Generation gap: young Brits less likely to 'do better' than their parents
Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But research by Jo Blanden, Stephen Machin and Sumaiya Rahman shows that plummeting earnings since the Great Recession mean that fewer young adults now are earning more than their fathers.
1 November 2019 Paper Number CEPCP566
This CentrePiece article is published under the centre's Labour markets programme.