In the late 18th century, French philosopher Jean-Jacques Rousseau wrote about the existence of a "social contract" between citizens and the government. A similarly unwritten set of rules exists between generations: Children promise they’ll take care of their parents, because they expect to be treated the same in the future. A new report by the Intergenerational Commission, a group of experts organized by the Resolution Foundation thinktank, shows that this second contract has broken down in the U.K. For the first time in decades, young people don't expect to be richer than their parents. The analysis is spot on, ... (full story)