Intergenerational relations, or lack of them, is a subject Iâve been thinking about, on and off, since the financial crisis. Iâve read up on it, too â things such as the Institute for Fiscal Studiesâ report on intergenerational earnings mobility, which is wonky but full of fascinating information which needs some parsing. (Example: âWhile the educational attainment of ethnic minorities growing up in families eligible for free school meals is often higher than that of their white majority peers, their earnings outcomes show no such advantage.â Why not?) Another good source of data is the Office for Budgetary Responsibilityâs (OBR) report on intergenerational fairness â which, interestingly, is about the bluntest statement of fiscal unfairness that you can find. The OBR makes the point that âa current new-born baby would make an average net discounted contribution to the exchequer of ÂŁ68,400 over its life-time, whilst future generations would have to contribute ÂŁ159,700â. In plain English, peopleâs lifetime contribution to the state is going to double. That number is from 2011, and will definitely have got worse. In 2019, the House of Lords published a report on âTackling intergenerational unfairnessâ, which doesnât even bother pretending that the problem doesnât exist. Mind you, not everyone agrees. A 2023 report from Imperial College Business School argues âthere is more solidarity between generations than the âMillennials versus Boomersâ narrative would suggestâ.