In the News (from The Guardian): “Young, jobless, broke: today’s lost generation” – A recent survey by Post Office financial services found that most 16- to 24-year-olds believe that it will take a decade for their living standards to return to pre-crisis levels. On the wider labour market survey measure, an alarming 18.3% of 16-to 25-year-olds are unemployed. David Blanchflower, the labour market expert, said, “The danger is that we have a lost generation.”

My Comment: This means that their children will be just like them.

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