Are You A Jewish Baby Boomer Looking For A Date? Try Looking Online!

It’s hard to believe that some of us are out in the wild world of dating in the time of our lives called the “golden years.” This is the time in our lives when we thought we’d be shaking popcorn over a crackling fire in the winter and laughing on the beach with our grandchildren in the summer. What a shock to find ourselves alone at home so much of the time.

Thinking back to our teenage years, dating wasn’t always fun and easy then, and it’s not always fun and easy now that we’re seniors again! But we can take a good look at ourselves, and consider our genuine desires and our real life circumstances while we’re also taking a look around and noticing that we are not really alone. If we do that, we are going to notice that a lot of other baby boomers are also out there looking for someone to date.

Where should a person look for someone to date? Who should we look for? It all comes back to looking in the mirror, really. We simply cannot know where to look for a date until we know who we’re looking for, and we can’t know who we’re looking for until we know who we are. We have to look at that person in the mirror long enough and hard enough until we really know ourselves. Knowing who we are and what works for us in life is the only way to discover the truth: what works in our life will work for us in dating, and what doesn’t work in our life will not work for us in dating. It’s simple and it’s true.

Here’s a good example, the all-important subject of smoking. I don’t smoke so I don’t date smokers, although I’ve dated a couple smokers by accident because they lied on their profiles. But I didn’t enjoy being around the smoke and had to stop dating them because smoking just doesn’t work for me. Any baby boomer who is still a smoker is very likely to remain a smoker.

Another example is religion. Although I’m Jewish I’ve dated men of various religions, not discriminating against anyone’s choice of religion. But I discovered that dating Jewish men is enjoyable for me and so I’ve visited a variety of internet dating sites and discovered that there are more Jewish men on Jewish dating sites. And some sites are better than others because they have more Jewish baby boomers than others. Of course, besides Jewish dating sites I can also look in Jewish places of worship, Jewish community centers, and go to Jewish events. But looking for Jewish men to date is actually easier online because you can search by age, location and other preferences such as smoking and non-smoking. Turns out, you often know more about a person you “meet” online than a person you meet in person these days if you’ve read their profile, emailed back and forth a few times and talked to them on the phone.

The best place to look for Jewish baby boomer men these days is a reputable Jewish dating website. Here’s a good one to try if you’re interested www.jretromatch.com

Baby Boomers behind rising Montana gun sales – KPAX-TV

MISSOULA –

Montana is in the midst of a veritable gun boom. 

Firearm sales typically rise during presidential elections and they also increase during times of national panic.  But lately, gun sales have been up because of retiring baby boomers.

 “I’m looking to swap off or sell an AR-15, it’s a cobra.  Bushmaster,” said Tom Asbridge while pursuing the handgun selection at Axmen Firearms.

Nearly 13,000 guns were registered in the state of Montana last year, almost doubling over the past five years, according to the Bureau of Alcohol, Tobacco, Firearms and Explosives.   

The growth mirrors a nationwide trend, with the National Rifle Association saying that older Americans are a big part of that growth. The number of seniors taking gun training has also grown four-fold in five years.

“We have seen an increase in customers that are over 50.  A lot of them are looking more seriously at defensive handguns, but we do see a large clientele that are looking to pass the hunting onto the next generation,” Axmen Firearms salesman Ian Menawieland explained.

Guns are commonly used as tools and toys in Montana as more than 200,000 hunters flow into the fields and forests under the Big Sky each year. “Out here it’s a way of life.  Everybody I know has at least one,” said Asbridge.

That way of life is about providing food and having fun, but increasingly — and perhaps more urgently — it’s also about protection.

“People are really realizing that the world isn’t as safe as they believed it is, and starting to take their own protection into their own hands,” Menawieland said. “They’re starting to become more aware of some of the issues they could see and they’re now trying to go ahead and protect themselves.”

While fear of an attacker may be a deciding factor for some, others – like Asbridge — seek protection from one of Montana’s bigger, stronger and furrier assailants.

