You are doing straight lines now. "Wage growth was higher" ignores that product and goods were higher cost as well in proportion. Property was rising yes but basic foods were more expensive. There was not so many "home brands" back then, It was all branded, normal folks had limited grocery choices because the foods we eat today (and consider normal) were more expensive.
It is stupid when the RPI and BBC types go and check a shopping basket and they have all branded items in their basket. We are constantly told that food is more expensive now than it was back then but it isn't. We are buying a much wider variety of foods that were out of people's price range back then. What they do when they compare these food lists is compare a middle class shopping trip. I buy cheap toilet paper not Andrex. 6 rolls for 79p. I buy homebrand baked beans for 23p, homebrand ketchup of 30p. Get that in the shipping basket and tell me groceries have gone up in price (Accounting for inflation.)
Paracetamol and Aspirin is less than 30p a pack.
You can't just draw a straight line of higher wage growth, higher house prices and degree costs most people will never pay back = having a harder time. You also can't take the narrative of a middle class grocery shop being representative of how it costs more to eat. I don;t eat the "crap" my Mum used to put on the table. I did then because it was the food. I like to eat nicer foods in the main than when I was a kid in the eighties but I am not trying to equate the food I eat as costing more than the food that I used to eat to talk about a narrative. My groceries probably do cost more adjusted for inflation than back then but I am not eating liver, heart, the cheapest cuts, peas every night as veg and some of the other awful food that was necessary to eat back then.
But these are minimal savings in the grand scheme. When 40-50% of your wages (if you're working a pretty good job, for that matter) are going toward housing and servicing debt, saving 10p on Aspirin will not actually get you ahead.
I already said I agree on housing. I am talking about the young's perception that previous generations had it so much better. They have much more expectation of what their standard of living should be and seem oblivious to the fact that previous generations have it better now because they toughed it out working their way there.
Yes, yes, every previous generation pulled themselves up by their bootstraps, and younger ones simply aren't toughing it out. This, as it in turns out, is what every generation has thought of the generations that came thereafter.
I am not saying it is expensive coffee. That is a representative unit of a much bigger story. It is one component of hundreds that the current generation see as normal. As part of normal life and not an extra they should really think about giving up. "Every little helps" says Tesco. "It all adds up" My Mum used to say.
Add all that stuff up together. Very easy for a "naysayer"like you to simplify it down to one element (coffee) to suggest an argument is flawed when you know full well that people today have an abundance of things they spend money on that they consider as normal where previous generations would see them as "extras."
In an age where the young "have it so hard" how come all the coffee shops are full mostly of young people? The sandwich bars? Do you not think if they added up all their "little" spends that they might be surprised just how much they could save?
Because, when you're financially strapped, hanging out with a friend over a £2 coffee or £7 meal is the sort of luxury you can actually afford? Unless anyone doing more than wearing sackcloth and sleeping in a cardboard box represents unnecessary extravagance in your opinion.
As for the government shifting the debt? Have you not read what I have said for the whole of this thread? I have been saying they do this. What I would say to you though is that government debt is also the debt of the very same people. The government debt IS the people's debt.
What has that got to do with people spending money on coffees etc? Are they paying for them on credit cards? Do you not agree they should think twice about their coffees? And please remember that I am not just talking about a coffee a day. I am talking about the £40 a month contract mobile, the £10 a month netflix, the gym membership, the finance on the 2 year old car they decided on instead of the 5 year old one. Should they not think twice? After all they are the ones moaning about debt.
I've been there done that. Paid off £15k of debt in full while on benefits with a young family. No credit anymore. I/we choose what to buy in terms of extras. We don't buy "nearly new" cars anymore, we buy cars when they are 5+ years old and pay cash not credit.
It has nothing to do with Netflix or coffees, because these are utterly trivial expenses. One is not going to get themselves out from under a six-figure mortgage by forgoing coffee and Netflix and name-brand beans. Indeed, the fact that younger people have turned to Netflix and other cheap streaming services for their entertainment rather than expensive satellite packages and large TVs is often breathlessly cited as bringing about the death of the television industry, so it might be a particularly inapt choice.
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