MAIL ONLINE: As it’s revealed today’s young will be 25 per cent worse off than their parents, the Newsnight presenter says he and his fellow Baby-Boomers have bequeathed little worth celebrating...
A few years ago, an American author wrote a book about the men and women who endured the Depression and then fought in World War II. He testified to their courage, vision and resilience by calling his book The Greatest Generation.
If anyone attempted to name their children — those born between about 1945 and 1965 — the so-called Baby-Boomers, they might consider calling them The Worst Generation.
It is now received wisdom that today’s young people may be the first generation in modern history to expect to be poorer than their parents.
Earlier this month, a report suggested the young will be 25 per cent worse off than their parents when they reach the age of 65 — the so-called ‘baby bust’ generation, having accumulated £400,000 less by the time they retire.
This may not be entirely their parents’ fault. But we should certainly take a good share of the blame. Read on and comment » | Jeremy Paxman | Monday, October 31, 2011
