People in their early 30s are half as wealthy as those now in their 40s were at the same age, a report finds.
30-something generation has missed out on house price increases and
better pensions, according to research by the Institute for Fiscal
Studies. Those born in the early 1980s have an average wealth of
£27,000 each, against the £53,000 those born in the 1970s had by the
same age, said the IFS. They will also find it harder to amass wealth in the future, it added.
think tank found that people born in the early 1980s were the first
post-war group not to have higher incomes in early adulthood than those
born in the preceding decade.
“This is partly the result of the
overall stagnation of working-age incomes,” it said. “But it also
reflects the fact that the great recession hit the pay and employment of
young adults the hardest.” (x)
aka - why Millennials are “ruining” everything that Baby Boomers love.
Winner of the 2005 Oscar® for Best Short Animation
This Oscar®-winning animated short from Chris Landreth is based on the life of Ryan Larkin, a Canadian animator who produced some of the most influential animated films of his time. Ryan is living every artist’s worst nightmare - succumbing to addiction, panhandling on the streets to make ends meet. Through computer-generated characters, Landreth interviews his friend to shed light on his downward spiral. Some strong language. Viewer discretion is advised.