On the 17 November, the Worshipful Company of Actuaries Livery Lecture was presented by Baron Willetts of Havant, better known as David Willetts, MP for Havant during the last government. In his book The Pinch, he argued that “the baby boom of 1945-65 produced the biggest, richest generation that Britain has ever known.
“Today, at the peak of their power and wealth, baby boomers now run our country; by virtue of their sheer demographic power, they have fashioned the world around them in a way that meets all of their housing, healthcare and financial needs. The young people of today will be taxed more, work longer hours for less money, have lower social mobility and live in a degraded environment in order to pay for their parents' quality of life’”. A census on arrival showed that over 90% of attendees were baby boomers and it looked like an interesting evening. However, there was a large measure of agreement and concern about what could and should be done to allow more fairness and justice for individuals in generations to come. Thanks go to the Master Actuary for looking after us in the Actuaries’ spiritual home, Staple Inn Hall.
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