Growing up Poor in London...
Gary talks about growing up poor. He also explains why things are getting worse and why he thinks there will be a Mental Health Crisis.
"We've created a generation of young men, who have had wealth & financial success shoved down their throats for their whole childhoods, and who have no legitimate means of getting those things"
SOCIAL MEDIA:
WEBSITE - www.wealtheconomics.org
TWITTER - @garyseconomics
FACEBOOK - @garyseconomics
INSTAGRAM - @garyseconomics
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Performed by Gary Stevenson
GARY'S ECONOMICS
Produced by Simran Mohan
MOHAN MEDIA
The stairway split 😁😁😁 I grew up on council estates and I guess we were poor. Growing up believing that upwards mobility is possible - and having teachers who believe in you- are key. Education and being technology savvy are often a way out/up.
And this generation are being educated in schools with severe cuts to their budgets and teachers are under intense pressure, if the schools can hire the right teachers and keep them!
Gary, I work in mental health and worked in a children’s prison for 3 years. 95% of those kids grew up in complete deprivation with multiple adverse childhood experiences - no coincidence that growing up in deprivation with multiple ACEs destroys individuals, families and communities. Very sad.
I'm not from the UK but shit is same everywhere, things need to be changed on global scale. This channel needs to grow fast and all of this needs to be heard. Thank you Garry, you're a legend! (Just don't start selling courses please 😂)
Yikes man. That bit at the end was heavy, but I think you're right. I'm 40 and grew up in a middle class home and even I'm in rental accommodation and wondering about my kid's futures. I'm lucky that my parents own their house outright, but it stinks that I basically have to wait until they die to get access to that money to buy a house and I can't get one from just working hard. If I could, I would! What's doubly frustrating is my 2 brothers are just 10 years older than me, and they got on the property ladder in the early 2000s, when credit was plentiful and house prices were still just about affordable, and they're now sitting pretty, while I struggle. If it's like this for me, I dread to think what it's like for people in their 20s or younger (and my kids). Something needs to change.
I nearly cried when you said you wore uniform on non-uniform day. I can't imagine my kids going through that
Bang on the money with this message. Making it hard to justify having kids unless you’re well off
That was eerily similar to my experience growing up in London just down the road from you in barking. I then moved away and ended up as a scientist and moving into that world made me incredibly aware of my class. Great stuff, thank you for so clearly articulating it.
Garry, you've really given me something to think about.
Great video - social mobility has been declining for too long. It's certainly only getting tougher out there
SO true and it's the same in parts of Manchester too.
Monopoly Game Question I have a question for you Gary... You're about to start a game of Monopoly with a small group of people, but before it starts, you're told you'll be the only player not to get the "passing go" money - Still want to play?
I absolutely love your channel, so glad I came across it.
Such important stories to hear... big props!
We need to get all poorer people up to the "starting line" at least! ...on the 1st of every month, with a UBI... because those with money are way ahead of the starting line already! For people to pull themselves up by their bootstraps, they first need boots! ...We can no longer rely on "the safety net", as safety nets aren't always strong enough and as time goes by, more and more people fall through the holes in the net, which have increased in size. ...We should now all have a platform to stand on...a platform which nobody can fall below! - in other words - we all should have a UBI, to give everyone the opportunity to "reach for the stars" or do voluntary work, without the fear of ending up on the streets in the process! People who don't need the extra money could use their UBI to sponsor a child or assist a family member who needs more help (maybe a child with special needs for example). After watching Gary, please Google... Google podcasts True Freedom Comes With UBI
UBI Now!!!!
Totally agree.
Wow- I had so many aha moments here! Thanks so much for sharing this valuable knowledge.
Glad you enjoyed it!
Great video. Really important stuff. Will be sharing to get more people aware of the situation we are in today.
Thanks JamJar!
Thank you for great and easily understandable arguments; I feel like we have a slightly different situation in Prague although the main point of that generational shift in being able to "make it" absolutely works here as well, even more so maybe because of the massive privatisation after Velvet Revolution.
Thanks Michaela, glad to see my videos have made it all the way to the Czech Republic!
