast, smartphones, holidays etc as proof of a generation that throws money away and doesn't save. As if younger people enjoying themselves is evidence of poor financial thinking.. This from the generation of sex, drugs and rock and roll, the generation frequently berated fit being lazy and entitled. They now want to level this at others?
Yes there is always generational wealth disparity at any moment in time, what there ISN'T is generational wealth disparity at the same point in their life. A 30 year old boomer had a greater share of the overall wealth in the country than a 30 year old greatest generation did. A 30 year old millennial has less than a boomer did at the same age. You keep sticking to this strawman of boomers having more wealth than millennials now, nobody is making an argument about that. What people are arguing is about wealth at the same point in their lives.
Boomers frequently had homes and families funded in their 30s on a single, uneducated job salary. Do you honestly want to claim that a single, minimum wage job now could get you a home and maintain a family now? Really?
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I’m not fully agreeing with anyone here.
But this really did resonate. I’m in my 50s and unquestionably have seen ever increasing “I want it now” over time (and that would definitely have applied to my generation compared to my parents and grandparents too).
I suspect that’s probably just prevailing mindset more than particularly worrying about what may happen in 25 years time, although wider economic and societal issues are real things (and no generation has been challenge free). But if your discretionary spend is relatively high then you’re not saving for a house or putting much into a pension and financial habits tend to stick. My parents banged those messages in from an early age, but they came from a generation that prioritised security over fun, and were cautious anyway.
Most people just can’t have it all….if you’re 28 and decide to get a loan to buy a nice Audi, I’m not going to criticise you for it, unless you start complaining in the same breath that you’re never going to be able to afford to get on the housing ladder.
In my industry this is a bit of a cliche, however…..are you one of the multitudes for whom a daily take out coffee has become a routine habit? Let’s say between ages 25 and 30 you buy a coffee every day at £3.50 which you don’t ready notice. But that’s nearly £6K which if invested into your pension with an average 4% return would be something like £23K at age 65. A 5% return gets it over £30K. And that ignores any coffees after age 30….and the incidental pastries etc that get bought with them.
Equally there’s no point getting to 80 with a shedload of money but no memories or experiences to look back on. Who’d have thought life was a difficult balancing act?
You've completely made this is up, it's actually the exact opposite
How do Gen Z Britons think their own lives compare to their parents’? | YouGov
61% of Gen Z Britons feel they have to work harder than their parents did at their age
Gen X are kinda the weird tansitional generation they are doing...okay but nit brilliant. Dot com bubble hit them but the financial markets kinda limped on. Mostly aided by the tech industry still exploding into life at the end of the 90's early 2000's.Everyone forgets Gen X in all of this
Its blatantly apparently in my industry Xers who typically are just about anyone who is older hold many positions of authority. But we able to get there relatively shortly in their careers due to Boomers not being trained for the roles. Many I know have been holding these positions for 15-20 years where Milinnials and below have been waiting for them to leave but due to growth stagnation that tends to not happen.
Of course that isn't true to all my wife is pretty smart and could be consider X/Millenial but doesn't have tech savvy skills of an younger Xer/Millenial. As such she's pretty much a low wage career as opposed to myself.
The real crux point is the 2008 financial crisis which is just forst university educated millenials were entering the work place. Which creates the massive divides. But as noted Xers tend towards a mix and generational theory is more about showing trends rather than actual social thought experiments about the differences of people.
But this doesnt happen like that that nice Audi is likely and entry model and let's not pretend Xers and Boomers didnt have boy racers in their Golf's and Escort's. Its just the choice of car that's changed not the mentality a brand new entry level VW golf is only 10% cheaper than a entry level BMW 1 series.
Plus as noted it was pretty easier for a Boomers in their mid 20's to get on the housing market. The % of their wages required to get a deposit and spend of mortage was signifancly less.
Infact whenever someone says they should go without and they dont save like other people Im just going to paste this table.
1975 vs 2025: How Homeownership Has Changed over 50 Years
Discover how salaries, house prices and deposit totals have changed over 50 years, revealing the growing challenges for today's first-time buyers.
