Indeed but as in the 50s we are adopting the hidden solution of stealing money off savers instead.
D’you know what? This doesn’t bother me in the slightest.
People who are relying on the interest from enormous stockpiles in their bank accounts generally gained that money from the phenomenal house price increases over the last 50 years.
Right now I have a mortgage tracking at 1.5% above base rate which is, I suppose, being subsidised in a way by the lack of interest on savings. They might want to stop whinging and realise that the income tax of *my* generation is going to fund a long retirement for them, while it’s highly likely that pensions will be means tested in 40 years when I retire.
Frankly it’s about time that their generation cotton on to the fact that the reason nearly all younger people can barely afford to rent a home, let alone buy one, is directly because of them and the financial policies of those they elected.
Tough titties.