Generational Divide

There is a perception of a growing generational divide taking hold among millennials and their baby boomer parents, as both groups now tend to believe that the economic future looks bleak for the younger generation, a new survey shows.

The survey, which was commissioned by the Broadbent Institute, found that millennials fear their working lives will be governed by precarious, short-term arrangements and that the gulf between rich and poor will grow.  Their parents, meanwhile, worry that the younger generation will not produce enough income to support the social programs they’re counting on in old age.

Here is my take:

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