Labour market· Intergenerational Centre Millennials facing ‘generational pay penalty’ as their earnings fall £8,000 behind during their 20s 18 July 2016 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
Housing· Intergenerational Centre Millennials have paid £44,000 more rent than the baby boomers by the time they hit 30 16 July 2016 Delivering the Prime Minister’s pledge to deal with ‘housing deficit’ is central to boosting younger generations’ living standards The combination of falling home ownership and rising costs in the private rented sector mean that today’s millennial generation will have spent £44,000 more on rent by the time they reach 30 compared to the baby boomers, … Continued READ MORE
Welfare· Intergenerational Centre Brexit defeat for millennials risks being compounded by huge tax and benefit transfer from young to old 3 July 2016 RF says repairing generational divide a crucial task for new PM as it announces new Intergenerational Commission The next Prime Minister must repair the stark intergenerational divide exposed by the EU referendum result, but the task will be made harder by tax and benefit plans they will inherit that are set to redistribute billions from … Continued READ MORE
Living standards· Intergenerational Centre Downturn has been felt very differently across generations 28 October 2015 Trend risks being reinforced over the parliament by welfare changes Commenting on new ONS figures published today (Wednesday) that ‘nowcast’ household incomes up to the year 2014/15, Adam Corlett, Economic Analyst at the Resolution Foundation said: “Today’s ONS figures highlight the depth of the recent living standards squeeze, and the welcome recovery in the last year, … Continued READ MORE
