Posted on 07/18/2016 5:05:36 PM PDT by BenLurkin
The report, "Stagnation Generation", calls for the social contract between young and old generations to be renewed, as millennials are at risk of becoming the first generation to earn less over their lifetime than earlier generations.
According to the report, in the U.K. today's 27 year olds are earning the same amount as a 27 year old would have 25 years ago.
"A typical millennial has actually earned £8,000 ($10,587) less during their twenties than those in the preceding generation – generation X," the report claims.
...
Meanwhile, young people are failing to get onto the property ladder. The report claims someone from the baby boomer generation at the age of 30 was 50 percent more likely to own their own home than a millennial of the same age.
"Millennials are spending an average of £44,000 more on rent in their 20s than baby boomers did," the report warns.
The report, published this week, was produced by the Intergenerational Commission, a group of business leaders, academics and policy experts which is tasked with examining the issue of intergenerational justice. The Commission is run by an independent think tank, the Resolution Foundation.
(Excerpt) Read more at cnbc.com ...
Can somebody here please tell me what that means???
My generation had no cell phones and iPads. Where’s my justice?
Gravy for everybody! As long as somebody else is paying for it.
Funny, that.
“My generation had no cell phones and iPads. Where’s my justice?”
Yep, when you were out for the day, that was it. It was “call me tonight”.
Yes, the LGBT studies, the Africana Studies. I always wants to know what type of job can you get with those majors. I’ve always wanted to know.
Vote Trump for justice.
Hey they voted for the ‘freebies’ from the democrats. Whatever ‘contract’ existed, is null and void.
This is mealy mouthed BS doublespeak that means “We (millennials) want more money because you (Boomers, Gen X, Gen Y) didn’t deliver the better world you promised”
Is this the same organization, “The Intergenerational Welfare Reform Commission??”
That is your social contract dumb asses...
Fuqum. They can come talk to me after they have there first quadruple bypass at 45
Welcome to socialism, millenials.
Yeah, well I never got my flying car that packs up into a briefcase....
Autocorrect error: “Snowflake” not “stagnation” generation.
Death to the beheadable millenials!
They need a boot in the ass for a start.
If they vote for socialists then they have no one to blame but themselves.
Yep...Get their collective azzes out of their “safe spaces” and make them EARN a living....
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