Observer: In debt? No pension? You're in club 18-40
The most potent divide in British society is determined by when you first bought your house. If you're over 40 the chances are that anguished debates about insecurity, debt and the pensions crisis wash over you; after a 20-year house-price boom there is enough equity in your property to see you through. Under 40 and the story is different. Your role is to envelop yourself in debt to prop up the house prices and security of your elders.