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Greedy Boomers Bailed Out By Taxpayer

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http://www.dailymail.co.uk/news/article-1320690/Caring-grandparents-right-state-pension.html

Selfish boomers who spend their leisure time cruising around the Caribbean looking after their grandchildren while their hardworking materialistic debt junkie children are working are to be given national insurance credit to enable them to receive the full state pension. More evidence of the transfer of wealth responsibility from younger people to this generation who have already spent years shafting bailing out their offspring.

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http://www.dailymail...te-pension.html

Selfish boomers who spend their leisure time cruising around the Caribbean looking after their grandchildren while their hardworking materialistic debt junkie children are working are to be given national insurance credit to enable them to receive the full state pension. More evidence of the transfer of wealth responsibility from younger people to this generation who have already spent years shafting bailing out their offspring.

you voted them in.

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http://www.dailymail.co.uk/news/article-1320690/Caring-grandparents-right-state-pension.html

Selfish boomers who spend their leisure time cruising around the Caribbean looking after their grandchildren while their hardworking materialistic debt junkie children are working are to be given national insurance credit to enable them to receive the full state pension. More evidence of the transfer of wealth responsibility from younger people to this generation who have already spent years shafting bailing out their offspring.

Whilst Gen X/Y that have one stop-at-home, and an OH that earns over £44K, will not receive it after 2013, as they have to be in receipt of CB to get it.

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I don't see why we need to keep pretending that the state pension is based on contributions anyway, it should just be universal. You get credits while you are on benefits so it's not as though it encourages you to work.

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http://www.dailymail.co.uk/news/article-1320690/Caring-grandparents-right-state-pension.html

Selfish boomers who spend their leisure time cruising around the Caribbean looking after their grandchildren while their hardworking materialistic debt junkie children are working are to be given national insurance credit to enable them to receive the full state pension. More evidence of the transfer of wealth responsibility from younger people to this generation who have already spent years shafting bailing out their offspring.

So. just to clarify, who is / was the problem, boomers, children or grandchildren?

..............or bankers?

Edited by nixy

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Sad to say, it is Generation X, now entering their 40's who made up the majority of the City traders and BTL speculators as "young entrepreneurs." A.k.a. the "Kirsty Generation" born after 1970.

It is tragic that these 30 and 40 year olds have ripped of the Millenium generation who will be paying off their speculative debt for theit entire generation.

Edited by Realistbear

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The largest windfall recievers are the people who bought real estate in the eighties or early - mid nineties and held on to it

They have experienced gigantic, unearned returns

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Sad to say, it is Generation X, now entering their 40's who made up the majority of the City traders and BTL speculators as "young entrepreneurs." A.k.a. the "Kirsty Generation" born after 1970.

It is tragic that these 30 and 40 year olds have ripped of the Millenium generation who will be paying off their speculative debt for theit entire generation.

No no, this is all wrong; it's the greedy boomers fault not Gen X!

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I would have thought grandparents would have been more than willing to help out for free, as long as it isn't costing them.

We do it for 'free', but there is a cost to us, and we are happy to pay it ................ mostly. :)

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No no, this is all wrong; it's the greedy boomers fault not Gen X!

Gen X are the "speculator generation" though. I think we on here would call them the "Kirsty Gen" as they represent all that is greedy with the "world owes me a living" attitude. The biggest bubble of them all started to form by 2003 when the Kirsty Gen was most active with Property Porn and "young entrepreneur" awards going to BTL speculators etc.

The WW2 Gen speculated in the post War boom but nowhere as much as the "Roaring 90's" Gen who were responsible for the big bust that began in 1929.

That all said, the next to worst, apart from Gen X, were the Orange Gen born just before the South Sea Bubble burst in the 1700's.

But Gen X has beaten them all or is it more accurate to say that they are the most rcent ion a very very long line of speculative greedy human beings?

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No no, this is all wrong; it's the greedy boomers fault not Gen X!

Yes, I can remember the conversations we had then, should we buy or should we not. We spent hours, if not days , (or was it weeks), discussing the moral implications of high house prices on our as yet unborn children.

:rolleyes:

and the bankers were laughing all the way to the, erm .... bank?

