The age of gilded youth is over. Today’s under-thirties are the first generation for a century who can expect a lower living standard than their parents. Research into the lifestyles and prospects of people who were born since 1970 shows that they are likely to face a lifetime of longer working hours, lower job security and higher taxes than the previous generation.
When they leave work late in the evening, they will be more likely to return to a small rented flat than to a house of their own. When, eventually, they retire, their pensions are far lower in real terms than those of their immediate forebears.
These findings are revealed in a study of the way how the ageing of Britain’s population is affecting different generations.
Anthea Tinker, professor of social gerontology at King’s College London, who carried out much of the work, said the growth of the proportion of people over 50 had reversed the traditional flow of wealth from older
A. currently wealth flows from old generation to younger generation
B. traditionally wealth flows from younger generation to old generation
C. with the increasingly big population of over 50, the trend arises that wealth flows from younger generation to old generation
D. with more and more people of over 50, traditions have been reversed
Today’s American Youth
Millions of words have been written about young people in the United States. There are reasons for this great interest in the ideas, feelings and actions of the youth.
Today there are about seven million Americans in the colleges and universities. Young persons under 25 make up nearly half of the American population. Many of these will soon be in charge of the nation. Naturally, their ideas are important to everyone in the country, and it is necessary for older people to understand what they think and feel.
College students today have strong opinions about right and wrong. They are deeply interested in making a better life for all people, especially for those who have not been given a fair chance before. They see much that is wrong in the older ways of their elders. So they insist on changing them. As a result, there is often trouble in American families.
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