Children of the 60s no better off than parents - except for inheritance
The children of the 1960s and 1970s will only be better off than the previous generation when they retire due to inherited wealth, a leading economic think-tank in the UK has found.
The Institute for Fiscal Studies (IFS) said people born in the two decades from 1960 will, on average, have no higher income or savings, will be less likely to own a home and will have smaller private pensions than their predecessors from 10 years earlier.
