chem1st Posted March 17, 2012 Share Posted March 17, 2012 This is unprecedented! (And even before housing costs are taken into account!) Energy, optimism and ambition for the future are supposed to accompany youth. Disillusion and cynicism come later. That was true last century but, for today’s young and old, the tables are being reversed. The article explains that for the vast majority of generations of the 20th century, living standards improved. This trend often referred to as the 'generational promise' by the likes of our tribal political party (Labour) has now been broken. Those born in between 1985 and 1995 are now worse off. their disposable incomes have been overtaken by the boomers. Link = Search google for "Generations see fortunes reversed" and click on the FT link to read the article. (direct link will not work) For the first time since records were collected annually some 50 years ago (taking into account people born from the lates 1800s to today), the household income of people in their 60s now exceeds that of the household income of people in their 20s! Link to comment Share on other sites More sharing options...
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