Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest
Related: Rust-belt romantics don’t get it: the middle class is being wiped out too | Aditya Chakrabortty
The engine of capitalism is struggling to create the abundance that was once taken for granted. The basic hope that parents have for their children – that their lives will be better than their own – is being lost. For many, life isn’t just not getting better. It’s getting worse.
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