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  1. Weststander

    The Under 30's generation.

    I’m not against it, we’ll benefit too from Mrs.W. The private sector should’ve been compelled to make mandatory, substantial pension contributions (employers and employees) decades back. Gradually phased in, to make it doable. Missed by every government. The brilliant Ros Altmann, THE...
  2. Weststander

    The Under 30's generation.

    Similar pension schemes run for new entrants, the ‘sort out’ was resolved with unions at career average pension levels rather than final salary levels, with the NHS minimum retirement age moving from 50 to 55, teachers from 55 to 57. Teachers - someone on £28k to £38k, puts in 8.6% as their...
  3. Weststander

    The Under 30's generation.

    There are still exceptions. In my extended family there are teachers and headteachers. Retiring in their 50's, some much younger ones on track to do that, it's their plan too. All due to the amazing pension scheme, which they significantly contribute to. My sister in a law was a young...
  4. Weststander

    The Under 30's generation.

    Germany, yet again, have this nailed. A far lower percentage of 18 to 22’s take purely academic degrees, a far greater percentage take highly skilled apprenticeships in real world trades including tertiary level education to dovetail the trade learning. Low and behold, they produce high...
  5. Weststander

    The Under 30's generation.

    To that it’s vital to add in interest rates, and therefore interest repayment levels. 1970’s mortgage rates averaged 11%, peaking at 17% (peaking even higher than our ‘friend’s’ in 1992). Mortgage interest rates tomorrow of 11% would bankrupt countless millions. Balanced against that, as you...
  6. Weststander

    The Under 30's generation.

    Exactly. I’ve been party to discussions between BHCC or SDNP, where non profit making housing associations have been trying to do exactly that. The planning authorities, councillors and nimbies still create near insurmountable obstacles, nimbies with councillors in the pocket (votes) fight...
  7. Weststander

    The Under 30's generation.

    I remember it being hard to get a mortgage in the 70’s due to state Credit Controls. I sat next to my Dad at the Leicester Building Society in Duke Street, circa 1977, when it took my Dad an entire morning meeting to try to persuade the manager to consider lending to him. Bank and building...
  8. Weststander

    The Under 30's generation.

    BBC: Website articles describe the Equal Pay 1970 as very significant and appear to view as a good thing that mothers work in a far more gender equal society. Before our time, husbands wanted to be the breadwinner with their spouses doing alldomestic and parenting duties. Perhaps there are...
  9. Weststander

    The Under 30's generation.

    I was at school in the 70’s/early 80’s. My mum was always a ‘homemaker’. But literally every other mum of mates and relatives worked full or part time to make ends meet and get out of the house for their wellbeing. Nationally it crossed the 50% mark in 1975.
  10. Weststander

    The Under 30's generation.

    That @US stuff was bizarre. A good bloke imo, some nsc bitches targeted him. Made me like him all the more.
  11. Weststander

    The Under 30's generation.

    Is he :fishing:?
  12. Weststander

    The Under 30's generation.

    Money makes money is old saying across the globe, but it’s very relevant now in the West and China. To give examples I’ve seen in recent years. Wealthy Dad gifted his son £300k as a deposit to buy a £750k flat in a lovely part of London. The 20-something year son’s a professional on great...
  13. Weststander

    The Under 30's generation.

    It’s not mortgage repayments that are screwing those ‘lucky’ enough to own homes. All non-rich folk in the 60’s and 70’s spent the vast majority of their net pay on housing and grocery costs. There’s data that proves this. Overseas holidays a dream for most, meals out a rarity. A Bernie Inn...

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