The Declining Fortunes of the Young

2020-02-27T08:30:27-05:00February 27, 2020|

By Era Dabla-Norris , Carlo Pizzinelli, and Jay Rappaport

Will I do as well as my parents?

A positive answer to this question once seemed a foregone conclusion; now, for recent generations, less so. Despite being more educated than their parents, millennials—those born between 1980 and 2000—may have less job stability during their working life. Concerns that it might be more difficult to break into the middle class, or to have enough retirement savings, are also rising to the fore in policy debates in many advanced economies. […]

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