Working class or “class” in general has been transformed. Socio-economic status, profession and cultural alignment have become segmented over the past 50 to 100 years. Also, back then some working class people managed to purchase a home, particularly under Thatcher.
@hannah60000 Ridiculous. She said her family owed multiple homes. Not one. No "working class" family now or back then could afford that. She, like many "middle class" white people, is just in laughable denial. It's a very white British thing to claim "working class" status when you own multiple properties.
Some fantastic stuff here. Some wonderfully honest findings and insight. The politicians of the major parties can pull some levers to help combat this but will only consider it when its politically and individually advantageous to do so. Right now the big end of town owns the pollies and therein lies the problem in pulling certain levers and achieving solutions.
Its true of course. But it has always been so. Always. I’m probably 30 years older than these women, and though I got nothing from my parents I’ve done alright. But some of my peers have done much better, thanks to their parents money. Nothing changes.
I don't think so mate. 30 years ago my uncle worked part time at a supermarket and did odd jobs. Bought a three bedroom house and paid off the mortgage. You think someone could do that now? Relative value of wages has plummeted. If you inherit wealth or property now when you're young it's much more of a boost
@JB-sv2uc yes it's more of a boost. But why should you tax people more. We get taxed too much. 1 million people come here to the UK every year. Has it ever crossed your mind what huge demand on housing that is? Pushing prices up.
@@Carl-yz7ym didn't say you should tax people more. Uncontrolled mass immigration no doubt makes housing prices higher. Previous generations have just kicked the can down the road and we're paying the price
@JB-sv2uc fair play. "Closing the loop holes" and taxing more people at a lower percent. Mainly won't effect most people however with the current climate it won't be long till it will effect every home owner.
@@JB-sv2uc Well I bought 20 years ago. A Phd biochemist and a solicitor. Ate beans for 2 years. Don’t know where you live or what your uncles ‘side jobs’ were but fuck me they must have been lucrative! 😂😂😂😂
So interesting to watch as a baby boomer. Every generation has its struggles, but it is definitely becoming more nuanced.A like for like ambitious and intelligent person has always been able to achieve more with the help of their parents/private education. The gap is widening and I do worry that the state system of pay as you go state support will become less affordable. The current government are being disingenuous in saying that the state pension is a benefit. My generation paid its way and has a right to see that agreement fulfilled, the same as yours. Fundamentally politicians are letting us down.
I agree with you on the whole, but it's not really disingenuous, it's fact. There's never been a pot that people were paying into for their own futures, it was always going straight to the current pensioners. When you were paying in, you were supporting pensioners then. Whoever's paying in now is supporting pensioners now. And there's a lot less young people than there is older people, a problem that is increasing beyond sustainability as baby boomers reach retirment and birth rates continue to drop. It would be morally wrong, not to mention political suicide, to not fulfil the agreement, like you say, but it doesn't change the fact that it's getting increasingly difficult to do.
I disagree with this. I'm from a working class background (left a rough state school at 16 when I developed a serious illness) and worked my way up into a high paid job. I've met people who attended private school and ended up on benefits in their 20s and 30s
Sorry but this is a very shallow analysis as it makes no mention of the significant impact on the increased cost of housing brought about by low interest rates and how this pushes up the cost of housing as well as enormous levels of immigration to the UK over the last say 25 years; obviously if you allow millions of people into a country, this suppresses wage growth and creates huge demand for housing ergo a perfect storm that has created the housing crisis we now experience. If the policies that led to this continues (and this looks likely) then expect things to get much worse. And btw, isn’t it nice that this woman doesn’t (yet) think older people with a spare bedroom, should be forced out of their life long homes.
Immigration to Britain causes a net deficit of around £80billion every year, yet no one wants to discuss that side of it. We are literally bankrupting ourselves just to house millions of people who put virtually nothing into our economy yet take a hell of a lot out of it.
Poor girl thinks shes 'working class' because she had to go to university to get her career rather than rely on the former middle class nepotism they have enjoyed for decades
As a 24 year old I found this an interesting watch but also a very difficult watch. I feel as although I may be in a minority I would like to consider myself to be doing well financially. I have not had to rely on 'the bank of mum and dad' nor benefitted from it to the point where I believe it to have made a significant difference. I believe what has made the biggest impact is the fact that I started working from a very young age and I was also taught how to save money as well as save it in the right places to make the most out of it. I would also like to consider myself as between fairly and very disciplined when it comes to spending depending on the circumstances. Please note, I do not wish to offend anyone with what I have written in any way and if I can in some way help someone in the way this channel is now also helping me I would love to elaborate. However I do feel that I am unlikely to find my generation and those younger than me to be watching videos and channels such as this due to the fact that from my experiences a lot of them really don't care as they tend to think more about the 'now' rather than the future. Anyway that's enough rambling on from me...
