My Generation Is Screwed

This article is depressing. Research has revealed that today’s twenty-somethings need to earn double the average wage for people my age in order to enjoy the same lifestyle our parents had at our age.

Here’s the key point from the article:

“One of the biggest problems for twenty-somethings is the enormous cost of buying a property.

A couple who married in 1985 could have picked up a home for just £35,000 – the average price at the time and four times the average salary. A child born to the couple two years later would now be 24 and need to find £163,000 for an average house – eight times the average salary.

In many instances that house or flat will be smaller than those their parents bought.

To make matters worse, the study shows that a university education, free for their parents, would have left the younger generation with debts averaging £11,500. Taken together the financial pressures can make it all but impossible to buy a house or have a child.”

Well, that’s cheered me right up.

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About elentari86

Apparently blogs need to cover a certain niche in order to attract readers. My aim is not to attract readers. I don't deny it would be nice not to just be spouting to myself, but the reason I set this blog up was to give myself somewhere to write down my thoughts. If anyone reads them, that's a bonus. This blog will cover a mix of things - anything that comes to mind that I want to write about. I make no promises about how often I will publish new content.
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One Response to My Generation Is Screwed

  1. Pingback: Stages Of Adulthod – The Odyssey Stage | Jumbled Contents Of My Head

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