[Ammi]

Originally Posted by Twosugars

what assets? 25% ownership of a poky flat or mountain of student debt?
all curtesy of the older selfish generations who went to university for free and now sit pretty in their ever-increasing- in-value houses and enjoy their secure pensions

..that’s not true for many though, Twosugars...the ‘secure pensions’...I think the older generation now, as in the middle generation would be more accurate...will be a ‘new generation’ of less secure pensions...and that I think will progress or regress through younger and future generations...of my peers, there are many, many whose pensions remain uncertain...many pensions were ‘promised’ and felt to be secured...?...but the reality is quite different as the years have passed and pension companies have not been able to ‘fulfill’...then there are females of my generation who had choices ...a career or a full time parent..?...for those who chose full time parenting and then maybe went back to work part time as time progressed...’short falls’ in pensions are now having to be addressed by many...so now working full time at much older ages and large proportion of income going straight into a pension....

...anyways...just a few musings...when my dad died, my mum was fine in terms of finances...he balanced his ‘luxuries’ in life and material things in life with ensuring her financial security, should she lose him first etc...the same with my father in law...that was something that was more possible in the pensions ‘back in the day’ of my parent’s generation....for companies to ensure reasonable pensions for their employees...it was more ‘typical’...for my generation, it’s less ‘typical’...I do know a few people who have been able to secure a great pension in their retirement and have even opted for ‘early retirement’, but that I think is more ‘unique’ and exceptional to the ‘rule’...for the next generation, the younger generation...I just don’t know how a reasonable pension through a working life and employment will be possible...their thoughts will have to be more investment, type things..and then only if there is spare income to invest...spare income is always hard for younger people when they have still yet to ‘climb’ so much in all areas of their lives...there really just isn’t any sense of ‘entitlement’ there at all in my opinion, other than specific individual personalities, probably...but not as a ‘generalisation’ thing...what there is, is a huge struggle to secure ‘future’......my experience of younger people is of frustration and of ‘hopelessness’, sadly ...in many cases anyway, far too many to feel the younger generation could be termed as feeling ‘entitled’....