#### How the Baby Boomers Took Their Children's Future - And Why They Should Give It Back (2010) `Author:` David Willetts `Availability:` [[Suggestions]] > [!info] > ![[The Pinch.book.webp]] ## Summary The Pinch: by Conservative politician David Willetts examines intergenerational inequality in Britain. ## Key Takeaways 1. Intergenerational Inequality -- Willetts argues that baby boomers (those born between 1945 and 1965) have disproportionately benefited from economic and social policies at the expense of younger generations. 2. Housing and Wealth Accumulation -- Baby boomers were able to buy property cheaply and benefited from rising house prices, while younger generations face unaffordable housing and stagnant wages. 3. Pensions and Welfare -- The boomers enjoy generous state pensions and social benefits that are not financially [[Sustainable]] for younger generations. The ageing population creates a burden on public finances. 4. [[Education]] and Social Mobility -- While baby boomers benefited from free university education and job security, younger generations face student debt and a more competitive, insecure job market. 5. Democratic Power Imbalance -- Older generations wield more political influence due to their larger numbers and higher voter turnout, shaping policies that protect their interests rather than investing in future generations. 6. Moral Responsibility -- Willetts suggests that baby boomers should "give back" by supporting policies that ensure fairness for younger people, such as affordable housing, sustainable pensions, and investment in education. The book was influential in shaping debates on generational fairness in the UK, particularly around housing policy and public spending. ## Quotes - ## Notes - [ ] Meant to be a warning not a training manual 🆔 lwdCMU #books `Concepts:` `Knowledge Base:` [[Books index]]