Born after 1960? You're probably poorer than your parents
Larry ElliottThe political row over falling living standards was stoked on Tuesday as it emerged that earnings-squeezed and pension-poor Britons born in the 1960s and 70s need inherited wealth to be better off in retirement than people born in earlier decades.
After an autumn in which the cost of living has dominated Westminster debate, the Institute for Fiscal Studies (IFS) said its research showed the days when each generation could expect to be better off than their predecessors might be ending.
The in-depth survey of people born between the Battle of Britain in 1940 and the arrival of Margaret Thatcher in Downing Street in 1979 found that a decade in which real incomes have stagnated – coupled with changes to pensions and high house prices – has made life tougher for people currently in their 30s, 40s and early 50s than those born earlier.
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"Born after 1960? You're probably poorer than your parents", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), décembre 2013. Consulté le 21/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/born-after-1960-you-re-probably-poorer-than-your-parents