“I was in the market for a very powerful handgun, because my wife and I both work off-grid, we work in the mountains a lot, and a lot of times we’re in grizzly bear country.  Now I’m not out to kill a grizzly unless it’s chewing on my boot,” he said.

Asbridge has been shooting for most of his life. In his off-the-grid lifestyle encounters with potentially aggressive wildlife is a daily possibility.  One he takes seriously.

“I need something that’s quick, something I can carry with me because in my work I need both hands a lot so I can’t always pack a shotgun. That’s why we’re here looking,” he said as his wife browsed a selection of revolvers.

Still there are those who purchase firearms for reasons other than hunting or protection.  With each presidential cycle, the fear of gun control leads to an increase in gun sales.

“There usually is a little more uncertainty about what’s going to happen with gun rights.  We have an election coming up and people are aware of that.  Usually folks are not coming in a panic just yet, but they are coming concerned, thinking that they better get ahead of the game,” Menawieland said. 

“There’s always something in the legislature, there’s always something being proposed and of course the ATF – the governing body for firearms – is often times looking to limit rights in some way,” he added.

“I’m very uncomfortable with the fact that they’re trying to take our guns away,” Asbridge complained.  “Gun ownership, to me, along with being a 2nd amendment right, it is the fact that responsible people should be able to own a gun or as many guns as they feel necessary.”

Fear of restrictive gun laws prompt many firearms enthusiasts to stock up on weapons and ammunition, but the sudden spikes in demand can actually cause shortages as products are bought faster than they can be produced. 

Despite this, guns will probably always be a part of the lives and lifestyles of Montanans. Montana has a gun ownership rate of nearly 60% which is almost double the national average.

With that in mind, most agree that training should be the first thing in any gun owners mind.

Presentazione Kit BABY BOOMER (Gel) – Irene Merlo



Presentazione della Master Crystal Nails Irene Merlo del nuovo Kit Baby Boomer, un bianco lattiginoso per un effetto super naturale.

Finalmente un prodotto che semplifica e velocizza la realizzazione dell’effetto baby boomer in gel, per ottenere french naturali e in tempi rapidi.

SCOPRILO SUL SITO: http://crystalnails.it/prodotto/nuovo-baby-boomer-gel-kit/

Unlock the Secrets of Anti-Aging for Babyboomers

If you are looking to unlock the secrets of anti-aging for babyboomers, the answers may be surprisingly simple. Anti-aging in the past required a great deal of time, money, and effort. The reasons varied, but most women in their later years did not have access to the many great products that are now available. They also spent many years basking in the sun and using ordinary soaps on their faces. They did not have the knowledge that babyboomers have. They also did not have as many options and the products were often chemically based. Today, we know better how to prevent lines and wrinkles, and we have the products to keep our skin young and healthy for many years.

Research has shown that sun is one of the most destructive elements to the skin. We now have sunscreens for every part of our body, including our face. You may choose to use a separate sunblock, or you may use one that is included in your favorite skin care treatment.

While genetics have a great impact on your skin, you can postpone the lines and wrinkles by using serums, moisturizers, and treatments designed to prevent and repair this concern. Babyboomers have the advantage to begin using these products while their skin is healthy, radiant, and strong. Products are designed specifically for your type of skin (dry, oily, or combination) and the condition of your skin. The best defense for anti-aging is to begin as early as possible. As you age, your skin changes and loses elasticity and collagen. Lines and wrinkles develop, and without the proper ingredients, your skin cannot fight this process.

Whether you choose to use natural ingredients or not, take the time to research your type of skin and the ingredients which will best address your concerns. If you have multiple concerns (and most of us do), choose the one that is most prevalent in your mind. That is what you need to address. It may be fine lines, but if you begin treating them now, you will not have the deep lines that your grandmother had.

Bigger than the baby boomers: Are millennials the new force in politics? – OCRegister

They were strangers in line at the Donald Trump rally in Costa Mesa last week, four politically inclined millennials equally divided in their support of the Republican real estate mogul and Democratic candidate Sen. Bernie Sanders.

As they waited, the talk turned to issues.

