Europe Faces Lost Generation as Inequality Mounts, Lagarde Warns

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The incomes of young people have recovered after dropping when many lost their jobs following the financial crisis, according to the IMF. Still, youth incomes haven’t grown compared with pre-crisis levels, whereas the incomes of those 65 or older have risen 10 percent since their pensions were protected, Lagarde said in a blog post-Wednesday.

Working-age people, and especially the young, are falling behind,” she said. “Without action, a generation may never be able to recover.” Read more here→https://www.bloomberg.com