Showing posts with label debts. Show all posts
Showing posts with label debts. Show all posts

Saturday, 20 May 2017

It wasn't me

No, we baby boomers aren't to blame for every problem on the planet.
No, we aren't all greedy, selfish, irrespon-sible, heartless monsters.
No, we aren't deliberately kicking away the ladders we once climbed.
No, we aren't personally answerable for tuition fees, unaffordable houses, unaffordable rents, unpaid internships, static wages, awful working conditions, and all those other things the young are struggling with.

I've always wanted every new generation to be better off than the previous one.
That used to be the case right through the last century.
It greatly distresses me that things are getting worse for the young and not better.
It greatly distresses me that the young are being treated so badly.
But I'm not running the country and I'm not responsible.
Put the blame where it belongs - with politicians, estate agents, big business, landlords, and all the people who actually drove through those destructive changes and turned the clock back sixty years.
A lot of those changes weren't in manifestoes and didn't have public approval.

Personally I'd like to see an end to tuition fees, more council housing, rent controls, decent wages for all, an end to zero hours contracts, and stronger trade unions.
But there's little I can do to bring all that about.
I put crosses on ballot papers, sign petitions, attend rallies, write to my MP.
Is anyone listening? Is anyone taking any notice? Will anything change?
It doesn't seem very likely.
The politicians don't care much about the young and their problems.
The politicians are far removed from such difficulties.
Most are comfortably off, with nice houses, nice salaries, staff to look after them.
They don't know what it means to be struggling and debt-ridden.
So blame them and not the baby boomers.
Blame those who have the power to improve people's lives but prefer to make them worse.

Tuesday, 26 July 2011

A long time dead

I'm amazed someone can be declared dead and then spend 25 years with a new identity without anyone smelling a rat. But that's what a Chicago man managed to do.

Forty year old Arthur Jones vanished in May 1979 after being sacked as a commodities broker and struggling to pay off tens of thousands of dollars in gambling and other debts.

In 1986 he was pronounced dead, and his wife and children collected about $47,000 in benefits. They claim to have never heard from him since.

But Mr Jones, now 72, was tracked down last week in a Las Vegas bookmakers, where it seems he worked for a decade. He had been living with his girlfriend for 22 years. He was arrested and charged with crimes including fraud, burglary and identity theft.

He reportedly bought a fake identity for $800 under the name Joseph Richard Sandelli and has used it ever since. He was only found out after someone got suspicious about his Social Security number.

Apart from the sheer ruthlessness of abandoning his wife and children without a word and leaving them in a colossal financial mess (or so it's claimed), I wonder how on earth he avoided detection for so long. You'd have thought there would be something fishy about his new ID or his account of his life that would have raised a few doubts pretty quickly.

I guess it shows how easily we trust other people. We believe what they tell us - their name, their personal details, their life history. Why should we disbelieve them unless there's some obvious sign they're lying?

But it must have taken an astonishing acting ability. He must have adopted his new alias so completely, so seamlessly, that he never betrayed himself, never gave any clue he had a second identity. His wife and children, his previous job, his huge debts, all securely buried in a corner of his mind and never ever revealed. What perfect self-discipline!

When you think how hard it is to keep a secret, and how easily we blurt something out when we're not totally vigilant, or we're drunk, or we're under pressure, his impregnable silence is impressive.

PS: A further thought. Did he not love his wife and children? So how could he bear to leave them and never see them again? Wouldn't he have felt a terrible sense of loss and emptiness?

Saturday, 21 March 2009

Burden of youth

I just don't know how today's youngsters manage to make their way in the world, with one burden after another being thrown at them.

Now British universities want to more than double tuition fees to £6,500 "to protect teaching standards". If they get their way, the average graduate debt could go up from £17,500 to £32,000.

As a result of acquiring skills that will benefit not just themselves but the whole society, they're stuck with a massive debt that could take years to pay off - if they can even find a job with a decent salary.

How lucky I was as an undergraduate to have all my expenses paid for me - not just tuition fees but subsistence costs and even travel costs from London to Buckinghamshire where I was studying. And I had no need to jeopardise my studies by taking a paid job.

Then if these debt-laden twenty somethings want to buy a flat or a house, they have to find further unbelievable sums of money, including the huge deposit that mortgage lenders now require.

If they also want children, more headaches. When I was young and relatives often lived close by, they helped with childcare and domestic chores and made life a lot easier for parents. Now new parents frequently have to fend for themselves and the extra burden takes its toll.

I look at youngsters grappling with all these modern pressures and I wonder how on earth they manage to survive without going under. Certainly bosses have little sympathy, and just expect their employees' difficult private lives not to affect their work.

I can only admire the resilience and determination that keeps young people going and set on getting what they want out of life, despite all the obstacles and boobytraps. I'm just glad I'm 62 and not 22 right now.

Tuesday, 7 October 2008

Scrimping and saving

The credit crunch is really exposing our divided society once again. The haves and the have-nots are visible for all to see.

On the one hand, the well-heeled minority are scarcely affected. They have plenty of money to absorb dearer mortgages, food and fuel without batting an eyelid. Their only concern is whether their savings are still secure, so they're busy moving their money around from rickety banks to safer ones.

Everyone else, on the other hand, either barely solvent or heavily in debt, is frantically juggling their inadequate incomes to pay all the bills and working out what they can cut back on. With no spare cash to save, wobbling banks are the least of their problems.

The government naturally is focussing on the well-padded and their savings dilemma, pumping fortunes into ailing institutions and reassuring the worried wealthy that they won't lose a penny.

But I don't see the same fortunes being put at the disposal of the barely solvent to help them break even and get rid of some debt. There's no chance of ruinous mortgages being paid off or fuel prices being cut.

The government feels your pain, buddy, but there are really no practical measures they can take. You'll just have to hang on until better times come round. Quite frankly, you shouldn't have overstretched yourself in the first place.

And what really pisses me off is the TV newsreaders grinning like Cheshire cats after every dire economic bulletin. I suppose on their luxurious salaries they can afford to grin. They won't be tightening THEIR belts any time soon.