Bank Of Mum And Dad


Image by: cowanglobal.com

Image by: cowanglobal.com

To include a suggestion made by PK Read at champagnewhisky.com, on the direction of my blog; I thought I’d begin this post by providing you an insight into what set this idea whirling around my mind in the first place.

When I was in college, and then university, I looked about myself and saw those students with the flash cars and the latest mobile phones. I wondered how they afforded such luxuries, until I learnt their secret.

These students had at their disposal their parent’s bank accounts; to pay their rent, buy their food and pay their bills as well as credit card bills too. I literally was aghast.

You see I didn’t have that, nor did I expect that. My parents ethos was work, and learn the meaning of money; it was a ‘you can’t get anything for nothing’ type of attitude. So, I worked and studied. I also learnt more than the lessons I attended taught me; life isn’t served up just to my specific taste at a click of my eager fingers. I learnt that what I wanted I had to work for, and to take responsibility for myself and my life.

Yet, so many ‘kids’ out there never learn this. In essence, they never grow up, they are the Peter Pan’s of society. Well, as far as facing the real world doldrums of paying your own way goes, and not to mention taking responsibility for yourself.

Also, I noticed these ‘kids’ attitudes towards material goods. How to have something which was worked for, was not valued and was seen as insignificant. The reason for this, well they had what they wanted when they wanted it, and didn’t need to value anything. So me driving my ‘vintage’ VW wasn’t to their discerning and expensive tastes; at least I owned my own car, and paid my own way. Something I’m certain they would have died of shock doing!

So, having left college, university and then beginning to working full time, I soon met other ‘kids’. These people although they worked, they were young enough to be in college or university – and yet, they still had this reliance on their Mum and Dad.

WHY??

Well, they claimed it was just too expensive to detach themselves from the proverbial apron strings; rent. mortgages, utility bills, food and so on, breaks their meagre bank. Their parent’s help supplement these poor strapped for cash individuals; who, let me add, were on good wages for singletons, with no kids and no house to run!!!!

In fact this still goes on now. I hear people I know comment on how their siblings or even their own children can’t afford to move out, to claim their own independence. Well, I have a different take on the reason they are still bleeding their families dry, and it goes like this…………………

People, young people, can’t afford to move out of their parent’s house, ummmm, probably because they prefer to squander all their wages on a ‘champagne lifestyle’.

These young people opt , instead of fledging the nest, to book their next expensive holiday on some sun kissed island, where the only prices that will bother them are those of the cocktails they purchase!

They say, ‘rent and mortgages are too expensive for me’ (in a whiny voice). Well yes, they can be, but so to can brand new cars, fake tans, hair extensions, jewellery, acrylic nails, nights out in clubs, new clothes, cigarettes, drugs and plastic surgery (yes, this too is on the menu)!

So, maybe the £500 plus a month wasted on their own lavishness, could indeed be spent on moving away from Mum and Dad, and paying for those oh so tiresome domestic bills, before they reach 40!

Or maybe those diamond encrusted iPhone cases are something they can’t live without, or maybe they can, if they had to. If they were given a theoretical kick up the bottom by the parents in question!

Now, I’m not suggesting young people don’t spend their money, I for one know I have spent, or squandered,  a fair share of my own; but then I did move out in my 20’s! I know of people who are in their 30’s and still wasting their money on booze and Ibiza boat trips, and they have the cheek to moan about being strapped for cash!

When will they learn that money, some money, is better in the bank than in a beer bottle?

Money savvy counts. I feel now, more than ever, this is going amiss in the world. Everyone tends to forget about it or doesn’t value what they have. They are under the false illusion that money is another ‘never ending resource’ like coal or gas, and even if they run out of it, Mum and Dad will provide what they need.

Money it seems does in fact grow on trees now, well I never!!!

Money is no longer worked for, accrued  earned, gained. Money is given gratis, courtesy of the Mum and Dad’s across the world, to the children that cling ever longer to their coat tails.

These young people now get fed the milk and honey of a never ending stream of money.

When will the hand outs stop? How old must these ‘kids’ become??

I understand love, care, concern and support – but when does this just become a bad joke? How can anyone differentiate between this, and being used and abused by the very individuals they gave life to?

When is the line crossed?  When will enough, be enough?

When do parents reclaim their own lives and say, that is it, no more?

