William Hague: Britons in their 60s are the ‘luckiest generation’ in history
Financial Times
February 23, 2026
AI-Generated Deep Dive Summary
William Hague, the Oxford University chancellor, has sparked a lively debate by calling the generation of Britons in their 60s the “luckiest” in history. Speaking at the prestigious institution, Hague emphasized that this group benefited from unprecedented opportunities and economic stability during their formative years, which positioned them for greater success than any previous generation. He pointed to factors such as lower student debt, affordable housing, and stronger job security as key reasons behind their good fortune.
The remarks come amid growing concerns about the challenges faced by younger generations, particularly in areas like education, employment, and living costs. Hague’s comments aim to kickstart a broader discussion about how past economic conditions shaped different age groups and what this means for future policies. His call for a “national conversation” highlights the need to address the disparities between older generations who thrived under certain economic systems and younger ones grappling with rising debts and reduced opportunities.
Hague’s argument hinges on the unique economic landscape of the 1960s, when many in their 60s today would have entered the workforce. During this period, post-war economic growth created a strong middle class, and access to education and housing was more equitable than it is today. Student debt was relatively low, and young people could enter the job market with fewer financial burdens compared to current generations.
In contrast, today’s youth face an uphill battle due to sky-high property prices, exorbitant student loans, and stagnant wages. These factors have led to delayed independence, reduced savings, and a sense of financial insecurity that previous generations rarely experienced. Hague’s comments serve as a reminder of how economic policies and societal structures can shape the trajectory of entire generations.
From a business perspective, understanding these generational divides is crucial for companies looking to adapt their strategies. The shrinking middle class, driven by rising inequality, has significant implications for consumer spending patterns, workforce dynamics, and long-term economic growth. Businesses may need to rethink how they support employees, particularly younger ones, by offering better financial incentives and career development opportunities.
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Originally published on Financial Times on 2/23/2026