At the heart of our social contract and our economy is the belief that each generation should enjoy higher living standards than the ones before them. However, from earnings to home ownership, progress has stalled. As a result generational equity has risen up the political agenda. It raises deep questions. What obligations do we have to future generations? What obligations do we have to today's generations throughout the lifecycle? How can policy deliver any social contract? And does a focus on generational unfairness blind us to more pressing social problems? After the success of our Intergenerational Commission the Resolution Foundation has established the Intergenerational Centre as home for analysis and proposals on intergenerational issues. In a series of events, starting this month and carrying on into next year, the Centre is exploring key issues, from how generational transfers are handled at home, to the impact of technology, demography and climate change on generational interdependence. In the first of this series of events, the Resolution Foundation will host a panel of experts to explore whether Britain does have a generational contract, and what that means for our politics, economics and society. The panel – including Professor David Runciman, host of the Talking Politics podcast – will be chaired by Lord David Willetts, President of the Intergenerational Centre and author of The Pinch. An audience Q&A will follow. Speakers David Runciman, Professor of Politics at University of Cambridge Jennie Bristow, Visiting Research Fellow, Centre for Parenting Culture Studies and Senior Lecturer in Sociology at Canterbury Christ Church University Hannah Shrimpton, Research Manager, Ipsos MORI Lord David Willetts, President of the Intergenerational Centre

7. Millennials: Myths & Realities | May 2017 | Public
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7
@h_shrimpton
WHAT DO THE
PUBLIC THINK?
Hannah.shrimpton@ipsos.com
HANNAH SHRIMPTON

8. 8Millennials: Myths & Realities | May 2017 | Public
Base: 1099 GB adults 15+
PEOPLE BROADLY AGREE WITH THE PRINCIPLE…..
To what extent do you agree or disagree that every generation should have a higher standard of living than the
one that came before
19%
40%
31%
6%
2% 2%
Strongly agree Tend to agree Neither agree nor disagree Tend to disagree Strongly disagree Don't know

9. 9Generation Z: Beyond Binary | July 2018 | Public
Base: 1099 GB adults 15+
BUT THEY DON’T BELIEVE IT’S HAPPENING NOW
23%
48%
BETTER
WORSE
43%
12%
2017 2003
To what extent, if at all, do you feel that young adults in the UK (aged 17-36) will have had a better or worse life
than their parents, or will it be about the same?

10. 10Generation Z: Beyond Binary | July 2018 | Public
MILLENNIALS ARE MORE PESSIMISTIC…
% agree that given the choice, I would prefer to
have grown up at the time when my parents were
children
33%
27%
32%
8% 13%
20%
64%
Base: 1099 GB adults 15+
Millennials Baby Boomers
% agree that given the choice, I would prefer to be
a young person growing up today than when I was
a child
Agree
Disagree
Neither/nor
Don’t know

11. 11Generation Z: Beyond Binary | July 2018 | Public
Net difference (% better
life minus % worse life)
ECONOMIC PROSPECTS
-63
-51
-43
-43
-42
-35
-32
-32
-12
-7
-4
AND SAFETY ARE THE KEY
Being able to own their own home
Being able to live comfortably at retirement
Having a secure job
Global stability and safety from war
Competition for jobs and services due to immigration
Being safe from crime
Having enough money to live well
Government working in their interests
Having a successful career
Having access to affordably-priced goods and services
Having access to good healthcare
Base: 1099 GB adults 15+
AREAS OF CONCERN

12. 12Generation Z: Beyond Binary | July 2018 | Public
AGREEMENT ON THE KEY CULPRITS..
Increasing house
prices
Lack of stable job
opportunities
Decision to leave
the EU
World is more
dangerous
Base: 1099 GB adults 15+

13. 13Generation Z: Beyond Binary | July 2018 | Public
BUT THERE ARE SOME DIFFERENCES (AND SOME BLAMING)
MILLENNIALS….
• Impact of high immigration (27%)
• Poorer work ethic/sense of
entitlement of young adults (22%)
• Young adults not saving enough for
housing deposits (21%)
• Young adults not saving enough for
retirement (19%)
• Decision to leave the EU (32%)
• Decreases in starting wages (19%)
• Government policies favouring
older adults (16%)
• Older people taking a greater
share of wealth and income (12%)
BABY BOOMERS…

14. 14Generation Z: Beyond Binary | July 2018 | Public
Net difference (% better life
minus % worse life)
NOT JUST DOOM AND
+67
+34
+26
+22
GLOOM….
Having access to information and entertainment
Being able to travel abroad
Being free to be true to themselves
Having a good education
Base: 1099 GB adults 15+

15. 15Generation Z: Beyond Binary | July 2018 | Public
24%
23%
19%
11%
WHAT CAN WE DO ABOUT IT?
Most important
Least important
Reducing welfare benefits available to retired families
Shifting the balance of taxation from young to old
Increasing welfare benefits available to working-age families
Improving security and stability in private-rented housing
29%
29%
29%
31%
Making jobs more stable and secure
Supporting growth in the economy as a whole
Improving the availability, affordability and quality
Increasing the number of houses available to rent or buy
of health and care services

16. 16Generation Z: Beyond Binary | July 2018 | Public
MUCH MORE IN THE REPORT…
If you’re a grandma in a million pound Kensington
house and you get a winter allowance then fair play
to you. I’m not going to take it away from you. Why
would I? You’re rich, you earned it….You’d probably
release the dogs on me anyhow ”
Millennial