Gen Y – Paying the price for baby boomers

The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.

A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies.

Pensioners have seen significantly higher disposable income growth than young people in almost every wealthy country over the last few decades

Chosen excerpts by Job Market Monitor. Read the whole story at  Revealed: the 30-year economic betrayal dragging down Generation Y’s income | World news | The Guardian