A watchdog is to warn that Britain™s middle-class kids will be worse off in adulthood than their parents.<\/p>\n
Britain™s middle-class children are on track to be materially less well off in adulthood than their parents, a government commission warns.\n<\/p>\n
The social mobility and child poverty commission, which was set up by British Prime Minister David Cameron, is to announce that children growing up in families with above-average income will struggle to achieve the same living standards as their parents.\n<\/p>\n
“This will be controversial, but for the first time in over a century there is a real risk that the next generation of adults ends up worse off than today’s generation,” a Whitehall source said.\n<\/p>\n
The commission is also expected to warn of the œperfect storm” of graduate debt and job insecurity that threaten middle-class students.\n<\/p>\n
Moreover, the watchdog™s findings, which are planned to be presented to the British Parliament on Thursday, will criticize that Tory-led government™s initiatives for focusing too strongly on the poorest 10 percent of the society.\n<\/p>\n
Earlier in August, a study showed that around 3.6 million children are currently growing up in relative poverty in Britain, compared to 2 million recorded in 1969.\n<\/p>\n
According to the report released by the National Children’s Bureau, child poverty is now a bigger problem than during the 1960s and Britain is at risk of becoming a place where rich and poor children live in separate, parallel worlds.\n<\/p>\n
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