Yes John it is, I think he 's come late to the game compared to my generation but I suppose their life is very different. Apprenticeships started at 16 for me yet he's approaching mid 20's and although his life is jam packed with part time jobs and music he's really only just left education.
It wasn't unusual for my dad to say "don't make any plans this weekend we're giving the car a de-coke or doing the brakes etc. So it was normal for me to see those jobs as routine. At his age now I'd left the Army and was flying for Bristow Helicopters. I'm not sure that the current education regime forced on the young of today has really been a great success. Most jobs in their futures certainly do not need these old style degree courses forced on them and the fee's and loan system could only have been devised by the mafia.... it makes taking on an old time mortgage like we did to buy a house seem quite reasonable. They are leaving with a debt that takes a huge amount direct from their salary every month which supposedly pays down the debt but in fact the interest rate means that the debt continues to increase making their year on year contributions higher as the amount of the debt increases year on year. The godfather, or Rachael from accounts has now deemed that the debt will be cancelled out at 30 years but they not only will never have paid it off, rather ,they will have paid a continuous rising repayment faction monthly while they watch the debt continue to increase. so unlike a mortgage for a house where it will pay it down and your repayments annually will reduce the debt, not so for the generation X youngsters! Oh and no house to show for it either at the end. They also, Dodgy Dave and his dodgy partners in crime who oversaw the birth of this ridiculous scheme said it wouldn't affect their ability to acquire a mortgage to buy a house. Dah! of course it does its an outgoing charge on their income and taken into account by any bank or building society. I'd like to share my predictions as to how society is about to break down catastrophically in this country but I'm not sure whether it will be socialist or fascist but for sure it is coming in fact its already started! When someone like Martin Lewis is telling my generation to spend our money and not invest it.... well!
Now, where did I put that biscuit tin! Under the mattress of course!
