99%: Mass Impoverishment and How We Can End It

A clear, readable analysis of the inescapable fact that Generation Y (and subsequent generations) will be poorer than their parents, and how we should pursue other economic paths.

If you are part of the 99% – and there is a 99% chance that you are – then you are one of the first generation in living memory who can expect to be poorer than your parents, even as the economy continues to grow.

And you could be quite a lot poorer. If we continue as we are going, the civilisation we enjoy today will not last until 2050. Buying their own house is a distant dream for most young people; their wages are failing to keep pace with inflation; and more and more people are having to rely on food banks. Our age is one of chronic anxiety.

If the economy is doing so well, how can most people not be doing well? If the pie is growing, why aren’t we all getting bigger slices?