While the brainwashed argue that everything is OK. Statistics prove them wrong.
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For much of the past 70 years, nearly all households in advanced economies have seen their incomes increase, thanks to mostly steady economic and employment growth. Between 1993 and 2005, 98% of households in 25 advanced economies experienced rising real incomes.
But in recent years this trend has ground to a halt, and even gone into reverse. A report by the McKinsey Global Institute, Poorer than their parents? Flat or falling incomes in advanced economies, found that between 2005 and 2014, the real income of up to 70% of households in advanced economies flattened or fell.
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Britain?s current young generation earned £8,000 less during their 20s than their predecessors and are at risk of being the first cadre of workers in modern times to see their lifetime earnings fall, according to new research.
A report by the Resolution Foundation highlighting the UK?s growing intergenerational divide showed that millennials, who are aged between 15 and 35, fared significantly worse than their parents in Generation X during their first years of employment.
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The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.
A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.
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Forbes falls back on it's all down to the recession in 2008. As id the bankers are still worse off than they were in 2008.
https://www.forbes.com/sites/timwors.../#2c735e434d50
This trend started before 2008 and that crash only exposed the West's reliance on a banking industry that rewards the rich. And the decline of jobs/wages outside the financial institutions.