Boomers shut­ting out their off­spring

The Times (South Africa) - - The Things You Need To Know Today -

was net­ted at the Christie’s sale of mod­ern art — de­scribed as a “solid” out­come is the world record for a work sold at auc­tion: Pi­casso’s ‘The Women of Al­giers’ in 2015 Mil­len­ni­als strug­gle to earn more money and find bet­ter jobs than their par­ents, de­spite be­ing bet­ter trained.

Aged 17 to 35, mil­len­ni­als face tougher bor­row­ing rules, ris­ing home prices and lower in­come mo­bil­ity, says bank Credit Suisse. “With baby boomers in most top jobs and much of the hous­ing, mil­len­ni­als are do­ing less well than their par­ents at the same age.”

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