Polly Toynbee, a long-time columnist, argues that younger generations, particularly Gen Z and millennials, are experiencing a significant decline in their economic prospects compared to previous generations. Factors such as high unemployment rates, stagnant wages, and rising housing costs contribute to this situation, with over 40% of 25-year-olds currently living with their parents.
New research indicates that young adults today are facing the most challenging start to adulthood in nearly 50 years, prompting discussions about the broken social contract between generations and the responsibilities of older generations towards the younger ones.