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Children Destined To Be Poorer Than Their Parents

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Boomer bashing article

Remember the future? The future was always a better place, in which one’s children could look forward to better education, higher incomes and better homes. They would have more money to spend on luxuries, take more holidays and at the end of it all enjoy a longer and more secure retirement. Unfortunately, the future ain’t what it used to be.
There are short- to medium-term factors, such as fewer jobs as a result of cuts in the public sector, but longer-term, structural factors, too. The end of heavily subsidised university education is likely to be a permanent fact of life, combined with a housing market in which prices continue to bear no relation to average earnings.

And then there is the burden, not yet realised, of all those ageing baby boomers 12 million of them. Over the next 18 years the majority will retire, placing a huge burden on those who come after them unless there is a reappraisal of how the country pays for old age.

Nothing new, we knew all this stuff already.

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  • 439 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% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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