Pinch: How the Baby Boomers Took Their Children's Future - and Why They Should Give it Back

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Atlantic Books, May 1, 2011 - Business & Economics - 240 pages
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The baby boom of 1945-65 produced the biggest, richest generation that Britain has ever known. Today, at the peak of their power and wealth, baby boomers now run the country; by virtue of their sheer demographic power, they have fashioned the world around them in a way that meets all of their housing, healthcare, and financial needs. In this original and provocative book, David Willetts shows how the baby boomer generation has attained this position at the expense of their children. Social, cultural, and economic provision has been made for the reigning section of society, whilst the needs of the next generation have taken a back seat. Willetts argues that if our political, economic, and cultural leaders do not begin to discharge their obligations to the future, the young people of today will be taxed more, work longer hours for less money, have lower social mobility, and live in a degraded environment in order to pay for their parents' quality of life. Baby boomers, worried about the kind of world they are passing on to their children, are beginning to take note. However, whilst the imbalance in the quality of life between the generations is becoming more obvious, what is less certain is whether the older generation will be willing to make the sacrifices necessary for a more equal distribution. The Pinch is a landmark account of intergenerational relations in Britain. It is essential reading for parents and policymakers alike.
 

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Contents

Cover
Breaking
Spending the Kids Inheritance
The Social Contract
Ages and Stages
Why Bother About the Future?
Time for Childhood
Houses and Jobs Generation Crunch
Copyright

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About the author (2011)

David Willetts has been the Member of Parliament for Havant since 1992. He has worked at the Treasury, the Number 10 Policy Unit, the Centre for Policy Studies, and served as Paymaster General in the last Conservative Government. He has served in the Shadow Cabinet for over a decade, with particular responsibility for education, work, and pensions.

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