Struggling To Make Ends Meet – Poverty in the 21st Century.


Ed Miliband (Leader of the Opposition Party), Boris Johnson (Mayor of London) and many others are now calling for, and indeed advocating the introduction of a living wage in the UK. What is this initiative? Well, it’s an hourly rate for working people, which is re-set each year to reflect the increases in costs of living. The rate of this living wage is based around what an employee requires to provide their family with the mere essentials of life.

The recommendations for these living wage rates are; £8.55 an hour in London and £7.45 an hour for the rest of the UK. Yet, these figures have already come under criticism for falling short of the real requirements of what workers need to survive.

Yet people are expected to now survive on a minimum wage. In comparison to the current minimum wage for those who are aged 21 and above, which is now a paltry £6.19 an hour; the figures above already prove a shortfall for the workforce. Most employers will only pay the minimum wage, regardless of the job, the duties and qualifications required. Cheap labour, exploitation and damn near slavery are what the UK work force is used to. With unemployment on the increase the employer ethos of ‘take it of leave it’ is never more powerful. People will put up with terrible wages and unfair working conditions or face unemployment. It isn’t exactly job satisfaction that keeps people working, inasmuch as sheer necessity. Workers in the UK are already being short changed of the basic requirements that are needed for them to actually live, so then how are they currently surviving without a living wage?

Well, when people don’t earn a living wage they have to work two jobs rather than one, get credit cards and loans merely to eat, and actually to travel to work! People are forced to live in poverty whilst actually working full time, their children aren’t eating properly, they can’t afford to heat their own homes and so and so on. What century is this anyway? Seems awfully analogous to something Dickensian.

Things have changed, relatively perhaps; but the premise remains the same.

So isn’t the living wage an answer to all those issues? Well, it is a fairer and more equitable option, where employees may actually feel they have value. Surely working people deserve to earn enough to live and participate in society, otherwise they might as well be outcasts. What are they working for exactly; and it isn’t just to pay taxes and pay bills (those days are, or I thought they were, over)! This isn’t a time of the landed gentry and farming peasants! People want to live a life! At the moment most people aren’t, so if the current minimum wage isn’t doing society justice then what are the issues with changing it?

Well, the UK Government are the issues. They aren’t sold on implementing a living wage, but crazily enough they are happy to provide benefits to subsidise low income families (those surviving off the minimum wage). In fact the amount of benefits being paid to those in work is on the increase! That means that society is already helping out low-paid employers, which to be honest really makes no sense. Doesn’t that outlay of benefits alone indicate that the wages are too low in comparison to the ever increasing cost of living and taxes? Why not then just solve the root of the issue instead of applying a sticking plaster that clearly doesn’t work; as people are still in poverty!

Yet, it isn’t merely about the cost of these benefits to the taxpayer; it’s about the cost of changing people’s work ethic. Actually demonstrating that is does pay to work. That people aren’t just working to pay the bills, and keep their heads just above the water line. That life isn’t all hard slog and little else; I mean isn’t that what the mill workers in 19th century thought about their lives? When will this working poverty and servitude ever change for the working people of the UK? It is a perpetual and entrenched vicious circle! What does society or the economy get out of such a system, nothing!

I thought we’d left the cotton mills behind?

For those who argue the UK couldn’t afford a living wage, that is somewhat naïve and morally wrong. What makes more sense; extra household debt (ethereal money that doesn’t really exist in the economy, and that no-one can afford to pay back), and money being given in benefits from taxes, or, money given in real wages whereby it can be properly invested into the economy?

I can see why this push for change is being blocked though; ordinary working folk could actually gain something rather than merely get less. I know; it’s a shocker and such an outrageous idea! How dare the ordinary people want more than merely working their hearts out for nothing other than paying their bills! What is the 21st century coming to?! Any new initiative meant to embetter a workers life comes up against opposition; the national minimum wage itself wasn’t looked upon favourably, neither were trade unions, equal pay, employee rights or the abolition of child labour, oh, and slavery.

How can a country prosper if their people don’t? Simple question, yet no one is willing to answer it!

Check out: http://www.livingwage.org.uk/

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© Bex Houghagen and The Savvy Senorita, 2012. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Bex Houghagen and The Savvy Senorita with appropriate and specific direction to the original content.