Thursday, October 22, 2020

A Millennial's Rant About State Of The World


Every now and again a millennial breaks out a fiery rant about how much the economy has changed, and the overarching state of the world now vs. how it used to be. Sometimes these rants are triggered by the baby boomers of the world. For some lighter Millennial-themed content check out this post where millennials pretend to be baby boomers in a Facebook group.

1.

Text - *MILLENNIAL RANT, BE WARNED* In 1982, the average weekly wage was £157.* With average rent being £11.50 ** Rent vs income = 7.32% Today, average weekly wage £504.*** With average rent being £868. **** Rent vs income = 43% This being mostly down to the destruction of social housing in the 1980s and the ever increasing of private housing sector. But that's not my gripe today (which in its self is infuriating). My issue is - The average price is of your standard 2 bed flat. It increases huge

2.

Text - bedrooms but converted storage rooms or cupboards, to increase the rental value because, up until 2018, there was no regulation on room sizes. Now there are but they are laughable (6sqm). But my BIGGEST issue is pets. EVERY. SINGLE. PROPERY. I have researched recently has said "No Pets". Why? Cause they cause damage, unlike humans who don't cause damage. Is that not what a deposit is for?? The worst thing is that letting agencies put this down without even asking the landlord (from person

3.

Text - So lets summarize what I have learned. 1. Be prepared to pay more than half your income on rent and bills if you want any kind of space in your home. 2. Don't think about having kids unless you or your partner can bring an income of more that 40k per year alone. (UK average for 20s to 30s sits at 26k per year) 3. Gardens are a luxury (not standard as it used to be) 4. No pets. Don't even ask. 5. Any worthwhile savings can only come from drastically reducing your standard of living. 6. Spa

4.

Text - I am sorry. With the world falling apart around us, many of us are now expected to work from home, increasing bills, using our domicile as a work, rest, eat, repeat station for the foreseeable future, its hard to see what preparations have been put in place for the standard of living for future generations. All I see is quick gains and profit margins.

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