The last three columns in this series looked at the gaps between the generations below and above forty. Four stylised sets of facts surfaced. Even though the generation entering its forties today is far better educated, relative to the previous generation at the same age, members of this ‘millennial’ cohort earn less, pay more, have far fewer assets, and keep less of the increases in productivity due to them. This cohort, like all cohorts, is aging. The policy problem of the coming decades will be what to do with a large group of assetless older people. Wealth inequality in particular is…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.