The paper concludes that although many of the 1960s baby boomers will be better off in retirement than their parent’s generation, there is evidence that the poorest baby boomers have benefited relatively less from recent economic growth than the cohort on average, reflecting widening inequality within the cohort. The increasing emphasis on the individualisation of risk means that incomes in later life are likely to be more rather than less unequal in the future, with the result that some baby boomers may well fare a less secure retirement than their parent’s generation.

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