Student loan debt, terrorism, illegal immigration …

The line inched forward. The sun dropped. A breeze picked up.

… Climate change, equality, guns.

Brianna Collins and her twin sister, Sydney Collins, both Trump supporters, agreed with each other that people should be able to own guns. Chuck Valdez, a Sanders supporter, agreed with the sisters that climate change is happening. They all agreed with Paul Pearce, a Sanders supporter, who said there is too much money in politics.

They soon agreed to get pizza together, and even agreed on the toppings – ham and pineapple.

And they agreed on this: The political system is broken, and partisanship isn’t helping.

If shared by others of their generation, that last agreement might matter a lot.

Millennials, the 18-to-34 generation identified last week by Pew Research as America’s biggest cohort (bigger even than the baby boomers), could have an outsized impact on the upcoming election. Not only are millennials a growing demographic group, but they also are registering to vote at a rapid rate.

Their impact could be felt as soon as the June 7 California primary. A win for Trump could put him over the top as the GOP nominee. A win for Sanders could help him shape the party platform at the Democratic National Convention.

Both are political outsiders; both have disrupted their respective parties.

And, as potential agents of change, both are drawing strong opinions from millennials.

Morley Winograd, a senior fellow at USC and author of three books on the millennial generation, believes the current campaign cycle is playing out as an echo of the “hope and change” election won by Barrack Obama in 2008. Big causes, Winograd said, are more important for voters right now than the personalities of individual candidates.

For millennials, he added, a key cause is changing the existing political system.

“The system hasn’t been very good to their generation,” Winograd said. “Unprecedented student loan debt, the housing collapse … they see it as a creation of the banks, Wall Street and the system.”

Of the five remaining presidential candidates, none has tapped into the millennial generation like Sanders.

The Vermont senator made single-payer health care and free college tuition early staples of his stump speeches, and he found traction with millennials.

A Field Poll conducted last month found that 77 percent of likely voters between the ages of 18 and 29 in California preferred Sanders, while just 18 percent of that voting block preferred Democratic front-runner Hillary Clinton. Sanders beat Clinton by 15 points among voters ages 30-39.

Valdez, 18, who attended the Trump rally in Costa Mesa, said he supports Sanders because of the candidate’s consistency on a couple of key issues – student debt and health care.

“I think health care is a human right,” he said. “To deny anyone health care is disgusting.”

Valdez registered as a no-party preference for this, his first election. That’s common.

No-party preference has been California’s fastest-growing registration group during the Obama era. Since 2008, the category has jumped from 19.4 percent to 24 percent of California’s registered voters. During that same period, Democratic registration has grown less than 1 percent and Republican registration has dropped 5.9 percent.

Millennials tend to register online, according to California Secretary of State Alex Padilla. In 2014, just 425,220 California voters in that age group registered online. So far this year, the number is more than 890,000.

Between 2008 and the beginning of the year, the percentage of registered voters overall has jumped from 67.7 percent to 70.2 percent.

Dean Logan, the Los Angeles County registrar, said since the beginning of the year the county has registered 100,000 voters ages 18 to 29.

“It’s particularly high,” he said. “It’s encouraging, but that’s just the first step in the process. The next is whether they actually show up and vote.”

Chris Noble, 33, of Culver City said he wants to vote because he wants to change the system. He thinks Trump will do that.

“At the very least, it is like taking a stick of dynamite and blowing up the system,” Noble said. “It’s the bare minimum I’d expect.”

And 19-year-old Zach Smith of Hemet said he’s weary of the left-right divide. He views Trump as a unifier.

But among millennials for Trump, recent polling suggests that Noble and Smith are rarities.

In the April Field Poll, Trump was viewed favorably by just 12 percent to 15 percent of those between the ages of 18 and 39. Republican Sen. Ted Cruz of Texas fared only slightly better, winning just over 19 percent of people age 18 to 29, and just 25 percent of people between the ages of 30 and 39.

Trump struggles to connect with many millennials because of what they see as his harsh rhetoric, including calling for a ban on Muslims entering the country, building a wall along the U.S.-Mexico border and derogatory remarks about women.

