In the grim, grey aftermath of war, children were born on an unprecedented scale in a population explosion: the baby boomers – born between 1946 and the mid-60s – had arrived. When we baby boomers reached adolescence, creating the teenager in the process, it was as if the floodlights had been switched on, revealing a colourful, contrary, anti-authoritarian Britain. Only a third of millennials own their own home, compared with almost two-thirds of baby boomers at the same age. A third of millennials will, it is predicted, have a lifetime of renting with less space, poorer conditions, longer commutes and more insecurity than the baby boomers experienced. Some baby boomers are extremely wealthy – in assets.

Source: The Guardian April 28, 2018 23:03 UTC