Job conditions and salaries are worse, homes are even less affordable, zero-hours and part-time contracts are more common, personal debt is colossal, there are even longer waits for medical treatment, and the interest rate for student loans has increased.
When I look back on my younger days, it's hard to believe I had it so good. Salaries were generous, homes were relatively cheap, most jobs were permanent (and often included annual bonuses), I was never in debt (except later on with a mortgage), and medical treatment was prompt.
My year as an undergraduate now seems extraordinary. I got free tuition, a maintenance grant and a travel grant. If I did a degree now, I'd be up to my eyeballs in debt, and paying it off for years to come.
Some youngsters blame us oldies for this deterioration, which is nonsense because we oldies have always wanted people's lives to get better, not worse. It's the politicians who've presided over a flagging economy and crumbling public services. It was Prime Minister Tony Blair who ended free university tuition in 1998. It's successive governments that have allowed the growth in precarious job contracts. And it's the present government that has allowed the NHS to fall apart.
It must be very upsetting for parents that their children will be so much worse off. They must have wondered whether to have children at all, given the bleak future they'll be up against.




