The inter-generational gap: The Pinch and the Punch
Picture credit – The Resolution Foundation The Pinch David Willetts’ 2011 book ‘The Pinch’ came complete with the provocative subtitle “How the baby boomers took their children’s future – and why they should give it back”. His central charge was that this supersized demographic cohort had managed to concentrate much of the nation’s wealth in their own hands, especially in terms of property ownership and vocational pension entitlements. On top of this, their political power elected governments that ran deficits…