It’s time to focus on intergenerational fairness

Mark Littlewood writes for The Times

In his bi-weekly column for The Times, IEA Director General Mark Littlewood turned his attention to the growing divide between the economic prosperity of younger and older people.

Mark argued that the lockdown strategy, albeit justified in some cases, severely impacted the prospects of the younger generation. Whereas pensioners’ incomes has been protected by the triple lock and many receive a host of free or subsidised perks like free bus passes.

Mark said: “The younger generation will increasingly — and perhaps rightly — feel they have no real stake in the economy. Their worry about the sort of natural environment they are going to inherit from their parents will surely start to include the economic climate too“.

Read the full article here.