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I used to think the same as you, but the gap imho’s become obscene. Money has always made money, but it’s taken off exponentially. A couple with a valuable house and say an flat or two they retained before a couple, can easily be sitting on £2.5m of assets. Purely through the luck in asset...

Coincidentally, I was explaining the injustice of the student loan system to my parents earlier. We know a family sitting on £2.5m of properties, the parents on fantastic pensions for life (one final salary). Completely legitimately they've been able to tailor their household income to less...

I know, it’s a cultural thing and governments/banks made lending fraught. The wealthiest 45% of Germans home own, the wealthiest 50% of French do. Wealthy Germans and French have seen their wealth and relative wealth grow exponentially since Feb 20, there’s a lot pf data out there. Huge...

On a day trip just now. Will endeavour to get my head round that at home :) . Late to the party, I’ve only just cottoned onto the fact that the vast majority of wealth in the UK (and France, Germany, Switzerland) is owned by 20% of households. Generally not built on endeavour or passing...

:bowdown:

The wealthiest 10% of UK households have a net worth of at least £3m, an average 20% of which is in non-pension investments. That’s 2.8m households, mostly in London and the South East.

I think most people haven’t a clue what’s going on in this country. There’s a very wealthy (all assets considered) middle class of possibly millions, toying with their BTL’s and/or vast sums in SIPP’s/ISA’s.

This really does happen, all my wealthy associates paid off their kids loans mid 20’s. Why: - Because they’re rich. - Their loved ones don’t then suffer 9% deductions from their London salaries as solicitors or surveyors. - They have a clean financial slate when taking out £400k mortgages on...

I’m all for enterprise, graft. But much of this wealth stems purely from luck. Granny dies, the one or two kids inherit £750,000. Buying a buy to let or two, giving Freddie or Lottie a £125,000 deposit on a home and paying off their student loan. Rinse and repeat as the eldest pass away...

Economically/fiscally I’ve never been a socialist, hard to pin down, but probably centre right and wanting a decent safety net for the vulnerable etc. But surprising myself, I minded that something needs to change. The UK is increasingly haves and have-nots. The haves go way beyond a few...

You’ll find this is getting worse and more than you may know. There’s a prevalent thing now of wealthy middle class grandparents pumping in steady large sums into their grandkids newly arranged SIPP’s, LISA’s and ISA’s. Not necessarily multi millionaires, the levels below that. Set fair...

Pocket money was stopped for me when I was 11. We were comfortable for money, but my ww2 childhood Dad was old school tough on stuff. I survived financially with walking 2 miles to school, saving the bus fare and dinner money from Dad. It was amazing how far that could go back then. I was a...

I was talking literally about jobs as kids age 12 to 15. It gives no indication on graft/success as an adult imho. Often only doing it through bullying or tight fisted parents. It can lead to studies being disrupted, kids need sleep and rest, something has to give. But I do agree about...

I started paying £25 a week in 1986, when every one of mates paid just £7. My Dad resented the high food intake and essentially was trying to not-so-subtly ease us out. Quite old school harsh about stuff, he kind of regrets it now. I’ve only charged one of our offspring so far, the eldest who...