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Saturday, June 10, 2006

In the UK: media depiction unfair, Gen Y "struggling"

"Baby boomers (those over 50) own four-fifths of the nation’s wealth, with pensioners alone having assets of £500 billion. Most people’s parents are probably living in a house with a large amount of equity because of its rise in value over the years. Whereas the number of first-time buyers has fallen by a third since 1999, as the cost of the average house has increased from £96,000 to £184,000.

All this points to one thing: we are living in a topsy-turvy world. The baby boomers can afford to make themselves feel young, while Generation Y are getting old before their time."

"We're Not Having Fun in Generation Y, We're Struggling"
The Sunday Times (UK)

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