Jack Monroe says those who bought a house before 2000 have ‘no idea’ of cost of living for millennials
2 years, 10 months ago

Jack Monroe says those who bought a house before 2000 have ‘no idea’ of cost of living for millennials

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about offers, events and updates from The Independent. and waking up and scratching pictures in the ice on the inside of the windows?” Taking to Twitter, Monroe said those who use “back in my day” accounts of what life was like for them when they were younger are “romanticising the unimaginable struggle of an era when the average house cost one and a bit years of a single-person salary”. She added: “For comparison, average house prices today are almost 9x the average wage!” Adding two more tweets to her Twitter thread, Monroe showed the math behind her statement using figures from government records and Trades Union Congress wage reports. “If you bought your house before the dawn of the millennium, you have literally no idea about ‘the cost of living’ for my generation and beyond,” Monroe added. “Sincerely, a millennial whose rent, energy and council tax costs 94 per cent of their monthly income.” Twitter users quickly agreed with Monroe, with one person writing: “Worth noting it was a time when they all got final salary pensions too, the NHS wasn’t overloaded and you were actually paid to go to university!

History of this topic

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Natwest boss Howard Davies is wrong – Gen Z and millennials don’t expect to ever own a house
1 year, 2 months ago
Average home costs 8.4 times typical income in England, says ONS
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Average house price jumped £32,000 in last year
2 years, 8 months ago
Average house price 70 years ago ‘was around £56,000 in today’s money’
2 years, 10 months ago
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8 years, 8 months ago
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8 years, 10 months ago

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