#138343
Postby scotia » May 11th, 2018, 2:11 pm
I have been mulling over the responses, and thought I may offer my observations.
I was brought up in a low income family - no car and no television, but I was encouraged to continue with my education, and received a grant to go University - so I started out adult life with no financial burdens, apart from a mortgage (and a wife and two children!). In later life, I am comfortably off, as are my children and grandchildren. So I could afford a Rolls Royce - but what good would it do me? My Skoda Fabia estate is ideal for driving on remote (often single track) roads and the big boot holds all my fishing gear, and sometimes my son's dog. My neighbours, of a similar vintage, indulge in regularly updating their top of the range cars, then seem to spend much of their times cleaning and polishing them (which I never do).
So what are my desires - number one must be continued good health. And I do like the flexibility of being able to jump in my car and go off to remote places. I'm now into my second driving licence extension (over 70s need to renew it every 3 years). I really haven't yet got my head round what I'll do if I can't drive. As others have mentioned, I also make charitable donations, while still retaining sufficient funds to cover possible nursing home fees for myself and my wife.
I was interested in the recent all-parties report which made some pertinent remarks on the unfair financial burdens now placed on the younger generation. If I were starting now (from a low income family), I don't think I could risk taking on the debt from a University education, and I have no idea how I could raise the finance for a house purchase.