Letchworth Baby Boomers vs. Letchworth Millennials (Part 2)

Well my last article “The Unfairness of the Letchworth Baby Boomer’s £2,232,080,000 windfall?” caused a stir. In it we looked at a young family member of mine who was arguing the case that Millennials (those born after 1985) were suffering on the back of the older generation in Letchworth. They claimed the older generation had seen the benefit of the cumulative value of Letchworth properties significantly increasing over the last 25/30 years (which I calculated at  £2.23bn since 1990). In addition many of the older generation (the baby boomers) had fantastic pensions, which meant the younger generation were priced out of the Letchworth housing market. I replied there should be no surprise though that the older members of our society hold considerably more of our country’s wealth than the younger generation. This wealth is accrued and saved across someone’s life, and reaches it’s peak about the time of retirement. If we are to comprehend differing wealth levels between generations we need

read more Letchworth Baby Boomers vs. Letchworth Millennials (Part 2)