Wealth gap and housing issues risk civil unrest

Poor ranking: Commuters on the London Underground. The Millennials are the first generation who can expect to be poorer than their parents. That’s because housing is expensive relative to incomes, inflation is at a 30 year high, and real wages are falling. — AFP

LONDON: Britain is the second most unsustainable of 36 major economies, with tensions from high housing and childcare costs coupled with wealth inequalities undermining social mobility and threatening to provoke civil unrest.

That is the conclusion of a new metric designed by L’Atelier BNP Paribas, a research division of the French bank.