“The (Trump) hostility toward certain groups doesn’t play well with millennials,” USC’s Winograd said. “Cruz has been a bit more effective in talking about college affordability.”

Clinton struggles with millennials – at least when compared with Sanders – partly because she’s unabashadly tied to the old-school party system, according to Winograd. But her campaign is counting on eventually wooing Sanders’ supporters, and Winograd noted that her speeches recently have been reaching out to younger voters ahead of the party convention and the general election.

In an email to supporters Wednesday, Clinton communications director Jennifer Palmieri wrote that Clinton would continue Obama’s legacy – a legacy put into play when Obama, the candidate of hope and change, captured two of every three millennial voters in the 2008 election.

“We’re going to help millions of students get a good education without going into crushing debt,” Palmieri wrote.

“We’re going to fight for common sense gun safety legislation and we’re going to make sure that your paycheck reflects your hard work.”

Tips for baby boomers who are job searching – Lexington Herald Leader

Intel announced plans last month to cut its workforce by 12,000 people, 11 percent of its current headcount. Chances are, most of us were not alarmed at this news unless our paycheck had Intel on it because layoffs in the U.S. workforce have become a new normal.

Baby boomers — the 76.4 million people born between 1946 and 1964 in the United States — are being heavily impacted by recent layoffs. Roughly a third of the oldest boomers in United States are still working, and the overall majority continue to work due to financial need or because they possess a strong desire to work.

This may be daunting considering the oldest boomer turns 70 this year.

Meanwhile, the retirement age is increasing, due largely to baby boomers who are reluctant to retire because four out of 10 of them haven’t even started saving for retirement or have depleted their retirement since the recession in 2007.

So, if you’re a boomer and seeking employment, here are a few tips to secure employment:

▪  Be open to mentoring because companies are recruiting millennials and Generation X to the workforce. You have years of proven experience and can make a compelling case on how to do a job. You should develop or enhance your existing coaching and mentoring skills and during a job interview talk up your willingness to be a mentor.

▪  Networking is crucial and will only increase your job success. Recently retired Patrick Scheetz, who spent over 50 years in career services, suggests, that you identify eight to 10 individuals and establish them as networking contacts. Plan to meet with them on a weekly or monthly basis.

▪  Identify and know what you have to offer and what you want. As an experienced worker, you have a lot to offer a company and will need to have the confidence to convey it.

▪  Participate in Lifelong Learning Institutes. Get back into the classroom and stay active. There are 119 such programs on university and college campuses across the country that receive grant money from the Bernard Osher Foundation. The Osher Lifelong Learning Institute at the University of Kentucky offers more than 100 educational and enrichment courses to adults 50 years old and older. They offer courses in areas as diverse as the humanities, technology, foreign languages, studio and performing arts and wellness and fitness.

▪  Be intentional and create an action plan that will give you an advantage. Scheetz suggests drafting a list that will help clarify what resources you need to accomplish your goal. Create a timeline with a checklist. You should stay focused and consistent in your job search.

▪  Embrace technology because it is an important skill in the workplace. Stay abreast of changes in technology by taking classes at the public library and maintain an email account. Also, create a Facebook account and have an active LinkedIn profile. Don’t be afraid of technology. Take a class and be willing to learn.

▪  Accept part-time employment. America has more and more retired baby boomers who are returning to the work force for part-time work from 20 to 35 hours and not seeking benefits. This is a win/win for the employers that continue to seek the formula to increase profits.

An Oregon newspaper received internal documentation from Intel employees that indicated that Intel expects more cuts will come through buyouts, an early retirement program, site closures and elimination of certain programs. So, while boomers should plan for retirement, they should also develop a contingency plan if they should find themselves in this type of situation.

Remember, we’re in a new economy and the climate is shifting everyday. Today, we’re talking about Intel but tomorrow it could be your company.

Older works have a lot to offer an organization. Become the best version of you.

Will Baby Boomers Reverse the Loss in Social Capital?

