Fair enough - I guess you must have a large sample of young people's savings accounts that you have access to in order to draw such a conclusion.

Given the unionist policies of the 70's where people where public sector workers were given massive state pensions based on the idea that the next generation was going to earn more than there parents, it's only fair pensioners pay more.

Having said that, I don't think young people are as badly off its made out. Loads of my friends have spent fortunes travelling and on pointless trinkets. Some of their parents seemed to have bought new cars every year and funded ultra expensive holiday to Disneyland and now don't have a nest egg set aside for their kids.

I wouldn't give them £10k. They'd just squander it.

But the whole thing is a guaranteed vote loser. The tories tried it with care in the last election when they thought nothing could touch them. Look how that turned out.

I doubt the study had. They probably had to take the word of the saver I expect. A bit like those surveys of how big your dick is.

It's a fair point and it is if we were talking about everyone...but the property issue is largely aimed at the first time buyer...who a large swath do not yet have a family of their own and as such if they really wanted to fly the next and set up home and a family could quite easily do so by moving out of London....setting up their own family in their own house; not their grandparents.

Clearly for those not willing to move and therefore remaining in the family home then they would be around to assist and help out.

It's all about choices; but we can't have a cake and eat it....which is what people seemingly expect as a 'right' nowadays.

There's clearly no silver bullet to the situation and as others comments have suggested there are numerous influencing factors that if addressed would drastically reduce the reliance on the state....and ultimately our pockets...making us all richer in so many ways.

The Voice of Reason In An Otherwise Mediocre World

I retired early and was surprised to find how little tax I paid. While working I paid 20% income tax plus 12% National Insurance so 30% in total. Plus I paid an additional 7.5% into my pension scheme.

Once I retired no more National Insurance as there is no NI on pensions and stopped contributing to a pension.

As I had a company car and BUPA when working I also now have the full personal allowance.

National Insurance is a tax on work, Pensioners, Private Landlords, those living off trust funds or investments don,t pay NI.
It is wrong only those who work who sweat and earn between *£7,500 and £45,000 pay NI.
*Figs are approx but not far out.

Rental prices in particular the SE are ridiculous. Kids going to University have no chance of saving (see my previous post), please don't blame them for not having any savings.