By in Personal

Millennials

A millennial is defined as anyone born between 1981 and 1997, we are also known as 'Generation Y'. Generation X is considered to consist of anyone born between the early 60's and the late 70's.

I hate the term 'millennial' and I certainly am not one, mind you apparently members of generation Y rarely identify with the term. No wonder really when everyone just uses it in a negative way. 'these millennials are afraid of hard work' 'millennials have a sense of entitlement' I could go on and on. The truth of the matter is that we simply do not have the same opportunities as members of Generation X had.

Don't get me wrong, there are many things about the modern world that are much better now than when my mother was my age, however lots of things are also so much worse, particularly when it comes to opportunity.

House prices have risen 300% in the last 20 years according to some article I read earlier so very few of us can afford to buy and those that can are tied into borrowing more times their income than the previous generation and pay it off over almost double the time. The cost of getting an education has also skyrocketed (disclaimer: I live in Scotland so this doesn't actually apply to me) and wages are far lower for many of us if you take the price of inflation into account. No one can get credit thanks to the banking crisis which was caused in part by ridiculous mortgage practices, decisions made not by millennials, but by members of Generation X.

So do you know what? If I have a sense of entitlement because I think I deserve a job in my field so sue me! I worked damn hard at university that I could only afford by getting into debt that I can now only just afford to make payments on. To think that people actually think there is something wrong with wanting the job you trained hard for makes me so sad.

Now to make it worse there is some idiot who has designed his recruitment process to wade out 'entitled, liberal millennials' I mean what the hell?! worst part is he runs a marketing company that no doubt markets products to entitled folk like me!

In my mother's generation families could, with only one parent working, buy a sizable family home, pay it off in ten maybe fifteen years, go on holiday every year and never run out of food. In my generation no one can get on the property ladder so we are stuck paying expensive rents which means more and more of us are turning to foodbanks because we cant afford food, and every adult in the house works!

I have only ever left the country once for four days, I went to france on a cheap Ryanair flight that cost me £30 return. Me and the other half have been together just short of ten years and have been away three times - one overnight in Manchester, a few days in oban and five days up north which my mother actually paid for because we can't afford it despite my 'good job'. We don't own a house and are actually now looking to leave the area so we can afford a small flat because we just cant face the idea that we will be renting into retirement and beyond if we stay here, meaning we wont have enough money to retire, ever!

Us millennials are not 'entitled' or 'lazy' we just want what the generation before us had, security mostly - safe jobs and safe houses and the prospect of a safe retirement. No foodbanks, no getting into debt to get an education, no massive levels of unemployment.


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Comments

MegL wrote on September 26, 2017, 3:41 PM

Blame the government for selling off council houses and stopping local councils building social housing. That has driven up the cost of housing -supply and demand. That in turn has driven up the cost of renting. That has brought buy to rent purchasers into the market. The low rate of house building has removed a lot of jobs for bricklayers, plasterers, roofers, etc. And that has removed apprenticeships. It's all related. Greedy big business persuading governments to follow their agenda instead of what is for the benefit of the nation.

melody23 wrote on September 26, 2017, 3:56 PM

totally agree, although the banks have a lot to answer for too!

lookatdesktop wrote on September 26, 2017, 9:35 PM

This really is bad news. I know millennials are not lazy. I read MegL's comment and what she said makes perfect sense to me. I wonder how much building materials have gone up in proportion to the cost of housing.

MegL wrote on September 27, 2017, 6:26 PM

Yes, they do. Selling on toxic packages after they had falsely persuaded people to get mortgages they could not afford, so the bankers could get more commission!

melody23 wrote on September 28, 2017, 12:15 PM

and 125% mortgages! When I first turned 18 this was pre-credit-crunch, I was bombarded with people wanting to lend me money. I obviously had no credit rating having just turned 18 and was a full time student (although I did also have a full time job to be a bit fair to them) I was reasonably smart and didn't take on too much but I still struggled like hell to pay it back and ended up not in a great situation because you were convinced it would all be ok by the bank and didn't know any different because you were so new to credit.

However now its gone in the opposite direction. you wouldn't believe the things we are needing to justify for the mortgage! Why do we pay this and who is this person who puts loads of money in my account every month and what if they stop? (its mum, I buy things for her because she doesn't know how to do it online and she obviously pays for them, the money never actually comes to me) what if interest rates rise to over 11% - that's what they are stress testing me at would you believe! All this is with me borrowing just over half of what they would actually lend me based on my salary, I dread to think what they would be putting us through if I was trying to borrow the maximum amount

VinceSummers wrote on September 28, 2017, 9:02 PM

I don't get into the political and social causes people often talk about. The point is, life is getting harder. Sure, there are some who are downright lazy. But some of those probably have given up trying in a world where the cards are stacked against 'em. Besides, earlier generations have had lazy people, too. But I do think there is no reason to think things will be better just around the corner because men will improve the way things are. Not going to happen. Frankly, I'm tired of most jargon.