Millennials’ income gains have stalled across advanced economies, but the UK stands out for its living standards and housing ‘boom and bust’

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Incomes and Inequality, Intergenerational Commission

The 20th century growth story that has seen each generation enjoy higher incomes than the one before them has ground to a halt in nearly all advanced economies in the 21st century. However, the UK stands out for having experienced a ‘boom and bust’ cycle where strong income and housing gains for post-war generations have failed to … Continued

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Millennials are set for an ‘inheritance boom’ but it won’t solve their home ownership and inequality woes

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Intergenerational Commission

Millennials will enjoy the largest and most wide-reaching ‘inheritance boom’ of any post-war generation but it will be too late and too unequally shared to solve the generation’s home ownership and wealth inequality woes, according to a major new report published today (Saturday) by the Resolution Foundation. The report – the 13th for the Resolution … Continued

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Millennials on course to defy pessimism and enjoy similar retirement living standards to pensioners today

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Intergenerational Commission

  Millennials are on course to defy widespread pessimism about their retirement prospects and enjoy similar levels of retirement living standards to pensioners today, according to a new report published today (Monday) by the Resolution Foundation. As good as it gets? – the 12th report of the Resolution Foundation’s ongoing Intergenerational Commission – looks at … Continued

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Young people hit by spending squeeze as falling incomes and rising housing costs take their toll

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Incomes and Inequality, Intergenerational Commission

Young people have experienced the tightest squeeze on household spending since 2000 and now consume 15 per cent less than older working age people on items other than housing, according to a new report published today (Saturday) by the Resolution Foundation. The finding of a consumption ‘youth deficit’ is in stark contrast to common claims … Continued

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Millennials would rather have grown up in an earlier time

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Housing, Wealth and Debt, Intergenerational Commission

Britons across all age groups no longer believe that young people today will have a better life than their parents, with pessimism strongest among graduates and high earners, according to new analysis by Ipsos MORI for the Resolution Foundation published today (Saturday). The report, based on a survey of over 2,000 adults commissioned for the … Continued

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Main parties’ tax and benefit plans to hit younger generations hardest

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Intergenerational Commission, Tax and Welfare

The tax and benefit policies of the two main parties risk further straining the contract between generations by hitting younger working age families more than older generations, new analysis of the parties’ manifestos by the Resolution Foundation published today (Thursday) has found. Fairness between generations has emerged as a strong theme across both manifestos. The … Continued

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