Monday 13 November 2023

Perma-crisis people

The divergent economic prospects between generations

Advanced economies across the globe have experienced a series of unprecedented economic shocks since the start of the century. But they have not affected all generations equally. The disproportionate impact on the financial wellbeing of younger people has sparked concerns about generational fairness on both sides of the Atlantic. Fifteen years on from the global financial crisis, its impact is still being felt by the young, and the not-so-young-anymore, across Europe and America.

How have the living standards of millennials, boomers and Gen Xers fared on either side of the Atlantic? Have British generations been permanently scarred, or are they bouncing back? How have different cohorts coped with soaring housing costs, inflated asset prices, and wages that have barely budged in 15 years? And how can today’s working population expect to be supported in retirement, as the state struggles to reconfigure itself around an ageing population?

The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from its annual Intergenerational Audit, covering pay, jobs, incomes, housing, welfare and wealth, we will hear from leading experts on what these findings tell us.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.