For whatever reason, over the last 40 years while baby boomers were between the ages of 30 and 60, many put their sense of social community on hold. Sociologists identify this period as a time when society lost social capital. Raising a family, focusing on career, building a retirement nest egg, and other cultural factors have preoccupied much of the time and resulted in less community participation. This is not a localized occurrence, but rather something that was seen across the US economy during the baby boom generation. However, social interaction with baby boomers is increasing with the use of the Internet, online social groups, and a variety of new ways to build interest groups.

Social Capital versus Social Relations

Social capital is a sociological concept which refers to the value of social relationships. It refers to the role of cooperation and confidence that get economic results for our society. In addition, it refers to the collective value of all social networks and the inclinations that arise from these networks to do things for each other. Therefore, social networks play an important role in defining our culture, as well as in our personal lives.

Over the last 40 years, studies have shown that there has been a significant loss of social capital within the United States. This relates to lower levels of trust in government and lower levels of civic participation that may be caused by the popularity of television and urban sprawl. Television and urban sprawl have had a significant role in making America far less connected. Baby boomers, whose generation has been a prominent factor in the measurement of social networks during this period, became increasingly withdrawn from activities including volunteering, political participation, civic participation, religious participation, connections in the workplace, and informal social connections. The resulting effect is not only a loss of social community, but the loss of social relationships on an individual basis.

An Epiphany of Reality

As the baby boomer ages, distractions of the past are being put aside to resume active participation in building their social infrastructure.

When baby boomers turn 60 the realization that life has changed begins to set in. Some sociologists term the stage between 50 and 70 years of age as middlescence. I like to call it the active empty nesters phase of life. It is time when baby boomers no longer have the duties of raising a family; they still have an exceedingly large amount of energy and realize it is time to enjoy those activities that they have put on hold. I believe this is the time when baby boomers will again dominate our economy by reversing the trends over the last 40 years.

At the height of the baby boom, a child was born every 8 seconds. Today, every 8 seconds an adult is turning 60. In the last century, life expectancy has grown more than any other time in the history of man, from 47 years to 77 years. Boomers will live longer than any other generation in America. Boomers who turn 60 this year have an actual life expectancy of 82.5 years and that is without anticipating any additional medical advances. Finally, the number of people over 60 during the 20th century has increased from 12 million to 35 million. That number is expected to increase to 70,000,000 by 2030, or 1 in every 5 people in the US population will be over 60.

Boomers are more active and physically more fit than prior generations. Exercise, eating well, and advances in medicine all contribute to the longevity of the generation. During the 60s the battle cry was, “Hell no we won’t go,” a direct reference to the Vietnam War. Today the battle cry is, “Hell no we won’t age” and we certainly do not want to age alone.

Combining the fact that there is a larger aging population and a relatively healthier population portends a greater need for social relationships. No one likes to go to the gym alone, but if you must go alone there is a sense of community once you arrive. It is often difficult to play golf as a single, a foursome is generally required. Eating alone is something you do at home, not while you’re dining out. These types of activities strengthen the need to have social friendships and a social network. Many will find time to volunteer in charitable or civic settings, and religious participation is likely to increase as baby boomers age.

Social participation by aging boomers is likely to have a profound effect on America. Just as the last 40 years has changed the US culture in ways that were not predictable, so too will be the effects of a more socially active aging baby boomer. Internet online social groups and local social gatherings are altering the way people meet and are now promoting activity for improved longevity. There is certainly an economic consequence that can be anticipated, and the emotional consequence is unknown. On a micro level I see these changes every day within my social groups. I look forward to the positive macro results in our culture in the near future.

RMTC's BOOM provides dynamic look at baby boom generation – CBC.ca

BOOM is never a pandering tribute to baby boomers, but it’s also never a particularly biting examination.

It’s hard to argue that there hasn’t already been a lot said about the baby boomers. But it’s also hard to overstate the impact of the post-war generation — economically, culturally and politically.

And with his 2015 solo show BOOM, closing out the RMTC Mainstage season, Toronto-based actor-writer-director Rick Miller (still probably best remembered here for his Simpsons and Shakespeare mash-up MacHomer) finds a creative and engaging way to join that conversation, if not necessarily redefine what we know about boomers.

