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Subject
UK intergenerational inequity.
Significance
UK intergenerational inequity has increased in recent decades. The lockdown is affecting younger people disproportionately as they tend to live in more cramped conditions and are more at risk of losing their jobs.
Impacts
An age- and region-specific lockdown exit strategy could mitigate the disruption to younger generations.
The attitude of millennials to debt, particularly if they have not yet bought a home, will be key to whether consumer debt rises or falls.
The goals of government and companies may change as leadership roles go to younger generations more fearful of climate change.
Keywords:
United Kingdom,
EUR,
INT,
International,
economy,
employment,
labour,
pensions,
property,
welfare,
social,
finance,
growth,
health,
population
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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