Have older people stolen their children’s future?
Ian Stewart's excellent Monday Briefing is read by thousands of people each week. The latest edition considers a key issue of intergenerational equity in the wake of events in the decade since the Global Financial Crisis.
Ian refers to a recent Resolution Foundation report which found that the average pensioner household has a higher income than the average working age household. Read the research here
Ultra low interest rates and quantitative easing may also have contributed to the surge in house prices and rents which has worsened the property affordability problem.
But the Briefing is excellent on subtle evaluation points - the squeeze on real wages is not simply about age. There are deeper long term effects arising from globalisation and rapid technological change.
Check out Ian's Monday Briefing and don't forget to subscribe!