Rant on
To follow up on theDude, there is intergenerational conflict starting up.
FSA reports today that 18-40 year olds are in financial crisis
http://money.guardian.co.uk/news_/st...741079,00.html
The boomers don't know how easy they got it. Final salary pensions, free university education, massive house price inflation. Too selfish to have enough children to support/ replace themselves, but hey, that is what immigration is for isn't it? God forbid the NHS may be short of low paid staff, just import them, and leave the next generation to deal with the societal changes. FSP too expensive? Shut it to new joiners. Worried about pension? Buy up lots of houses and rent them out, pricing them out of reach of first time buyers. Govt pensions under stress? Raise retirement age for the young, raise council taxes.
I support your right to fight for what you were promised in BA/ fire service/ police force/ whatever 25 years ago. But, yes, it is coming at the expense of others following you, and we are seeing an odd redistribution of wealth from the young to the middle aged.
Not sure how long it can go on for. Already 1/3 new mortgagees are using interest only to be able to afford to buy, and are relying on their inheritance to pay off the mortgage. Well, that is if their parents don't spend it all on residential homes!
Rant over