Am I part of the luckiest generation in history?
Summary
The article discusses whether people born in the early 1960s, often called late baby boomers, are luckier than later generations. It focuses on England and looks at higher education, pensions, and housing, highlighting differences in student loan experiences and opportunities across generations.Key Facts
- The author was born in 1962, near the end of the baby boom era.
- William Hague, born in 1961, said the early 1960s was a great time to be born.
- Student loan systems have changed: older generations received grants and free tuition, while today’s students face large debts and extra repayment taxes.
- For example, a recent graduate has £75,500 in student debt and finds repayment difficult.
- Participation in higher education has grown from 3.4% in 1950 to nearly half of young adults in 2023.
- The system aims to increase access to university, even if it means students pay more than before.
- Experts disagree on whether the government profits or loses money from student loans.
- The article suggests that past generations had fewer chances to go to university, even without debt.
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