To think that the older retired generation have it too cushy ...

(288 Posts)
suebfg Sun 30-Jun-13 21:52:57

Nice holidays, large houses now worth £££, good pensions etc. (I know I am generalising her)e.

And the young/middle aged people can't rely on an inheritance as the elderly people may have to sell their homes to pay for care. Yet the elderly people did get an inheritance and are enjoying it on their holiday spending sprees.

Latara Wed 03-Jul-13 15:43:28

My parents are 64 & 65 but they are divorced and therefore both have to carry on working despite health problems - to pay for accommodation and the bills.

cory Wed 03-Jul-13 15:53:01

One problem is that we see the cushy lives of the older generation with hindsight.

And with hindsight, WW2 came to an end, austerity came to an end and a welfare system was put in place that my FIL's generation can hardly have dream of when they got married in the 1940's. They didn't know that.

With hindsight, England climbed out of the 1980's recession, the miners' strikes passed into memory and other industries were found which provided work, employment rose again. The young who were just setting out in life didn't know that.

I got married in the early 90's. The reason we got our house cheap was the recession- which meant that countless other families were repossessed when their mortgages could no longer be paid. Things got better after that but we didn't know that was going to happen.

And we have no idea what is round the corner for the youngsters setting out today either.

Salbertina Wed 03-Jul-13 16:37:20

True, Cory but demographics have changed dramatically- vast number of people are 65+ now compared to numbers of young people to support them. Far, far fewer people survived long into retirement way back when. This trend is unsustainable and unaffordable hence the current cuts which are only going to get worse! The above we DO know, sadly,

lougle Wed 03-Jul-13 19:22:40

My Dad worked in Oil and Gas - 12 hour shifts in the desert in Egypt, or countries like Iran, Oman, Brunei, etc. Sleeping in cabins.

He had 3 months working 7 days per week, 12 hours per day, followed by 3 weeks at home. He would be regularly put at risk of radioactive isotopes and once had to be flown home for testing because someone took a cap off a canister that they shouldn't.

Job security was abysmal. Contracts offered by word of mouth and by phone with no notice at all - take it, or we move on to the next guy.

Once back in the UK, he was regularly made redundant, as job after job collapsed. He was in a critical role (quality assurance) and could sink any remaining assets if he so chose, so he was told his job was gone and escorted from the office within 30 minutes.

I remember Dad taking a phone call after a long period of unemployment. He was offered a job which would mean that we would have less money than on income support. He took the job because he wanted to work.

The 70s/80s were not the 'heyday' that people speak of, for everyone.

CleverlyConcealed Wed 03-Jul-13 19:36:00

The 'older, retired generation' could be anything from 55 to folk in their 80s and 90s and there's a massive difference in how they are living.

You needed to be more specific in your rant OP.

storynanny Wed 03-Jul-13 22:42:07

"yet the elderly did get an inheritance"
not sure how many of the "older" generation inherited property or much money. Renting was the way most working class people lived pre war.
My parents are in their 80's, live comfortably but definitely didn't inherit money.
Inheritance is not a right. I don't expect to inherit from them as their hard earned money will pay for their care as they age. I don't expect to have much for my children to inherit and they don't expect it.
Just try your best to enjoy every day, those elderly people have earned the right to do what they please with their money.

thegreylady Wed 03-Jul-13 23:56:45

My parents didn't leave an inheritance. They were council house tenants from 1950 until Mum died in 1993. My dad was an invalid from 1955 until his death in 1990 (MS). Mum had two jobs, she worked in a factory canteen all week and on a market stall at weekends. I was an only child so never really knew hardship though many did in the pit village where I lived. I am 69 now and dh is 77, we are both grammar school educated. I think university fees were a big mistake as was abolishing grammar schools. I also agree that many of today's young people will never have the security that we have, however I feel YABU to resent what can't be helped.

McGeeDiNozzo Thu 04-Jul-13 05:50:58

It's not true that the older generation have it too cushy. But some of them do make assumptions about job-hunting and house-hunting that are, to put it mildly, fanciful.

The real problem is that artificial house price inflation has hugely outstripped wage inflation. That's not the boomers' fault, although some of them have been terribly lucky to have benefited from it.

Badvoc Thu 04-Jul-13 08:28:38

My parents weren't left anything...other than my GM with Parkinson's to care for along with 3 young children.
They still live in council accommodation and therefore my siblings and I will get no inheritance. I would far rather my parents spend their money and enjoy themselves now.
My pils are comfortable and own their own home but they could both easily live for another 20 years and so any inheritance will be used for care I imagine.
I am not expecting anything from anyone.

LessMissAbs Thu 04-Jul-13 13:29:06

I'm always surprised to hear that people used to expect jobs for life. I know so many people whove been made redundant, and not just once. so when I hear of men who were made redundant in the eighties as relatively young healthy men from traditional industries, I find it hard to concieve that some of them never worked again, and that some of them saw not wanting to move to another area a valid reason not to work.

I think the workplace is so different now. Did they have so much performance assessment then? I've got friends who were pushed out of their jobs, even though they did nothing wrong, because they weren't percieved as high flyers. You're on shaky ground now in a lot of jobs if you think you can get away with just working 9 - 5.

ARealDame Thu 04-Jul-13 15:12:03

Oh yes, they have it cushy. If they managed to keep a reasonably paid job, and buy a home, they're laughing.

Its just an historical blip, due to post-war boom.

I don't resent them for it, exactly. As a result, many "ordinary" people had comfortable lives and old-age, perhaps for the first time in history.

But sometimes it does feel wrong, compared to other groups. I'm not sure they're all that generous in return, which is the main question for me. Are they?

allmycats Thu 04-Jul-13 16:17:33

My father, who worked in a nationalised industry just does not understand that when your child is of a working age you cannot take them down to work with you, speak to the manager who will start them next week and then they will have a job for life.
he thinks that if you want a council house you put your name down when you are about to be married and by the time your wedding comes about you have been offered a flat/house - which you will then keep until you die.
He thinks 'it is all talk' and even when he sees his own grandchildren struggling to get work.
he was of a generation that left school, worked where their dad worked and then did national service, came out, went back to their previous employment and just carried on as if nothing had happened. he also cannot understand why people who work 'night shifts' don't do a bit of work on the side on the side during those days cos in his day 1/2 of them slept whilst them others watched out for them and the next turn around they returned the favour !

MaybeBentley Thu 04-Jul-13 18:28:14

Anything my parents have will go on care home fees. They will end up in the same local care home (hopefully) as someone without a £250,000 house to sell to pay for it, so no luxury care home. They worked hard all their lives and should enjoy their home and a little travel while they can, as soon (already) they are too dependent to do it. If you begrudge hem that I am really disappointed at your attitude to others.

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