A revised and updated edition of this landmark account of intergenerational inequality.

In this fascinating and provocative book, David Willetts shows how the baby boomer generation has amassed unprecedented wealth and power at the expense of its children. Today's young people will pay heavier taxes, work longer hours for less money and live in a vastly degraded environment in order to pay for their parents' quality of life.

Worried about the world they are passing on to their children, baby boomers are taking note. But are they willing to make the sacrifices necessary for a more equal distribution of wealth and assets? The Pinch is an insightful look at one of the most pressing issues facing Britain today; this fully revised and updated edition is essential reading for parents and policymakers alike.