“It’s true that the young have been badly hit by the recession, he said, but these are perennial features of the economy. Generation Y might be affected by an ageing society, and the demographics of the country. But looked at as a whole, this is the probably most privileged generation ever. If they think there’s a problem, they ought to get out and do something about it.
Next up, speaking against the motion, was Katie Morley, a writer at Investors Chronicle. Her argument centred around the fact that education, employment, housing and pensions are the four pillars of a secure financial community, but that these are all crumbling. Being financially secure is now a luxury that only exceptional high earners, or those with rich parents, can expect. Something, she said, has gone seriously wrong.”
This is where generations of selfish leftward fools with High Time preference get us.
They sold their grandchildren down the river and now we’re angry about it.