Another bit from the report:
And are those parents, mostly baby boomers who benefited from economic good times, tax cuts and free higher education to blame?
The figures
Baby boomers, people born between 1946 and 1965, will on average earn £740,000 during their lives, according to the Resolution Foundation.
Generation X, those now aged between 35 and 50, are projected to earn 13% more than that - £835,000 on average.
But the figure for millennials, the under-35s, is lower than that - they are forecast to earn £825,000 over their working lives.
Economic good times - did that include the 15% mortgage?
Tax is lower now than then
Early 'baby boomers' (I am not one, I am too old) had far less chance of a university education than those born in the 1980s and 1990s. About 5% went to university compared to the aim of Tony Blair for 50% (ten times as many) to have a university education.
Generation X - still a sensible generation according to my Gen X DD will earn £10,000 over a lifetime than Generation Y (according to DD1 they are the 'frivolous generation'.).
But we know only too well how wrong forecasts and predictions can be - in fact they are rarely right!
[sigh]