UK's Youth Planning to be 'Poorer Than Their Parents'

Thursday, August 11, 2011

Two young men are detained outside the Currys electrical store in Brixton on August 8, 2011 in London, England. Widespread rioting and looting took place across many parts of London on Monday. (Dan Kitwood/Getty Images/Getty)

As riots and unrest continue to spread throughout England, some say they began with youths who are unhappy with the economic climate there. Throughout the U.K., there is a growing sense that many young people are going to face more difficult financial times than their parents' generation did. The future will bring fewer job opportunities and lower pensions, which will mature at a later date and come at a greater personal cost. Overall, there’s a feeling that politicians are inept to fix the nation’s economic problems.

We're speaking with personal finance guru Alvin Hall, host of the BBC series "Poorer Than Their Parents."

Guests:

Alvin Hall

Produced by:

Hsi-Chang Lin

Comments [3]

listener

The welfare state creates dependency, victimhood, a sense of entitlement and ever more demands to the cash strapped government that supports them with hatred aimed at successful fellow citizens who they are taught to resent.

Is it not odd that the same people who make sympathetic excuses for the rampaging rioters in the UK who demand more from the government will then viciously defame the fiscal conservatives in the US who peacefully protest, legally organize and work through the system to demand less from their government?

Aug. 11 2011 10:10 AM
Ed from Larchmont

Compare these riots with the million plus youth who will attend World Youth Day in Madrid August 18-23rd.

Aug. 11 2011 08:31 AM
Peg from Southern Tier NY

We've been convinced to invest in retirements and our super wealthy rather than our next generations - (currently 25% of American children live in poverty). Really a poor choice - who ARE WE hoping will want to take care of us in our 'comfortable' old age? A 'grateful' younger generation???

Aug. 11 2011 08:10 AM

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