The children of the 1960s and 1970s will only be better off than the previous generation when they retire due to inherited wealth, the Institute for Fiscal Studies has found.
It marks the first time incomes and living standards fail to rise since the end of the Second World War.
On average they will have no higher income or savings, will be less likely to own a home and will have smaller private pensions than their predecessors from 10 years earlier.
The only respect in which people born in the two decades from 1960 will be better off is that they are more likely to inherit.
More top news
Charity Divert is working with the Metropolitan Police Service (MPS) to stop reoffending by intervening at the point of detention.
Conservationists are using a technique called ‘tickling’ to round up young field crickets to help establish new populations.
Mark Meechan has raised issues of free speech after being found guilty of a hate crime.