Gah!

Aparently it is bad that the poor, put-upon baby boomers have to help out their children.

This from Scottish widows today.

Merlin Stone, leading economist comments: “For over a decade, economists have been concerned about whether baby boomers, those born in the years immediately after the second world war and now mostly retired or entering retirement, have saved enough to fund their retirement. In general, the conclusion seems to be that they did, but now they face a financial Shirley Valentine situation, often following its physical version. For the same generation of children who came home to their parents to roost after university before departing to set up their own household are coming back with their hands out for help with the housing and furniture, car purchase and even holidays."

Well maybe if they had paid more taxes when they were accumulating their savings we wouldn't have needed student loans, and could have had grants like them.

Or possibly if they had stopped buying properites at the lower end to let we could have afforded rents - or even a deposit for our own home.

GAH!