News that around one third of millennials could still be renting by the time they retire is likely to have triggered a wave of understandable despondency amongst 20 - and 30-somethings, the cohort for whom property ownership may, at the moment, appear a distant dream.
Together with the arrival of small bunches of daffodils, early spring also yields a flurry of government spending reviews, growth forecasts and other estimates of future economic activity, many of which will be ‘amended’ (such a helpful euphemism) before the end of the year.
Were you to bundle them together in a single day’s publication, the week’s assorted headlines would supply you with a ready-made mixture of amusement, anger, happiness, frustration, laughter and a host of other reactions besides.
Apart from offering movie stars another opportunity to sashay along a heavily-guarded red carpet in borrowed frocks and display faux surprise when the winners are announced, Sunday’s Oscars will also provide some celebrities with a global platform for caustic political comment.
It’s not been a great week for social media. First came allegations that (Shock! Horror!) some ‘celebrities’ (telly cooks, catalogue models, daytime TV presenters etc) have been buying large numbers of (non-existent) ‘followers’ in an attempt to show just how popular they are on social media.
Hot on the heels of last week’s column on the need for millennials to start saving on a regular basis came news that the UK’s pension pot, currently worth around £25 billion, is projected to run dry by 2035.
Early morning locker room banter can be very funny – and a little too ripe to repeat here, though frankly, I look forward to the mix of “did you hear the one about the bloke who goes into a bar with his giraffe…”, or listening to the opinions on last night’s match, all rather more forthright than you ever hear on TV.
My wife and I enjoyed Sunday lunch with a couple we’ve known for years recently. They’re great fun. He runs a small building firm; she describes herself as a “home-keeper who specialises in spending the money my husband makes.”
One of my nephews, a bright lad, recently graduated from a highly-rated red brick university with a first class degree and landed a job working at what he refers to as a ‘crowdfunded start-up’ in London.
Searching for some very specific financial information recently, I emailed a pal (an IFA of many years’ standing) and asked him if he knew anyone who could provide it. Within minutes, he pinged back the name of a firm and a link to their website.