Flawed Capitalism by David Coates

Author:David Coates
Language: eng
Format: epub
ISBN: 9781788211338
Publisher: Agenda Publishing
Published: 2018-11-20T16:00:00+00:00

Britain has a deep social mobility problem which is getting worse for an entire generation of young people … Our country has reached an inflection point. The rungs on the social mobility ladder are growing further apart. It is becoming harder for this generation of struggling families to move up … People born in the 1960s, 1970s and early 1980s have lower incomes than their predecessors did at their age. The twentieth century expectation that each generation would be better off than the one preceding it is no longer being met.30

The Institute for Fiscal Studies summed up the current condition of the UK middle class in this way:

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