But writes like he's 14 - no-one else knows everything about so many different subjects
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And yet somehow the fact younger generations need help from the older generations that benefited from this is proof of privilege and not of necessity.But this doesnt happen like that that nice Audi is likely and entry model and let's not pretend Xers and Boomers didnt have boy racers in their Golf's and Escort's. Its just the choice of car that's changed not the mentality a brand new entry level VW golf is only 10% cheaper than a entry level BMW 1 series.
Plus as noted it was pretty easier for a Boomers in their mid 20's to get on the housing market. The % of their wages required to get a deposit and spend of mortage was signifancly less.
Infact whenever someone says they should go without and they dont save like other people Im just going to paste this table.
View attachment 241251975 vs 2025: How Homeownership Has Changed over 50 Years
Discover how salaries, house prices and deposit totals have changed over 50 years, revealing the growing challenges for today's first-time buyers.mojomortgages.com
I work in a professional career as a civil engineer. I bet rarely went out, never went on holidays by myself, barely ever bought clothes except when needed, my first car was only 1k and my second 2k. I rarely got takeaways. Once I moved out and was renting, I was saving around 500 a month at best, often closer to 300. It would have taken me 6-8 years or so of discipline to save for the deposit for my first home on a single income, and that would have been leaving me with no savings or anything to cover the other expenses.
The best piece of financial advice for younger generations is to stay living with their parents until their late 20s so they can save up, but then they get berated for that too and get accused of being leeches afraid to fly the nest.
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Amazing post. You read my thoughts. Even this example with a daily take out coffee... that's what I think (and count in my head) every time I see my colleagues doing it (while we have a lot of coffee machines in the office). Same with cigarettes by the way.I'm not fully agreeing with anyone here.
But this really did resonate. I'm in my 50s and unquestionably have seen ever increasing "I want it now" over time (and that would definitely have applied to my generation compared to my parents and grandparents too).
I suspect that's probably just prevailing mindset more than particularly worrying about what may happen in 25 years time, although wider economic and societal issues are real things (and no generation has been challenge free). But if your discretionary spend is relatively high then you're not saving for a house or putting much into a pension and financial habits tend to stick. My parents banged those messages in from an early age, but they came from a generation that prioritised security over fun, and were cautious anyway.
Most people just can't have it all….if you're 28 and decide to get a loan to buy a nice Audi, I'm not going to criticise you for it, unless you start complaining in the same breath that you're never going to be able to afford to get on the housing ladder.
In my industry this is a bit of a cliche, however…..are you one of the multitudes for whom a daily take out coffee has become a routine habit? Let's say between ages 25 and 30 you buy a coffee every day at £3.50 which you don't ready notice. But that's nearly £6K which if invested into your pension with an average 4% return would be something like £23K at age 65. A 5% return gets it over £30K. And that ignores any coffees after age 30….and the incidental pastries etc that get bought with them.
Equally there's no point getting to 80 with a shedload of money but no memories or experiences to look back on. Who'd have thought life was a difficult balancing act?
I was calling it "western way of thinking" before to be honest...but now I see that it depends more on a person.
Also true about life being a "difficult balancing act", we call it "to find the golden mean"
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Infact whenever someone says they should go without and they dont save like other people Im just going to paste this table.
View attachment 241251975 vs 2025: How Homeownership Has Changed over 50 Years
Discover how salaries, house prices and deposit totals have changed over 50 years, revealing the growing challenges for today's first-time buyers.
Well there’s other data around that contradicts that to an extent but even if we take that as read, there’s context behind the bald numbers.
Back in the day, there weren’t many lenders bar traditional banks and building societies and they had stringent lending conditions to the extent that people with excellent credit records and good money in the bank and sometimes personally known to bank managers, weren’t guaranteed to get mortgages at all. Much more risk adverse with tighter criteria than now, affecting people who you’d say were pretty safe bets with reasonable incomes and good safe jobs.
And then all that data is based on dual incomes. Commonplace now, but not so far back in history (and like it or not but this is how it was….) the assumption was that a wife wouldn’t work at all or in any meaningful way after children came along. So lending was usually restricted to 3 times the husband’s income and if the wife’s was taken into account at all it was 1x (and good luck getting a joint mortgage if you weren’t married). So that comparison doesn’t wholly stand.
And then there are massive regional variations.
I’m not saying it’s not very difficult now and when I’m Prime Minister I’ll tax second home ownership to destruction - I see that as a real problem. But nor am I having it that it was always a cakewalk in the past, because it just wasn’t.
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