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> my parents got a free education (with a living allowance) Pell grants get pretty close depending on the school and how poor your family is > mortgage tax re
by Domenic_S 7y ago
> my parents got a free education (with a living allowance)
Pell grants get pretty close depending on the school and how poor your family is
> mortgage tax relief on their mortgage payments
Still exists.
> a pension based on their final salary
Social security still exists (for now)
> a state pension that is growing about twice as fast as unemployment benefits
If you decide to work for the State this is still the case - especially in safety jobs.
- marcus_holmes 7y agoIn the UK, everyone got free tuition and a living costs grants. The grant ended in 1988, and the free tuition ended in the early 2000's. In the UK, mortgage tax relief stopped around the mid-90's (can't remember the exact year off-hand, but I think it was '97). The average boomer was about 45 in this year, and had finished paying off the bulk of their mortgage because of the housing boom around that time. In the UK, Final Salary pensions stopped being a thing for everyone except civil servants in the 80's, when it started dawning on everyone what a huge liability a guaranteed pension is (see TFA for details). Even the civil service has mostly stopped doing them, I believe (and of course they've outsourced vast numbers of previously civil service jobs to private contractors who don't even provide pensions).