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Question to people aged 40+

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I am 29, and I watched a documentary about the 2008 financial crisis, and of course I was too young in 2008 to really "feel" it. It got me to think about our current economic climate, so my question is relatively simple to those who were adults in 2008:

Is the world right now in an actual really, really tough time economically, or am I and my peers just "feeling" and "seeing" it because we're now adults? For example, did you feel similarly, or perhaps even worse, during and after 2008?

Sorry if I sound ignorant, just don't know how much I can trust my own instincts as I tend to overdramatise things presented to me by media.

Parents

  • We bought our first house in 2007, so got in just before it crashed and rates spiraled. But as we had to move city and jobs, we had to go back renting, and that was were the biggest change has been. Before renting was cheap and you saved to buy, but now rents impossible and keep younger generations in the chains of renting forever. When we did eventually get back on the housing ladder, it was a lot harder and there were bigger barriers -I was a contractor so we had to basically save half the value to buy a small place. 

    I think it is harder, I read a stat once that the average age for buying your first place was 25, now it's 35. Younger people definitely have it harder.

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  • We bought our first house in 2007, so got in just before it crashed and rates spiraled. But as we had to move city and jobs, we had to go back renting, and that was were the biggest change has been. Before renting was cheap and you saved to buy, but now rents impossible and keep younger generations in the chains of renting forever. When we did eventually get back on the housing ladder, it was a lot harder and there were bigger barriers -I was a contractor so we had to basically save half the value to buy a small place. 

    I think it is harder, I read a stat once that the average age for buying your first place was 25, now it's 35. Younger people definitely have it harder.

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