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  All the evidence suggests that todays young earn more than Baby Boomers at the same age and only marginally less than Gen X, though the gap is so narrow as to be meaningless.
  
  Yes property prices are frankly silly, but as Jan has pointed out it is absolutely possible to rent and save if one is prepared to forego some of the "me too" & "must have" extras that seem to be the staple of young people today.
  
  The solution is not to burden pensioners and existing home owners with more tax, but to find ways to deflate property prices over time ideally through regulation of land banking and prevention of reselling land with planning permission; the latter is achieved by making the planning permission lapse on sale and forcing re-application.

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