We often hear that there is a large and unfair gap between the life-chances of the baby boomers – those persons now in their mid-50s to early 60s – and their children, the echo-baby boomers now in their 20s.
In reality, class inequality within generations is far greater than differences between generations. There are extremes of rich and poor and a shrinking middle-class within all age groups.
For young people today, good jobs are hard to find, student debt is soaring, and the cost of breaking into the housing market has never been higher. The economic recovery from the Great...