Neil Horner’s editorial in the June 26 paper touched on one of the most important social problems arising in our society, the welfare of the future generations.
University graduates now pay far more for their education than did previous generations. For those lucky enough to find decent paying work in their chosen field they then spend the next ten years paying off a student loan, problems that the baby boom generation did not really have to face.
Only then can they look to starting a family, buying a home and settling down. But to do this, they will have to pay a much higher price for a home, which will further enrich the previous generation, which bought the home for a fraction of the cost.
The remainder of their working years will be spent paying into a pension plan from which they will be lucky to recoup their contributions, all the while subsidizing the pensions of their now financially comfortable forbearers. With luck they will be able to retire at 67, having worked far harder, for much longer, for much less financial reward than their parents.
Sheila Williams
Parksville