Which is a shame, since Miller has the advantage of being an outsider looking at the boom generation. (His parents are the boomers — he maintains he was conceived on the night Neil Armstrong walked on the moon.)

But he takes an even-handed, almost documentary approach to the subject by focusing on the stories of three people — Rudi, who grows up in post-war Austria; Maddie, raised in small-town Ontario; and Laurence, a black man born and raised in America.

Their lives eventually converge in 1960s Canada, and all provide a different vantage point on the formative years of the boomers, from the explosion of the atom bomb that ended the Second World War to the moon landing of 1969.

Rick Miller in Boom

Miller provides spot-on impressions of dozens of characters as he covers nearly 25 years of baby boomer history. (David Leclerc)

They’re joined by a host of other characters, and Miller gets to show off his remarkable talents as an impressionist, and also as a very fine actor. Besides playing his three main characters — all richly defined and expertly performed — Miller takes on everyone from Winston Churchill to Pierre Trudeau to Walter Cronkite in stunningly good impressions.

He also laces in snippets of song, impressively mimicking styles ranging from Perry Como to Janis Joplin. The songs sometimes feel like a slightly forced nostalgia trip, but most add resonance and cultural context to Miller’s smartly paced 135-minute journey through nearly a quarter-century of history.

Along the way, he explores how the boomers responded to growing up in a world that was simultaneously one of greater abundance than ever before and under the perpetual threat of self-destruction.

Through his three central characters, we see how the boom generation defined themselves from the “contained” generation that had suffered the Depression and the war, and spawned the boomers.

And containment becomes a recurring theme in BOOM, notably in Yannik Larivée’s striking set, centred around a cylindrical enclosure in which Miller performs most of the show — a sort of time capsule in which Miller explores his own family history.

Rick Miller in Boom

Striking video, still image and text projections become almost another character in BOOM. (David Leclerc)

The outer walls of the enclosure become a curved screen onto which David Leclerc’s videos, still images and snippets of historical fact are projected. Those projections become almost another performer here, with Miller smartly interacting with videos and overdubbing famous scenes (some for laughs, like Trudeau’s famous “just watch me” speech, others for great dramatic effect, like Cronkite’s announcement of John F. Kennedy’s death).

It gives the show tremendous visual flair which, along with Miller’s masterful performance, makes it consistently intriguing.

It may not be explosive in its insights into the baby boom generation, but it is deeper, and more resonant, than a simple retrospective of the boomers’ greatest hits.

BOOM runs at the Royal MTC’s John Hirsch Mainstage until May 21.

Rick Miller in Boom

While not explosive in its insights into the baby boom generation, BOOM offers more than a simple retrospective of the boomers’ greatest hits. (David Leclerc)

Baby Boomers vs. Gen Y on housing affordability – Yahoo7 News

Inter-generational arguments over affordability have again become salient in the media.

Characterisations of moaning millennials were made by Yahoo7 Finance columnist Stephen Koukoulas, prompting a response from young writer Osman Faruqi that baby boomers should choke on my soy flat white.

Confusion around the severity of housing affordability arises because dwelling prices change daily, yet the institutional papers and ABS data we look to are retrospective.

The Submission to the Inquiry into Home Ownership by the Reserve Bank of Australia in June 2015 explored ownership rates as a possible proxy for understanding the severity of housing affordability, and whether expensive housing was keeping young people out of the market.

However, the home ownership rates referenced are only measured to 2012 – before the enormous housing boom of 2013 – and therefore the submission paper does not take into account the largest and longest housing boom we have seen in over 30 years.

Graph 1 shows the House Price Index for Australia’s eastern metropolitan markets over time. The increase in the HPI from 2013 (particularly in Sydney and other east coast markets) marks an unprecedented rate of growth in dwelling values.

GRAPH 1: HOUSE PRICE INDEX

Source: Residex

Housing affordability is an undeniable problem in Australia today. It is measured using the ‘median multiple’, which is a measure employed by the World Bank. It is found by dividing median dwelling prices by gross annual median household income.

