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  • Project contributors: Brewer M, Falkingham J, Broome M, Hale S,

    This Project is part of the following research programme/s:

    Connecting Generations

    Intergenerational exchange

    Overview

    The Intergenerational Commission, chaired by Lord Willetts, highlighted the challenges facing the social contract between generations, with rising job and housing insecurity experienced by young people alongside a social care system not fit to support older generations. Responding to the need to better understand the diverse set of factors underlying equity between generations, the Resolution Foundation publishes the Intergenerational Audit for the UK, providing a stock-take of generational differences in living standards within the four domains of 1) Jobs, skills and pay, 2) Housing costs and security, 3) Taxes, benefits and household income and 4) Wealth and assets.

    The Connecting Generations collaboration will support the further production of this flagship publication. A key focus will remain the documentation of changes in economic living standards, with 'deep dives' highlighting particular issue of concern.

    The Audits will give rise to policy roadmaps which add fresh evidence to policy debates on living standards from an intergenerational angle.

    This research project is led by Professor Mike Brewer and Sophie Hale.

    Policy Engagement

    Sophie Hale and Molly Broome met with the Cabinet Office to discuss findings from the 2023 Intergenerational Audit: Understanding changing living standards across cohorts, 21 November 2023
    Sophie Hale and Molly Broome met with the Economic and Domestic Secretariat of the Cabinet Office to discuss the research findings from the CG project 'Intergenerational Audit: Understanding changing living standards across cohorts', published in 2023. Specifically, they discussed intergenerational wealth transfers and living standards. Contributors: Hale S, Broome M,

    Sophie Hale and Molly Broome shared findings of the 2023 Intergenerational Audit with policy actors in the Department for Levelling Up, Housing and Communities Analysis and Data Directorate and other Government Departments, 23 January 2024 (2024)
    Sophie Hale and Molly Broome presented findings from the Intergenerational Audit: Understanding changing living standards across cohorts to the DLUC (Department for Levelling Up, Housing and Communities) and other policy makers in a meeting with them on 23 January 2024. Contributors: Hale S, Broome M,

    Media

    'The Whole Country Is Falling to Bits': Britain's Young Voters Are Frustrated The New York Times. 2024
    Economist Molly Broome quoted in The New York Times in an article about young people feeling disillusioned about politics, and how age not income is now defining the way in which the electorate vote.

    Pensioners 'have been biggest winners from tax and benefit changes since 2010' The Independent. 2024
    Report by the Resolution Foundation finds that since 2010, government policies on spending, tax and benefits have tended to favour the older age groups.

    Voter Registration Day: Surge in Millennial Registrations Could be Another Blow for Conservatives Byline Times. 2024
    The news article references research by the Resolution Foundation which found that turnout for millennials is likely to be lower in the next election.

    The richest generation in history? Why those born from 1981 to 1996 can make a significant profit in the next 20 years Vox. 2024
    Research by the Resolution Foundation quoted in news article about Millennials becoming the richest generation. See publication: Broome M, Corlett A, Hale S, McCurdy C, Pacitti C, (2023) An intergenerational audit for the UK 2023, Resolution Foundation.

    Millennials on course to become 'richest generation in history' The Guardian. 2024
    News article in The Guardian quotes research findings from the Intergenerational Audit for the UK 2023.

    New age or age-old appeal. How different generations view the parties and issues that will determine the General Election Youtube. 2024
    The Resolution Foundation hosted an in-person and interactive webinar based upon new research on intergenerational voting. See briefing paper: Camron Aref-Adib & Sophie Hale, Poll Position, How intergenerational voting intentions have changed since the 2019 General Election, Resolution Foundation, February 2024

    Low millennial turnout will boost Conservatives at election, says Resolution Foundation The Telegraph. 2024
    News article in The Telegraph references research by the Resolution Foundation which found that turnout for millennials is likely to be lower in the next election, which could benefit the Conservative Party.

    How millennials became the hardest working generation The Independent. 2024
    Article in The Independent about attitudes to work across the generations quotes Sophie Hale, and the report, An intergenerational audit for the UK 2023, which found that British millennials are still impacted by the 2008 financial crisis.

    UK millennials are worse off than previous generations Money Week. 2023
    Sophie Hale quoted in news article about how UK Millennials are worse off than other generations, relating to findings from the 2023 Intergenerational Audit from the Resolution Foundation.

    British millennials still bearing scars of 2008 financial crisis, says research The Guardian. 2023
    News article in The Guardian about the findings of the 2023 Intergenerational Audit from the Resolution Foundation finds that UK Millennials are not doing as well as their US counterparts.

    Molly Broome was interviewed on LBC radio on the topic of living with parents and youth homeownership

    They're not moaning, the young really are worse off The Times. 2023
    Molly Broome from the Resolution Foundation points out how younger working people today are faring worse due to stalling pay progression and from receiving less from the state.

    Why there is a case for different state pension ages across the country INewspaper. 2023
    Commentary piece in Inews by Molly Broome about the Government's decision to increase the state pension age.

    Young people will struggle most to pay rising energy bills, report says ITV News. 2022
    Molly Broome, economist at the Resolution Foundation quoted on ITV website about how the cost-of-living crisis will impact generations differently.

    Cost of living: Older people face biggest income squeeze from surging energy bills Yahoo News. 2022
    Article in Yahoo news refers to report published by the Resolution Foundation, 'An intergenerational audit for the UK', which in part looks at how the cost-of-crisis has affected different age groups.

    Energy bills: older Britons will pay more but youngest will struggle most, report finds The Guardian. 2022
    Molly Broome, economist at the Resolution Foundation quoted in The Guardian about how the cost-of-living crisis will impact generations differently.

    Molly Broome interviewed on the Intergenerational audit report

    Mortgage Crisis: What Does It Mean For You? ITV Tonight. 2022
    Sophie Hale was interviewed in an ITV documentary about mortgage costs, 'Mortgage Crisis: What Does It Mean For You?'.

    Molly Broome Interviewed on Good Morning Britain about the intergenerational audit for the UK report.

    Tories don't dare pinch pensions - but even the old are starting to think they should The Times. 2022
    Article in The Times quotes Lord David Willetts and his views on wealth redistribution between the generations.

    How Britain became a gerontocracy Resolution Foundation. 2022
    Blog by Lord David Willetts on the Resolution Foundation website about Britain being a gerontocracy.

    How Britain became a gerontocracy The Times. 2022
    Lord David Willetts writes an opinion piece in The Times about the older generation holding the wealth and power in Britain.