Who would be a millenial?

michaels

http://www.bbc.co.uk/news/business-36821582

Lower lifetime wages for the first time in a modern society and of course much higher housing costs.

Of course more inheritance for some but that is hardly progressive.

Easy to blame the higher labour availability as a result eu migration skewing returns from labour to capital but looking internationally it is normally globalisation that is blamed for hollowing out - perhaps we are just protecting our older generations by restricting house building?

DiggerUK

The research comes as Prime Minister Theresa May warned last week of a growing divide between a "more prosperous older generation and a struggling younger generation".

And a class of people who are so obscenely wealthy, that they can't spend all they have, and secrete billions in tax havens..._

Mistermeaner

there has always been and will always be a very very small minority of incredibly rich people.

This article is about what is happening to most people

cells

at the same time its going to be the generation that inherits and gets gifted more wealth than any other generation before it

mwpt

cells wrote: »

at the same time its going to be the generation that inherits and gets gifted more wealth than any other generation before it

In real or nominal terms?

Graham_Devon

cells wrote: »

at the same time its going to be the generation that inherits and gets gifted more wealth than any other generation before it

This is a red herring though - for most who do receive inheritances, they receive them in their 50's and 60's.

Very few receive an inheritance at the point in life where they most need financial support (i.e when they are buying a house and having children themselves).

And to be honest, I doubt most people would want an inheritance that early.

It a bit of a "jam tomorrow" argument. Things may be worse than they have been for everyone before you, but just wait, you may receive something in 30-40 years time.

missbiggles1

And now they've had the possibility of living in another EU country closed to them or, at the very least, made more difficult.

edinburgher

Graham_Devon wrote: »

And to be honest, I doubt most people would want an inheritance that early.

I wouldn't say no if it was a rich uncle I'd never met :rotfl:

wotsthat

Does that mean boomers are off the hook and we now need to share the hate with Gen X'ers?

I still fully expect that millenials will be the most wealthy generation ever to have lived in the UK. Worst case scenario - they'll be in second place.

PasturesNew

That's just the result ... the cause is the richer people keeping more of the cake for themselves.

Saying old/young is a ploy to divert the attention of the young away from the rich ones hoarding the wealth and opportunities....

Those hoarders are hoarding it from everybody.... whether you're 20 or 60 you've less opportunity/income potential because it's all being trousered to make great instagram selfies on yachts.

Mistermeaner

who are the horders?