Saturday, October 1, 2016

Stagnation Generation | UK's Intergenerational Concerns

Millennials are at risk of becoming the first ever generation to record lower lifetime earnings than their predecessors: In contrast
to the taken-for-granted promise that each generation will do better than the last, today’s 27 year olds (born in 1988) are earning
the same amount that 27 year olds did a quarter of a century ago. Indeed, a typical millennial has actually earned £8,000 less during
their twenties than those in the preceding generation – generation X.

Source: Resolution Foundation & Intergenerational Commission (July 2016).