inter-generational strife

I do think this is a potential cause of inter-generational strife and one of the key reasons why young people cant afford a stake in many rural communities. The article tells us:

Working age households still have less money than they did before the financial crisis, but retirees have seen their incomes soar, new official figures reveal.

A typical working age household had £28,481 of disposable income in 2016, less than the £28,825 they had in 2007, adjusted for inflation, the Office of National Statistics reported on Tuesday.

Retirees, however, have enjoyed a 17 per cent increase in income since 2007, helped by generous pension spending and rising property values. The “triple lock” guarantee, introduced by the coalition in 2010 ensures the state pension rises by whichever is the highest of inflation, average earnings or 2.5 per cent.

By contrast, workers have seen wages stagnate for almost a decade, accentuating a growing generational divide in the UK.

In November, the Institute for Fiscal Studies found that people aged 22 to 30 have seen their incomes fall 7 per cent since 2007, while those aged over 60 have enjoyed an 11 per cent boost.