Yesterday we discussed job mobility, but now economic mobility is in the spotlight, as a new Productivity Commission report shows that while Gen X generally earn more than their parents, the prospects of Gen Y/Z aren’t so hot… That’s down to “weak income growth for people born in the 1990s” as a consequence of the 2008 global financial crisis. Despite the disparity, we have some of the best rates of economic mobility in the world, but there are “worrying signs” including poverty levels at their highest since 2001. It also found 86% of men earn more than their mothers, while only 37% of women earn more than their fathers, and women are off worse financially after a separation, while a man’s income increases. Despite the findings, Chair Danielle Wood says “the amount your parents earned … is not a life sentence”.