Intergenerational economic disparities arise when older generations benefit from favorable economic conditions (such as low mortgage interest rates, free education, and pensions) while younger generations face systemic barriers (such as high housing costs and reduced opportunities), creating a need for older generations to acknowledge their role in these disparities and work toward bridging the generational divide.
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"Millennials are probably the worst generation to ever exist." #GenZ #BabyBoomer #MillenialsAdded:
I was born in 1965, which I discovered recently meant thank god I missed being a boomer by eight months. I'm a boomer. I wondered that.
>> 60? No, I don't believe it. How do you feel being a boomer with this kind of dialogue going on? Cuz they're getting blamed for everything.
>> fascinated.
>> [laughter] >> Because they're they're Well, they're the luckiest generation in the history of the world, aren't they?
Aren't they? I don't know about that.
>> You didn't have the war. You had plenty Well, okay, I'll tell you I'll tell you.
Free holidays, pensions, uh free education.
Uh you destroyed the NHS on the way out and the planet. And you haven't had to pay anything.
You've [laughter] been under taxed for all your lives. And the property thing is incredible. I don't know when you bought your first house, I'd love to know. I was brought up in a council house in Wigan. I got married for the first time when I was 19 and I bought a house then and the interest rates on my mortgage were 15%. Mm, that's true. You were what was called a MIRV, a mortgage interest rate victim. Yeah. So they had it hard as well, Elliot. Yeah, I think the millennials are probably the worst generation to ever exist. They're the ones that I really have a gripe with.
But That's storm. This is all fun and games. Ultimately, I really don't want to polarize the generations more. I'm coming after you guys and I think it is >> Polarization, [clears throat] you don't like polarization. I I really don't.
Peace and love and whatever, you know, man. But um >> But everything life involves choices.
That's the whole point about >> It does.
>> just be the Liberal Democrats the whole time.
>> And I will [laughter] I will pick the older generations up on where they're being irresponsible and I think certainly in the British media, we have this problem of polarization where no one actually investigates truth. They're towing the party line in one direction or the other. Um but ultimately, I'm optimistic and I think the whole point my interview with Sky News.
>> [laughter] >> Exactly. I really want us to try and bridge this generational divide that's happening. It doesn't seem like it on this debate, but but I really do. I I think there are things that older generations have to admit to having done to young people, putting us in a bad position. But, I'm not here to be a snowflake winging about the bad hand that I've been dealt. I think you do just have to take the cards that you've been dealt and deal with it. I didn't think So, I'm all for bridging this gap.
>> The biggest single thing on my on my radio show that comes up is what I would call intergenerational warfare, where those two generations misunderstand each other. We had a call from a pensioner the other day who said, "The reason young people can't afford to buy a house is is cuz they spend all their time in Paris." I don't even know how I don't know [laughter] how to deal with it.
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