Gee Cee Posted February 11, 2016 Share Posted February 11, 2016 A staggering report in the Guardian today. A survey of 18-24 year olds, showed that nearly a third were "scared to look at their bank balance". Has all common sense and reason really gone out of the window? Link to comment Share on other sites More sharing options...
thebees Posted February 11, 2016 Share Posted February 11, 2016 It's debt society. There are many factors pertaining to the rise in debt in the young, better standards of living, higher expectations, targeted marketing, it is quite mad. Link to comment Share on other sites More sharing options...
Mr. Sausages Posted February 11, 2016 Share Posted February 11, 2016 £666 Link to comment Share on other sites More sharing options...
notwell Posted February 11, 2016 Share Posted February 11, 2016 Parents need to educate their children. School do too. There is some good work going on in the island schools in relation to this. Link to comment Share on other sites More sharing options...
Mr Bear Posted February 11, 2016 Share Posted February 11, 2016 It doesn't really help that it is now a requirement to have a bank account and therefore as with all enforced things there's just no need to provide any service or value any more. Hence why the banks have basically used the money deposited with them as a piggy bank for their own infeasibly huge wages in return for zero interest or at best a token gesture that is well below inflation. In the past there was a point in having a bank account. It's where you stored your money for future use, and in return the banks invested it and provided interest that at the very least kept it in line with inflation, while taking a percentage for their effort. Now any saved money loses value dramatically every year, so there's absolutely no point saving money any more. You might as well spend it on yourself instead of handing it over to other people to spend for you. I'm no fan of hard selling of debt either. I thought there used to be a government and systems in place that were supposed to protect against such things. But in the case of the UK they seem to actually be involved in the fraud. Link to comment Share on other sites More sharing options...
Gladys Posted February 11, 2016 Share Posted February 11, 2016 £666 But you're not young! Link to comment Share on other sites More sharing options...
ManxTaxPayer Posted February 11, 2016 Share Posted February 11, 2016 £666 The balance of the beast. Link to comment Share on other sites More sharing options...
thommo2010 Posted February 11, 2016 Share Posted February 11, 2016 the young of today have no coping skills they are mollicoddled and have their backsides wiped that when something bad happens they can't cope. spend what you earn put a bit away each month for a raining day not rocket science Link to comment Share on other sites More sharing options...
Non-Believer Posted February 11, 2016 Share Posted February 11, 2016 A staggering report in the Guardian today. A survey of 18-24 year olds, showed that nearly a third were "scared to look at their bank balance". Has all common sense and reason really gone out of the window? I'm the wrong side of 50 and I'm scared to look at mine. Usually after paying my rates the last 3 or so years. Link to comment Share on other sites More sharing options...
dilligaf Posted February 11, 2016 Share Posted February 11, 2016 A staggering report in the Guardian today. A survey of 18-24 year olds, showed that nearly a third were "scared to look at their bank balance". Has all common sense and reason really gone out of the window? The majority of those that understood the survey (!!) were most likely students earning next to fuck all and living in debt. It's not their fault Link to comment Share on other sites More sharing options...
hillshepherd Posted February 11, 2016 Share Posted February 11, 2016 A staggering report in the Guardian today. A survey of 18-24 year olds, showed that nearly a third were "scared to look at their bank balance". Has all common sense and reason really gone out of the window? The majority of those that understood the survey (!!) were most likely students earning next to fuck all and living in debt.It's not their fault Whose fault is it then? the fu king budgie. Link to comment Share on other sites More sharing options...
2bees Posted February 12, 2016 Share Posted February 12, 2016 Notwell are you slim's sock puppet? PL's? Whatever, you're annoying. Link to comment Share on other sites More sharing options...
quilp Posted February 12, 2016 Share Posted February 12, 2016 Notwell are you slim's sock puppet? PL's? Whatever, you're annoying. I've said it before, he is simply not well ... Link to comment Share on other sites More sharing options...
ManxTaxPayer Posted February 12, 2016 Share Posted February 12, 2016 the young of today have no coping skills they are mollicoddled and have their backsides wiped that when something bad happens they can't cope. spend what you earn put a bit away each month for a raining day not rocket science Yes, you'd have to put a lot away each month for rocket science. Link to comment Share on other sites More sharing options...
Cronky Posted February 12, 2016 Share Posted February 12, 2016 The 'young' are in a very good situation. They can spend less than they earn and put the rest in a savings or investment account. 40 years (or more) of compound interest will provide for them if they keep the right side of debt. However, last time I looked compound interest wasn't on the GCSE Maths syllabus . . . Link to comment Share on other sites More sharing options...
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