better or worse off

mariaalice wrote: »

if you are young, don't have any kids do you think you will be able to afford the same life style as you parents....got thinking about this when i read an article about parents still helping ( financially ) children that aren in there mid to late twenties......caused by the fact that it's getting harder and more competitive to establish a well paying career..

if you looked at you parents they may have got married in there twenties and brought a house and had a family and even people in ordinary jobs were able to do this ..a fitter in a factory...low ranking civil servant...hairdresser....

There is a fantastic video lecture from the US comparing disposable income since the 1960s. I can't find it!

But, the percentage of actual income spent on debt servicing has skyrocketed (mortgages included). There has been a drop in clothing, and food to replace this.

Furthermore, you now need two incomes to maintain what would have been middle class income in the 1970s. The ultimate end is a dual society with a large amount of state dependent welfare recipients (like much of Ireland in 18-24 months time) and a small amount of people "up above" in charge. Sucking money from middle classes is the objective of all business, and the banks have been working overtime over the past 30 years to do this.