Recent retirees drive pensioner incomes above those of working families

Published on

Wages & Income

Strong recent growth in typical pensioner incomes has been driven by new cohorts of pensioners who are more likely than their predecessors to still be in work, own a home and have access to generous private pension pots. This is according to new analysis published today (Monday) by the Resolution Foundation for the Intergenerational Commission. … Continued

READ MORE

Millennial men earned £12,500 less than the generation before them by the time they hit 30

Published on

Wages & Income

  Millennial men are falling behind the generation before them in their early careers, reflecting a shift towards young men doing low paid work traditionally carried out by women, Resolution Foundation Director Torsten Bell will say in the annual Grigor McClelland lecture to Manchester Business School later today (Thursday). The lecture, on 21st century inequality, … Continued

READ MORE

The Intergenerational Commission’s first call for evidence is open

Published on

Shared Growth

Questions of fairness between the generations are currently high on the agenda, and for good reason. Today’s younger generations are finding it more difficult to get on the housing ladder, experience slower pay progression and much lower levels of pension saving in their jobs, and can expect less from the welfare state when they fall … Continued

READ MORE

Millennials facing ‘generational pay penalty’ as their earnings fall £8,000 behind during their 20s

Published on

Wages & Income

Fresh evidence of the growing intergenerational inequality that new Prime Minister has warned of Britain’s longstanding promise of ‘generational pay progress’ could turn into a ‘pay penalty’ for millennials, who are at risk of being the first generation to earn less than their predecessors over the course of their working lives, the Resolution Foundation says … Continued

READ MORE