Projects
Intergenerational Audit: Understanding changing living standards across cohorts
Project contributors: Brewer M, Falkingham J, Broome M, Hale S,
This Project is part of the following research programme/s:
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.
Publications & Activities
An intergenerational audit for the UK
Resolution Foundation (2022).
Authors: Broome M, Hale S, Cominetti N, Corlet A, Handscomb K, Murphy L, Slaughter H, Try L,
An intergenerational audit for the UK 2023
Resolution Foundation (2023).
Authors: Broome M, Corlett A, Hale S, McCurdy C, Pacitti C,
An intergenerational audit for the UK: 2024
Resolution Foundation (2024).
Authors: Broome M, Hale S, Slaughter H,
Housing Hurdles
(2024).
Authors: Acharya I, Broome M,
Molly Broome, panellist at event, NATCEN Society Watch 2024: Views of a Generation, London, 21 May 2024
NATCEN Society Watch 2024: Views of a Generation (2024). (London)
Authors: Broome M,
Old age tendencies. The impact of tax and benefit changes on intergenerational fairness ahead of the 2024 general election.
Resolution Foundation (2024).
Authors: Broome M, Clegg A, Hale S, McCurdy C,
Poll position. How intergenerational voting intentions have changed since the 2019 General Election
Resolution Foundation (2024).
Authors: Aref-Adib C, Hale S,
Trends in informal caregiving in Great Britain from 1985-2020
CPC (2024). Series Number: 111.
Authors: Evandrou M, Falkingham J, Qin M, Vlachantoni A,
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
Property divide between rich and poor is widening, says Resolution Foundation Mortgage Solutions. 2024
Home ownership is rising for young millennials - but the divide between rich and poor is widening Home ownership is rising for young millennials - but the divide between rich and poor is widening. 2024
New research from the Resolution Foundation highlights rising homeownership rates among younger millennials but warns of widening inequalities between income groups.
Will 2025 mark the start of the Great Downsizing? Fidelity. 2024
News article references research findings from the Intergenerational Audit 2024.
Big rise in gifts from Bank of Mum and Dad, says report Sky News. 2024
Intergenerational transfers 'having profound impact on people's economic prospects' Davis Burton Sellek. 2024
Molly Broome is quoted in this news article on chartered accountants - David Burton Sellek website about research findings from the Intergenerational Audit Report 2024.
Family money playing bigger role in helping young onto property ladder Mortgage Soup. 2024
See the Intergenerational Audit Report 2024.
UK parents spend £29 billion to help kids buy homes Business Times. 2024
How grandma helps to save parents £3.5billion a year in nursery fees by providing 766 million hours of free childcare The Mail. 2024
News article in The Mail about research findings from the Intergenerational Audit Report 2024, found that wealth transfers between generations are not equally shared across society, and those without wealthy parents are more likely to struggle to access housing, and have poorer economic prospects.
Middle class millennials set to gain most from 'unprecedented' wealth transfer The Guardian. 2024
Economist Molly Broome is quoted in The Guardian in an article about inheritance: "wealth transfers risk entrenching existing inequalities, as individuals without wealthy home-owning parents miss out on a double advantage."
Does Gen Z have it tougher than previous generations? Financial Times. 2024
Article about Generation Z quotes Molly Broome, economist at the Resolution Foundation.
Mind the age gap: how politics is being defined by young and old
Molly Broome, economist at the Resolution Foundation, is quoted in this article about how age is defining voter behaviour, "by the end of the decade, pensioner incomes are projected to be higher than non-pensioner incomes".
I'm a millennial who left London for a baby - but now we're trapped with few options Inews. 2024
News article about intergenerational inequality quotes economist Molly Broome.
'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 Shropshire Star. 2024
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
Election turnout divide between rich and poor is growing says report About Manchester. 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.
Millennials are getting poorer - and the government is to blame The New European. 2023
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.
Britain's inheritance boom could further decouple people's retirement age from their state pension age Resolution Foundation. 2023
Blog by Molly Broome on the Resolution Foundation about pension age change.
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.
Do young people really have it worse?; Generations Y and Z say they face financial hurdles their parents never had to leap. Lily Russell-Jones puts their claims to the test The Sunday Times. 2022
Article in The Sunday Times quotes research by Molly Broome
High taxes and 'no future' spark fears of mass exodus of young Britons The Telegraph. 2022
Article in The Telegraph quotes research by Molly Broome
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.
The system has worked for Boomers at every stage of their lives The Telegraph. 2022
Commentary piece in The Telegraph by Lord David Willetts
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.
