Originally Posted by
Marco
I do dislike the term 'privileged "babyboom" generation', as it is offensive to those people who were born in 1961-64 who didn't get the privileges. Those who were born in these years left school/college/university into a world of high unemployment, where whole industries were going down the drain, company pensions were no longer there and houses were no longer cheap. When I bought my first house, in 1990, it cost exactly 6 times my salary (after a drop of 20 percent from its 1989 value) and the mortgage rate was 16.5 percent; hardly privileged
Dave Mole is correct in pointing out the babyboom years, but it should be pointed out that those who were born in 1950 had somewhat different privileges to those born in 1961-64