Generational Inequality

The Crises for Young People

The polarisation of society in aspects of wealth, education, prospects and voting habits used to be aligned firmly along class or location but today a greater divide can be found along generation lines. The old and the young do not have much in common.

The young earned less during their early careers.

They will spend more on rental housing costs while the old benefit from the accumulated wealth in their owned homes and the policies required to redistribute this capital would need a significant shift in the direction of travel across Western economies.

The trust in the young of the welfare state is so low, crowdfunding is their go to option.

Much has been written on the appeal to younger voters of the 2017 Labour Party manifesto with its pledges of scrapping tuition fees, affordable housing and more secure employment.

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What this means for the life chances for young people is covered in fascinating detail in a new book “The Crises for Young People; Generational Inequalities in Education, Work, Housing & Welfare” by Andy Green, Professor of Comparative Social Science, UCL Institute of Education. A free download, I found it an engrossing read, especially on the challenges facing this generation as they embark on their careers (page 60).

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Which is a valuable spark to remember the value of Careers and employer engagement work with young people. It can be a disruptive force for good and enable empowerment for individuals to navigate the tide pushing back against them.

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