Another great video, G! You never fail to impress your no.1 fan :p Keep up the good work!
Thanks G!
cheers for the video Gary, keep it up! Good old social media.. toxic if your naïve
Thanks Russell I'll keep at it!
Gary, I grew up in a council house and went to a grammar school in Ilford (probably the same one as yours). I can completely relate to your stories about middle class kids there and feeling the odd one out. Thing is I started there in 1978. I really would have hoped that things had changed by the time you went. Saddening that it's getting worse for kids from poor backgrounds.
This shit just makes me angry man. I left college in 2009 and because no one was hiring in the aftermath of the 2008 crisis, I spent 2 years taking all the unstable agency work I could get. I did everything. To this day, I feel like I continue to be taken advantage of by companies, even though I’ve managed to get myself into a large well-known company in the city. It’s exploitative. I don’t own a home, and the window of time for starting a family is closing rapidly and my fingers aren’t even tipping the sill yet. I won’t lie, kinda makes me wish I’d gone the way of some of the man round here that were in driveways and shotting around the time I was making beds in a Holiday inn.
No wonder male suicide rates are on the increase too. Pressure to be successful when the cards are stacked against you, no mater how many hours or how hard you work, is bound to push many down the wrong path. Modern Britain is broken and it seems that no matter what happens in Government the outlook gets worse as time goes on 😩
So very true.
Great video🙌
Thank you 🙌
Bang on. I am well on the way to buying and owning my own property and was due to sheer dumb luck. The kirsty Allslop's of this world drive me mad, just gibe up netflix, coffee and avacardo on toast and you will be fine. Total bloiody gaslighting if you ask me. 🙂👍
Bro, that's the problem in London, too many opportunities, too busy life. And if there's no one, who tells you how things work in life, then you have to experience it the real way, which does not always end up well. If there were more programs letting young people explore their talents, there wouldn't be so much violence and unequity.
Gary whats your recommendations then? Can you do a video of what you would suggest to help make money for the average poor family?
dude, these vids, crazy good! And totally on point, this is how societies decay; to quote the late BIG: "either you slinging crack rock or you gotta whicked jump shot"
"We gotta get out of this place if it's the last thing we ever do...": as true today as in the 60's, nothing says resentment like a ruling class wallet in a working class accent of the original mother tongue of the Original "sun never sets" Gangsters. Move over Dickens, new sheriff in town at a (KZhead) theater near you. Solidarity, right on!
Ergodicity Economics might be interesting
Whoa whoa whoa Lots of awareness about the socioeconomic status of the people around you, Gary, but you've probably spent too much time around men. I'm a woman, and I am wasting my youth trying to stash what little I earn away - one of the working poor, you could say. I don't want to depend on anyone else, and women generally know that financial dependence on a partner is one of the things that make us so vulnerable to various forms of violence. Lots of women feel like there is little they can do about this, particularly once they have kids, but for those of us who feel some hope that we may be able to "make it" on our own, the pressure is arguably even greater. Let's not make this a "young men" thing, it's a working class thing - a "most of the population" thing.
Sure, but apart from some notable exceptions proving the rule, oppressed daughters, wives, sisters, and mothers are less likely to slit your throat than oppressed young men. Something children of privilege might want to keep in mind while enjoying their fortunes.
hes not saying it isnt but hes saying its a young men thing aswell, stop making everything political and about gender...
I'm not making it about gender, but about class. Everything is political, btw @@LG-ro5le
And again talk about source of wealth: housing. Nobody or everybody should be having high CAGR on RE. RE CAGR is the problem. Decades of rates down.
After watching this, please KZhead... Massive Attack x Young Fathers
After watching this, please KZhead & share... Dr Martin no.1 determinant in health
Fifty years ago more than half (51%) of the English housing stock was owner occupied, 29% was rented in the social rented sector and 20% was privately rented. Fifty years later, 63% of the stock was owner occupied, 17% was in the social rented sector and 20.1% was privately rented. It is interesting to note that the number of properties privately rented (20%) remains almost unchanged, with a marginal 0.1% difference.