Yeah these people who loaded themselves up with debt going to uni forever are the ones struggling for sure. I started working at 16 and I'm sitting in my 3 bed semi right now at 28.
@K_aa_i spot on. It is an interesting topic, however, they managed to make it a difficult watch. This video/book has somewhat of a left leaning politically ideology sway in it. You just can't escape this bs nowadays.
I was thinking the exact same. They're more than happy to tax us. Families working hard for generations, investing in property, the stresses with it, being taxed at work, and mortgage interests. And they want you to carry on paying even more tax. Truly horrible
Not all. My parents are boomers and I paid my own deposit in full. My parents brought me up to not expect handouts, so I did loads of overtime for years.
Did I hear that right . If you have spare bedrooms in your beloved home. You know The home you worked hard for. Memories of family. This lady wants you to down size home if you have a spare room. What gives her the right saying that. What if your child may return home due to untold factors. This comes across like an attack against home owners.
I didn't get that necessarily from this conversation. But maybe there should be incentives for people who downsize to start freeing up the family sized homes that are needed for younger people? Maybe no stamp duty for going from 4 bedrooms to 2 bedrooms?
The whole equal outcome isn't the way to go. Sounds like far left politics. I know let's increase the range of inheritance tax. So more people have to pay tax.
@@fbaallied no it wouldn't. Poor people are poor even if they earned £100,000 a year. It's a mindset of living for the now rather than saving for the future.
How can you claim your parents were working class when your mum owned a 5 bed house and got a second house 😂😂😂😂 on what planet is that working class.
😂😂😂well said 🎉🎉
It's a trend to say your working glass , just like most of the MP's , the mayor..
All full of crap 🤦🏽♂️🤦🏽♂️🤦🏽♂️🤦🏽♂️🤦🏽♂️🤦🏽♂️🤐
She's clearly in denial 😂
@lawrencer25 A lot of white ppl say this
Working class or “class” in general has been transformed.
Socio-economic status, profession and cultural alignment have become segmented over the past 50 to 100 years.
Also, back then some working class people managed to purchase a home, particularly under Thatcher.
@hannah60000 Ridiculous. She said her family owed multiple homes. Not one. No "working class" family now or back then could afford that.
She, like many "middle class" white people, is just in laughable denial.
It's a very white British thing to claim "working class" status when you own multiple properties.
Some fantastic stuff here. Some wonderfully honest findings and insight. The politicians of the major parties can pull some levers to help combat this but will only consider it when its politically and individually advantageous to do so. Right now the big end of town owns the pollies and therein lies the problem in pulling certain levers and achieving solutions.
Its true of course. But it has always been so. Always. I’m probably 30 years older than these women, and though I got nothing from my parents I’ve done alright. But some of my peers have done much better, thanks to their parents money. Nothing changes.
I don't think so mate. 30 years ago my uncle worked part time at a supermarket and did odd jobs. Bought a three bedroom house and paid off the mortgage. You think someone could do that now? Relative value of wages has plummeted. If you inherit wealth or property now when you're young it's much more of a boost
@JB-sv2uc yes it's more of a boost. But why should you tax people more. We get taxed too much.
1 million people come here to the UK every year.
Has it ever crossed your mind what huge demand on housing that is? Pushing prices up.
@@Carl-yz7ym didn't say you should tax people more. Uncontrolled mass immigration no doubt makes housing prices higher. Previous generations have just kicked the can down the road and we're paying the price
@JB-sv2uc fair play. "Closing the loop holes" and taxing more people at a lower percent. Mainly won't effect most people however with the current climate it won't be long till it will effect every home owner.
@@JB-sv2uc Well I bought 20 years ago. A Phd biochemist and a solicitor. Ate beans for 2 years. Don’t know where you live or what your uncles ‘side jobs’ were but fuck me they must have been lucrative! 😂😂😂😂
So interesting to watch as a baby boomer. Every generation has its struggles, but it is definitely becoming more nuanced.A like for like ambitious and intelligent person has always been able to achieve more with the help of their parents/private education. The gap is widening and I do worry that the state system of pay as you go state support will become less affordable. The current government are being disingenuous in saying that the state pension is a benefit. My generation paid its way and has a right to see that agreement fulfilled, the same as yours. Fundamentally politicians are letting us down.
