Bagehot: Generation Xhausted | The Economist

Looking back over some of my most popular blogs, I think this is worth a read.

Dr Alf's Blog

LONDON, ENGLAND - OCTOBER 20:  British Prime M... LONDON, ENGLAND – OCTOBER 20: British Prime Minister David Cameron leaves Downing Street for Parliament on October 20, 2010 in London, England. The Chancellor of the Exchequer George Osborne is set to announce the coalition government’s spending review in Parliament. The review is designed to tackle the country’s deficit and will outline swinging cuts throughout the whole of the public sector with many public sector jobs set to be axed and budgets significantly reduced. (Image credit: Getty Images via @daylife)

This article from Bagehot in the Economist would be funny if it were not so sad. I recommend it for a read. Check it out!

Bagehot: Generation Xhausted | The Economist.

Being older than the author, retired and having seen a fair bit of the World, of course, I see matters slightly differently. In my generation too, I saw enormous pressure to make progress up the ladder, then to…

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Income inequality: Who exactly are the 1%? | The Economist

Income inequality and mortality in 282 metropo...

Income inequality and mortality in 282 metropolitan areas of the United States. Mortality is correlated with both income and inequality. (Photo credit: Wikipedia)

Mind the income gap

Mind the income gap (Photo credit: Wikipedia)

I thought that this was an excellent article. I recommend that you check it out!

Income inequality: Who exactly are the 1%? | The Economist.

The article is very well researched and shows considerable insight into the changing nature of the top 1% in the US.

Most significant in the top 1% is the rise in representation by the financial community, especially investment bankers and hedge fund managers. For me, what was most alarming was that in the UK, the weighting of the financial community in the 1% was even greater.

I would expect that the 1% often support right of centre politicians who favour austerity, lower taxes and smaller government. This is potentially cataphrophic for the 99% who want more growth and not austerity.