Abstract

How can the financial system support young people’s social and economic development? Is the financing of startups the only way to combat the growing generational divide in Europe? This paper, using the Generational Divide Index, focusses on four domains: Financing, Income, Wealth and Family Welfare—to demonstrate why financial regulation should intervene during a young person’s life to combat emerging intergenerational inequalities. The aim of this paper is to examine the extent to which the Credit, Wealth and Family Welfare domains affect the generational divide—referring, in particular, to the new Generational Divide Index (GDI 2.0) indicators—which have been recently modified with a new set of sub-indicators in the domains of Financing, Income, and Wealth.

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