I agree with you on the whole, but it's not really disingenuous, it's fact. There's never been a pot that people were paying into for their own futures, it was always going straight to the current pensioners. When you were paying in, you were supporting pensioners then. Whoever's paying in now is supporting pensioners now. And there's a lot less young people than there is older people, a problem that is increasing beyond sustainability as baby boomers reach retirment and birth rates continue to drop. It would be morally wrong, not to mention political suicide, to not fulfil the agreement, like you say, but it doesn't change the fact that it's getting increasingly difficult to do.
That microphone upgrade is just what was needed 👍
I disagree with this. I'm from a working class background (left a rough state school at 16 when I developed a serious illness) and worked my way up into a high paid job.
I've met people who attended private school and ended up on benefits in their 20s and 30s
Fantastic video, going to have to look for that book
A very smart saying - Better to give with a warm hand than a cold hand.
This is such an important topic because it show cases the reality of our system
Sorry but this is a very shallow analysis as it makes no mention of the significant impact on the increased cost of housing brought about by low interest rates and how this pushes up the cost of housing as well as enormous levels of immigration to the UK over the last say 25 years; obviously if you allow millions of people into a country, this suppresses wage growth and creates huge demand for housing ergo a perfect storm that has created the housing crisis we now experience. If the policies that led to this continues (and this looks likely) then expect things to get much worse. And btw, isn’t it nice that this woman doesn’t (yet) think older people with a spare bedroom, should be forced out of their life long homes.
Immigration to Britain causes a net deficit of around £80billion every year, yet no one wants to discuss that side of it. We are literally bankrupting ourselves just to house millions of people who put virtually nothing into our economy yet take a hell of a lot out of it.
Poor girl thinks shes 'working class' because she had to go to university to get her career rather than rely on the former middle class nepotism they have enjoyed for decades
As a 24 year old I found this an interesting watch but also a very difficult watch. I feel as although I may be in a minority I would like to consider myself to be doing well financially. I have not had to rely on 'the bank of mum and dad' nor benefitted from it to the point where I believe it to have made a significant difference. I believe what has made the biggest impact is the fact that I started working from a very young age and I was also taught how to save money as well as save it in the right places to make the most out of it. I would also like to consider myself as between fairly and very disciplined when it comes to spending depending on the circumstances. Please note, I do not wish to offend anyone with what I have written in any way and if I can in some way help someone in the way this channel is now also helping me I would love to elaborate. However I do feel that I am unlikely to find my generation and those younger than me to be watching videos and channels such as this due to the fact that from my experiences a lot of them really don't care as they tend to think more about the 'now' rather than the future. Anyway that's enough rambling on from me...
Yeah these people who loaded themselves up with debt going to uni forever are the ones struggling for sure. I started working at 16 and I'm sitting in my 3 bed semi right now at 28.
@K_aa_i spot on.
It is an interesting topic, however, they managed to make it a difficult watch.
This video/book has somewhat of a left leaning politically ideology sway in it.
You just can't escape this bs nowadays.
@@Carl-yz7ym It's doesn't matter how hard someone works to get ahead. The left really hates anyone getting a few rungs up the ladder on them.
Having my parents die, and then hopefully getting an inheritance, is the only chance I’ve got at any kind of success.
Why has this channel suddenly gone political 🤮🤮🤮
I only watch Andy's videos
I was thinking the exact same.
They're more than happy to tax us.
Families working hard for generations, investing in property, the stresses with it, being taxed at work, and mortgage interests. And they want you to carry on paying even more tax.
Truly horrible
Because everthing is political, money inherently so. You can't honestly discuss money without the impact policy has on it.
Socialists, sir.
@@100uo champagne socialist.
👀
Boomers giving their kids £100k deposits.
Not all. My parents are boomers and I paid my own deposit in full.
My parents brought me up to not expect handouts, so I did loads of overtime for years.
Did I hear that right . If you have spare bedrooms in your beloved home. You know The home you worked hard for. Memories of family. This lady wants you to down size home if you have a spare room.
What gives her the right saying that.
What if your child may return home due to untold factors.
This comes across like an attack against home owners.
I didn't get that necessarily from this conversation. But maybe there should be incentives for people who downsize to start freeing up the family sized homes that are needed for younger people? Maybe no stamp duty for going from 4 bedrooms to 2 bedrooms?
Solution? Universal Basic Income, perhaps?
Not really. The issue is access to more capital than others. UBI wouldn’t fix that.
@@hannah60000 It certainly would address the underlying problem. Access to capital.
The whole equal outcome isn't the way to go. Sounds like far left politics.
I know let's increase the range of inheritance tax. So more people have to pay tax.
@@fbaallied no it wouldn't. Poor people are poor even if they earned £100,000 a year. It's a mindset of living for the now rather than saving for the future.
@LawrenceTimme Stupid. If you get 500 in the bank every month, what do you think is gonna happen?