Do the Millennials moan too much?

Well, the only article I can find in the DM is one about the difference in incomes of pensioners now and 13 years ago. Nothing about 'moaning millennials'.

Rigby46 "And yes, the poorest ones do and the richest pensioners should be grateful at how well off they are"

The rich are usually grateful. Grateful to have worked hard and saved well, maybe a little luck added.

I can only speak from my own experience, think things are more difficult for them than they were for me.
There is uncertainty about retirement ages, job insecurity, little or no interest on savings, need I go on.
I think their expectations are higher and credit has become a way of life.

But we're not talking about how difficult or not we had it. That's the point.

It's about income now.

And I must say if the average working income is £26,000 plus, they certainly don't need to be moaning about my pension!

Point being they have to work every day for that average income, it's not a pensioner's "sleep late and putter day" is it? I understand the frustration of the young moaners.

Average working income doesn't really mean anything does it in bald terms? Nor does average pension income.

Well I don't know about you Araabra but I worked full time from the age of 17 or thereabouts until I retired at 64 - sorry, should I still be working now so the moaners won't be frustrated?

I don't get the argument at all..

Your days may consist of sleeping late and puttering but I'd bet many on here are up and helping families - investing time/care /cash as needed.
But putter on and enjoy yourself!

My millennials struggle every now and then but then when I was their age so did I !

They want everything , brand new and they want it now.

I don't think it's possible for there to be a straightforward comparison. Times and expectations have changed.

We're not rich but what we have we worked damn hard for.

Ana "Well I don't know about you Araabra but I worked full time from the age of 17 or thereabouts until I retired at 64 - sorry, should I still be working now so the moaners won't be frustrated?"

Of course not, but empathy with their plight would be nice.

What 'plight'?

Well I will get the full pension About £8000 a year, my husband will only get about £5500 as he opted out of serps. That's £13000. We will have About another £12000 because we payed onto a pension fund and did without a few of life's luxuries. Not one that was supported by an employer unfortunately. That means around £25000.
My nephews are all on around £40000, my nieces on £60000.
So, they have more money than us BUT they travel, holiday, have nice cars ect. We didn't and still don't have the lifestyle that they do. So who is hard up?
There are a lot of younger people who haven't had the luck or maybe the qualifications to earn anything other than the minimum wage and are , perhaps , on zero hours contracts, they are the ones I feel sorry for.

Expensive housing, food, cars. Low wages. Lack of savings and reliable pensions.

As a widow my mortgage is paid off, but my income is below the national minimum wage, so I'm sure younger working people have a higher income than me. No-one says young people have it easy, but nor do most pensioners.

Exactly GrandmaMoira, I'm in the same position (except that unfortunately I still have a small mortgage to pay off).

My daughter is a single parent to two girls, she works full time and pays the mortgage herself since partner left.

She certainly doesn't moan about pensioners being 'better off' than she is - too busy getting on with life.

On GN we must cover a huge range of ages, incomes and wealth. Our children/family members/ friends equally so. I know that my financial situation says nothing about the financial situation of anyone else on here. if I take my peers ( a few years either side of my age) their situations vary enormously but the best off owe it all to family wealth going back at least to grandparents.

Rigby46 "situations vary enormously but the best off owe it all to family wealth going back at least to grandparents."

Do you think? I believe it hard work and good luck.

Socially I am surrounded by wealthy pensioners. They have absolutely no perception that I cannot afford coffees and treats when out. They live in a parallel universe. Or perhaps it's me who does? ?

My particular millennials aren't moaning - they haven't any "plight" that I'm aware of either! Working hard and doing okay, like most of their friends. Which is not to say that some aren't doing very well indeed and others aren't struggling, at both ends of the age spectrum and right down the middle. Generalisations are never helpful. Nor is pitting one group in society against another. At least the so-called generational divide has taken the heat off the private vs public sector debate.

If you do Isabella then you aren't alone, I'm right there with you.
I'm only just managing on my state pension plus a very small private pension, under the tax threshold. Can't afford to go on holiday or go out much, just an occasional cheap lunch! (We only have starters) ?

Are we talking disposable income here or average incomes? Have they looked at the incomes across families or across the spectrum in general?

Disposable income will possibly be greater for pensioners because many will have paid off their mortgages, will not have the outgoings involved in going out to work, children (what is the average cost of bringing up a child these days?) etc.

So, relatively speaking, a pensioner couple with an income of £27,600 will feel better off and be able to afford more luxuries than the same couple bringing up children, travelling to work etc.

Our joint income is not as much as that of any of our children, not all of whom are millennials, a couple of them are slightly older. They struggled at first, as we did, but none of us thought that we should start at the top of the tree, or even halfway up for that matter.

I agree that there may be some very wealthy pensioners out there and I am wondering if they took the value of houses into account too as some houses in the SE in particular are very valuable - and unaffordable for most millennials although I do know more than one or two who are buying in the region. But it is a paper value unless you want to move or are able to downsize.

Another 'Baby Boomers stole the Family Silver' report.

I don't know Izabella but when I go out I always see a large number of young families, or just mums out together with their little ones in cafes having coffee and chatting.

And why not, I think, just because I could never afford to eat out I don't begrudge them.

We've never had any 'family wealth', in fact no inheritances to speak of, but I do have friends who have inherited houses from their DP.

Ara - I'm talking about my close friends who are very wealthy - I know for an absolute certainty that they did not work for it and were just fortunate in either who they married or who their grandparents were.

I'm not judging this - just stating a fact