Young people are poorer than older people. And it’s not simply because the old have worked all their lives and are enjoying the fruits of their labours in their sunset years.
The wealth gap between the young and the old is on the rise in England. These were the stark findings of our research into deprivation levels between 2004 and 2015. We measured wealth (or lack thereof) using the the UK government’s English Index of Multiple Deprivation data, which pulls together relative deprivation across seven domains: income, employment, education and skills, health and disability, crime, barriers to housing and services, and living environment.