please empty your brain below
It was my misfortune to be in my twenties for most of that decade. And it's now, only now, as I approach my mid thirties that there seems to be any tiny amount of financial respite. But it will still be another decade before I have a deposit for a house, and then save for a pension when exactly? Woe betide me if I need healthcare or welfare anytime soon.

Also. I never ever buy expensive Pret coffees. I don't have Netflix, or Amazon prime. My phone contract is a fiver a month. My biggest luxury is Spotify. When older generations state that we don't work hard enough, I'd love to see them try working in failing retail establishments and not even scraping a grand a month.

Sorry about using your blog for a whinge, but it was relevant to your post. I think historians will look back at the 2010s as really quite distopian. I suspect that the tide will turn and start to improve soon, for me and the planet generally.

Love your blog, as always!

Arney | 10.01.20 - 7:31 a.m. | #

That's how bad its got (correction)

Ken | 10.01.20 - 9:00 a.m. | #

To focus on the property ladder prediction...

Having lived and rented in south east London for 10 years, the affordability issue I’ve noticed isn’t in the cost of renting, it’s gone up but only by 10-15%.
The big increase has been house prices. A nice terraced house in for example zone 2 Brockley was £350,000 in 2010, a semi plausible amount to borrow on a joint income had I been at this stage ten years ago,
Skip forward ten years and the same house is £750,000, completely out of reach.

It’s an over discussed topic I know, and the prediction was entirely correct, but still... funny to see by quite how much it would get worse.

David | 10.01.20 - 12:17 p.m. | #

Austerity isn't over - despite what the government may say. It's serving them very well, thank you very much so why do anything to change it other than throwing out a few promises here and there when needed?

How can the economy grow when assets are being stripped away?
A restaurant doesn't attract more diners by continually cutting back on its staff, menu options and tables!!

And to add insult to injury we continually vote for more of the same!

Cornish Cockney | 10.01.20 - 2:05 p.m. | #











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