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The Lucy Generation???


Lt Kije
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:lol::lol: ha ha and there was me thinking this was a reference to the likes of Lucy (Beale?) in Eastenders ie the new teenage business woman who has overcome all sorts of hardships (thanks to script writers). :wink:

 

Clearly it wasn't :oops::lol:

 

You could always have edited your own title though Lt.. if you don't know how to would you like me to do it for you :lol:

 

Right... I'm off to read your link again now as seems I was born in the baby boom years (ONLY JUST before the end of it I hasten to add ! )

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I think the date range is too much of a generalisation. Born in the early/mid 50s, we didn't have a lot of the things mentioned in the report, no TV and no fridge for many years, certainly no holidays abroad but we lived comfortably. We were taught the value of money and to work and save for what we wanted. These were the values we passed on to our children and in most cases, the group of friends from school I grew up with were the same. Some of us are also just under the increasingly rising pension age so won't benefit from the retirement date we had expected.

 

Many problems suffered by families today are likely to be caused by the rise of credit card use by so many who believed they could have everything they wanted immediately while ignoring the fact that everything has to be paid for eventually. It would seem that the values we teach our children to live by have a much greater influence on their lives than lack of money for material possessions.

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Fair summary SL: what folk don't appreciate is that these economic woes don't just happen like the weather, they're a result of the political activity of human beings, as Governments or individuals. It's no coincidence that the so-called "baby boomers" were born at the same time we got our first (and last) socialist Government, free education, free health care, a massive house building programme etc. Unfortunately, the momentum wasn't maintained, and we degenerated into the "me me me, now now" society, with an ever widening wealth gap and no adequate redistribution policies. Now the binge spending, with money we didn't have has resulted in a huge financial hangover, the spenders are looking round the rest of the Plebs, for someone who's better off than them to blame. :wink:

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Not true Obs, did you read the whole of the Mail article, the biulding of houses in the 50s enabled the baby boomers cheap housing, which rocketed in value, massive profits for no work, or something for nothing, Baby boomers are now into buy to let, and with less housing being built, they have effectively stopped those coming behind doing the same as they did. Mr Paxman make alot of good points on other advantages his and your generation have had over most other generations, and was it not people of this generation that and for the most part still do have control of the banks when it all started to go wrong, And is it not baby boomers preaching to everyone about debt, then inventing pfi's to mortgage the young along with making them pay for their education.

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can't see the problem with buy to let to be honest..... Brown massacred every private pension when his lot came to power and thus condemned millions of working people to a miserable low income old age if they didn't do something about it themselves..... many bought buy to let property as a means of funding their pensions when they retire.... so there could well be a raft of properties flooding the market when the baby boomers eventually get to retirement age

 

don't blame them really..... why would I or anyone else for that matter, not wish to provide for themselves and their families first? They pay tax on their wages and tax on any rental income....and get less and less back

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Perhaps I didn't spell it out clearly enough: the building of houses by the Atlee Gov was literally to provide COUNCIL housing for the homeless, who thanks to the Luftwaffe, had cleared huge areas of pre-war slum properties. They even provided pre-fabs - nowt to do with buying your own then - that came later, when we were told we'd "never had it so good" (under Super-Mac). If the baby boomers are guilty of anything, it's by not saying "no" to there kids, who grew up expecting everything and anything - instant gratification on the back of a bank card or Mom & Dad's bankers card. And with all this material abundance, the idea of "looking after Jack" and " there's no such thing as society" really took hold. So this credit binge was passed on to their grand-kids, until the crash and the economy said "no" - no money - no honey! :wink:

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You seem to assume Paxman is a fountain of all wisdom, suggest YOU read the comments underneath the article! Actually Cleo - Malacca, 40 years ago! :wink:

 

Blinkin heck observer! Were you there too? OMG! Don't tell me YOU were that man! :unsure:

Although Malacca was part of my itinery it was actually KL 30 or so years but not 40. I was elsewhere 40 years ago. :lol:

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