A few people have asked me for more data and information on the jinxed generation article in Saturday’s paper, which shows the youngest cohort of people entering the labour market were the first in over 50 years not to have higher living standards then their immediate forebears.
This post will be quite long and full of charts. It essentially shows our working. Read more
The latest generation to enter the UK labour market is doing no better than those that came before, while living standards among people of retirement age are much higher than their forebears’, this interactive graphic of new FT research shows.
This chart shows the median disposable income of UK households, grouped by the age of the head of the household in ten-year cohorts. It is based on data from the Family Expenditure Survey and the Family Resources Survey that have been collected since the 1960s. These datasets, which underpin the government’s official poverty and inequality figures, containing household income information on over 730,000 households collected between 1961 and 2009-10. Read more
The popular and oft-quoted definition of a recession is two successive quarters or more of falling output, usually referred to as the ‘technical’ definition.
It is of course not really very ‘technical’ – and surprisingly is entirely unofficial. It is an easily measurable and easily understood rule of thumb that suits headlines rather than analysis. Read more
As the Greek debt-swap nears completion, a grey market for the new bonds is operating under rules designed for developing countries. In this video James Mackintosh, the FT’s investment editor, analyses whether investors should regard the price as a bargain or an invitation to be a victim of the next default.
Your birthday matters: children who are older when they start school as 4 year-olds outperform their peers. This is not a small effect, nor does it peter out as they get older. We can spot it easily at the national level among 16 year-olds. Read more