Today the highly respected Institute for Fiscal Studies held a briefing on the Autumn Statement, to underline the state of the British economy.
In their briefing was this extraordinary chart.
It shows that since 2008, the youngest people in Britain are 7% worse off (earnings after inflation is taken into account.
Meanwhile, the living standards of the oldest people in Britain are 11% better off.
What it underlines is the extraordinary and growing generational divide among Britain oldest and youngest.
And it has been created by a Tory government that has continually apportioned more benefits and breaks to older voters than the young.
As the IFS’s Paul Johnson said today:
One cannot stress enough how dreadful that is — more than a decade without real earnings growth.
And…. Brexit has made it worse
Half of the wage growth projected for the next five years back in March is not now projected to happen.
If you’re feeling angry at the economy then its entirely justified