The thing is, the “fear of precarity” is not the problem here! Those people are right to save in cash! The problem is that British middle class people save in a less sensible way than the American working classes do.
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It’s a worthwhile thing to get young people sensibly knowledgable about. My savings life transformed once I siphoned a chunk off to investments. There obviously have been big dips. But it’s an amount I don’t need imminently, so can afford high risk funds.
jul 17, 2025, 5:20 pm • 1 0 • view
Which will be for a range of issues, including how it is reported* and the lack of financial education. *I frequently despair of hearing “the markets” on the news as if they are strange godlike forces. It’s alien.
jul 17, 2025, 2:09 pm • 1 0 • view
Also on the news - layoffs etc in various industries to boost shareholder value. Not terribly keen to grab a slice of that action tbh.
jul 17, 2025, 2:22 pm • 0 0 • view
I wrote a short story about this very thing last year!
jul 17, 2025, 2:27 pm • 1 0 • view
Those child trust funds the Blair government did should have been 100% equity-only. Spending the first 18 years of your life watching a basket of equities would teach you a lot.
jul 17, 2025, 6:11 pm • 3 1 • view
Yeah, agree. In an ideal world would bring those back and part of the curriculum ask would be 'at 18, school leavers are equipped to make useful decisions about their nest egg'.
jul 17, 2025, 6:12 pm • 2 1 • view
I was surprised to see my bank doesn't appear to offer any kind of mixed ISA, and it strikes me if you want to encourage people to invest, that would be an easy way to do it? Let you adjust how much of your savings you want to put in stocks and shares.
jul 17, 2025, 3:30 pm • 0 0 • view
I mean you can just have... 2 ISAs?
jul 17, 2025, 3:33 pm • 0 0 • view
I genuinely didn't know whether you were allowed to do that.
jul 17, 2025, 3:40 pm • 0 0 • view
Afaik the only limit is the total amount you can pay in each year.
jul 17, 2025, 3:42 pm • 0 0 • view
Yep. I’ve a fixed one and an easy access one. Put as much in, up to the limit, as feasible on 6 April. That way it’s working for the full financial year.
jul 17, 2025, 3:52 pm • 1 0 • view
Yes, but tbf one would be more convenient, and there isn't really a persuasive argument against allowing them that I've seen
jul 17, 2025, 3:38 pm • 1 0 • view