An indicator of 5.1 or more is considered to be highly unaffordable.

We only have median household income data at a capital city level, up to 2012.

To get a more accurate figure, I have indexed income by changes in average weekly earnings so I could work out the median multiples for each capital city. With the exception of Canberra, the median multiple is well above 5.1. In Sydney it is currently about 13.

One of Koukoulas’ main arguments was that low interest rates have made it easier for young people to take out money to afford a home. He argues that baby boomers struggled with interest rates of over 17% in the 1980s.

While I don’t deny Koukoulas’ latter statement, it is important to get a better understanding of what low interest rates actually do to affordability.

Economics literature shows Australian’s have a high elasticity of demand for houses.

This means that the more money people have access to, the more likely they are to buy houses. Low interest rates make the cost of borrowing money cheaper and access to money easier.

When interest rates are low, the cost of housing is bid up higher because more people are competing for housing. Graph 2 demonstrates the inverse relationship between interest rates and Australian median house values.

GRAPH 2: INTEREST RATES AND MEDIAN HOUSE VALUES IN AUSTRALIA

Source: Onthehouse.com.au & ABS

Low interest rates have not worked in the favour of first home buyers.

In fact, in 2014, for the first time in recorded history and while the cash rate was at historic lows, more money was lent to people who were buying investment housing compared to people who were buying something to live in (see Graph 3).

This unusual phenomenon eased shortly after APRA placed higher risk weights and investment lending restrictions on banks, however it does show that owner occupiers, some of which are first home buyers, do not necessarily benefit from low interest rates.

GRAPH 3: LOANS TO INVESTORS VS. OWNER OCCUPIERS

Home owners also faced high unaffordability in the late 1980s when interest rates increased sharply and average home loans peaked at 17%.

The cost of loans became extremely high and some were forced to sell their home or take on multiple jobs in an attempt to pay off their rapidly growing debt. On top of this, house prices fell, which left some people with mortgage debt even after they lost their home.

ABS data shows that the average loan size of owner occupiers in NSW over the 1980s was approximately $80,000, while the average interest rate increased to 17% in 1989.

Assuming a 30 year mortgage on $80,000 taken out in 1989, the total repayments work out to be around $263 per week, at a time when the average person across NSW was earning between $359 and $620 a week depending on their job status and sex.

The $263 home loan assumption represents between 73% and 42% of average weekly earnings at the time.

Today, standard home loan rates are at approximately 5.35%. In February 2016, the average loan size taken out by owner occupiers in NSW was $416,000.

With the same loan assumptions as above, weekly repayments work out at approximately $536 per week.

In November 2015, the average weekly earnings across NSW ranged between $951 and $1,712, depending on labour force status and sex, making repayments between 56% and 31% of average weekly earnings.

This analysis is fairly ‘back of the envelope’, but looking at these numbers suggests that few owner occupiers today, nor many owner occupiers in 1989, could enjoy stress free and affordable weekly mortgage repayments – which is considered to be no more that 30% of income.

Exorbitant home loan repayments persist 25 years on, but for different reasons.

A surge in interest rates overwhelmed young home owners in 1989, whereas today many young people are lucky to overcome the deposit hurdle due to enormous dwelling prices.

In the case of owner occupiers today, this is with the ‘benefit’ of low interest rates.

Ambiguity still exists in this comparison, for many reasons. For example, average weekly earnings is looking at individuals rather than households.

Young people in the 1980s were more likely to have formed double income households than young people today.

1989 was a different world to 2016, particularly in terms of the nature of the economy, technology, job vacancies and the terms of employment.

However, a lack of affordability is not so much a generational problem as it is a socio-economic problem.

Years of analysis could be done trying to understand ‘who had it tougher’, but this seems like a waste of energy.

Low income households and single parent families will face tougher challenges than members of Generation Y who are in high income brackets.

Eliza Owen is the market analyst for Onthehouse.com.au. She can be contacted here.