Once again the young generation of our country are revealed as the worst affected by economic cuts and unemployment. And yet, in the same week, further reports suggest that pensioners are prospering more than ever before.
It would be fair to say there is just a slight disparity in this generation gap.
Whilst I think that pensioners deserve to be taken care of by the state and live comfortably after years of work, I can’t help but think that this is somewhat at the expense of the younger generation – whom will inevitably prop up and provide for the aging population in years to come.
A fundamental difference between the older and younger generation is housing. Many pensioners are home-owners, whereas it is near impossible for young people to even get onto the housing ladder. If they can secure a mortgage, they still need a 10% deposit – which is impossible to fund alongside market rent. Therefore in order to combat these costs, many young people are forced to live at home – the ‘Boomerang Generation’.
I am part of the ‘Boomerang Generation’. Now a graduate, looking for full time employment, my main priority is finding a job and that just isn’t compatible with moving out.
So whilst the older generation enjoy luxuries such as paid TV licences and bus passes – which many do not need – the younger generation are facing a bleak outlook; rising student debt, housing costs and unemployment. Those under 24 are even exempt from the rise in the national living wage – as if we didn’t have it bad enough.
Help the ageing, yes. But don’t forget about us too.