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Sad to say, it is Generation X, now entering their 40's who made up the majority of the City traders and BTL speculators as "young entrepreneurs." A.k.a. the "Kirsty Generation" born after 1970.

It is tragic that these 30 and 40 year olds have ripped of the Millenium generation who will be paying off their speculative debt for theit entire generation.

This is dead right. The real pwoperdee speculators are people aged 40-50 who own more than one dwelling. Just watch a few episodes of Homes Under the Hammer, the vast majority of the "investors" come from this demographic. The Boomers (born 1945-1960) are mostly older than this lot.

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I don't see why we need to keep pretending that the state pension is based on contributions anyway, it should just be universal. You get credits while you are on benefits so it's not as though it encourages you to work.

I happen to know several who have retired early ,my cousin included, for the sole reason of enabling a younger member of the family to hold down a job. Its just a bit more nit picking about nothing. More to the point is the bloody £ 25 thousand benifit limit and tens of thousands going to wasters.

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Campervanman may want to ask himself why young parents can't afford to stay at home and look after the kids themselves.

Indeed... they are too busy working to pay for the boomers' 'pensions' (ie. inflated house prices, 'my house is my pension' etc).

Edited by Traktion

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Carry on toiling at t' grindstone chaps. I've got a ticket to Antigua booked for next week. :D

Enjoying the sun in Spain athe moment home in a couple of weeks then off on a Ventura cruise In Dec ,16 days around the Caribbean then home for Xmas then back to spain again in Jan until it warms up in the Uk :P

Carry on Booming

Edited by papag

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Of course there isn't a clean break between 'generations' and being a beneficiary. But as a general rule, the earlier you became involved the more you gained effortlessly and the later you arrived the more difficult it became to avoid being a victim of it. By the time someone born in the seventies reached adulthood, we already had the young people delaying purchases and living with parents thing setting in as a steadily increasing pattern

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All this generation X, Y Z, Boomers etc does my head in frankly as i can never quite grasp the pigeon holing. For example, what am I, having been born 1968? Boomer or generation X? And my mate born 1964? dry.gif

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All this generation X, Y Z, Boomers etc does my head in frankly as i can never quite grasp the pigeon holing. For example, what am I, having been born 1968? Boomer or generation X? And my mate born 1964? dry.gif

The term "Baby Boomer" is used to identify a massive increase in births following World War II. Baby boomers are those people born worldwide between 1946 and 1964, the time frame most commonly used to define them. In 2010, that would have made them between 46 and 64 years old. There are millions of boomers in the U.K., So dont mess with us :D

Edited by papag

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Of course there isn't a clean break between 'generations' and being a beneficiary. But as a general rule, the earlier you became involved the more you gained effortlessly and the later you arrived the more difficult it became to avoid being a victim of it. By the time someone born in the seventies reached adulthood, we already had the young people delaying purchases and living with parents thing setting in as a steadily increasing pattern

How early is early?

The first big bust history records is the South Sea Bubble of the 1700's. If your great great etc. grandparent got on the ladder after that bust and sold today the returns would be stratospheric. Few could buy their own gaffs in the Georgian era as nearly all the wealth was in the hands of the "upper classes" or property-owning class (industrialists and merchants).

Trouble is the market is always in flux and people rarely hold onto investments beyond a generation (death taxes etc).

But I do agree with the earlier poster, the Gen Xers were the main culprits behind this last speculative boom--born after 1960.

I daresay the Millenium Gen will be much the same as they pile in after this current bust bottoms out in 5-7 years from now (if we are "lucky").

Bottom line: people don't chnage much from generation to generation--more a marketing gimmick than anything else. Talkin bout my gen-er-ashun.......and all that guff.

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The term "Baby Boomer" is used to identify a massive increase in births following World War II. Baby boomers are those people born worldwide between 1946 and 1964, the time frame most commonly used to define them. In 2010, that would have made them between 46 and 64 years old. There are millions of boomers in the U.K., So dont mess with us :D

:lol::lol:

Seriously, so what am I then? (born 1968) I must be Generation X.

Doh! Good old Wikipedia http://en.wikipedia.org/wiki/Generation_X

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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