What policies would make the economy work better for today’s youth?
All over the world, the economic cost of the pandemic has been borne disproportionately by the young. This is the second global crisis in just over a decade to damage young people’s prospects, creating macroeconomic shocks that have compounded structural shifts in pensions, housing, education and employment – putting a heavier burden of risk and instability on their shoulders. Inequality between generations, particularly in the housing market, now threatens to entrench inequality within generations too. For young people, the wealth of their parents and grandparents is beginning to matter more for their prospects than their own earnings. The FT believes policymakers must now offer a new deal to young people to change this trajectory. It is in the interests of all of us who will rely on these generations to sustain our economies and support our old age.
Supported by NUS Business School, FT Live will host a series of free, hour-long, live panel debates in the week of April 26-30, to coincide with the publication of a series of opinion pieces, in which FT writers make the case for specific policies that would make the economy work better for young people.
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