Sorry, young people, but your prospects are worse than they've been for generations

Young people in Britain are facing their worst economic prospects for several generations, a major report has concluded.

The Equality and Human Rights Commission has finished its largest-ever review of equality across the UK in a state-of-the-nation report. Here's what it found:

• Younger people have suffered the greatest drop in income and employment

• They also face greater barriers to achieving economic independence compared to five years ago

• People under 34 have less access to decent housing and better-paid jobs, and also face deepening poverty

• Between 2008 and 2013, people aged 16-24 saw wages drop 60p an hour on average, to £6.70

• For the 25-34 bracket, wages fell £1.40 an hour to £10.60

Duncan Exley, director of the Equality Trust, said:

This is what living in such an extremely unequal country means. More and more people, most of them young, are being locked out of opportunities many of us have taken for granted.

This isn't a simple division between generations. We all want our children to have a decent, secure job, and a roof over their head. We want them to do better than we have. But that's not possible when the only real beneficiaries of our distorted economy are a tiny wealthy 'elite' and their offspring.

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