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Generation gap: young Brits less likely to 'do better' than their parents

Author

Listed:
  • Jo Blanden
  • Stephen Machin
  • Sumaiya Rahman

Abstract

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.

Suggested Citation

  • Jo Blanden & Stephen Machin & Sumaiya Rahman, 2019. "Generation gap: young Brits less likely to 'do better' than their parents," CentrePiece - The magazine for economic performance 566, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:566
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    File URL: https://cep.lse.ac.uk/pubs/download/cp566.pdf
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    Cited by:

    1. Summers, Kate & Accominotti, Fabien & Burchardt, Tania & Hecht, Katharina & Mann, Elizabeth & Mijs, Jonathan J.B, 2022. "Deliberating inequality: a blueprint for studying the social formation of beliefs about economic inequality," LSE Research Online Documents on Economics 114591, London School of Economics and Political Science, LSE Library.

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