Don’t burden millennials with the COVID recovery bill
Policymakers should ensure the burden of rebuilding is shared equally and not unfairly borne by the young, writes Mark Rowland.
Intergenerational fairness (that is, allowing all age groups and generations fair access to resources) has faltered in recent years. The arrival COVID-19 is making matters worse. Part of building back better is ensuring the challenges and opportunities that arise during the recovery period and beyond affect everyone proportionally.
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Policymakers should ensure the burden of rebuilding is shared equally and not unfairly borne by the young, writes Mark Rowland.
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16 July: A fair recovery must focus on getting young people into work, addressing the housing crisis and reforming the tax system, intergenerational fairness expert Maja Gustafsson tells ICAEW Insights.
4 June 2020: As we face a steep economic downturn, how can we mitigate the effects of the current crisis on younger generations who tend to shoulder a heavier burden when it comes to recession?