“Generational inequality risks becoming a new inequality for our times”: According to a new report by the Resolution Foundation, millennials in the UK are earning GBP 8k less than their predecessors, Generation X, were earning when they were at the same age, the Guardian reported. The future does not seem bright either, with the report adding an optimistic scenario for the future, where the future pay of millennials increased rapidly after a slow growth, their generational pay progress would be set at only 7% over their predecessors, with lifetime earnings at GBP 890k. A more pessimistic scenario would see lifetime earnings cut to GBP 825k, where they’d face a generational pay penalty. This issue can partly be blamed on the financial crisis, however, researchers claim that this trend existed before that. While these researchers also state that “public policy has ignored for too long” the issue of fairness between generation, the new UK government under Theresa May has addressed the growing gap between “a more prosperous older generation and a struggling younger generation.” This trend has also showed signs of prevalence in the United States, where the median income of young adults today was found to be USD 2k less than their parents.