In the future, children will be mobile and will most likely live in another EU country at some stage, the report finds. They are also expected to be more self-reliant, changing jobs many times until they finish work at aged 70.
They will be drawn to business and creative careers rather than traditional professions like teaching , it is predicted.
Family life will be one of the slowest areas of change. Most children will be born to parents in their 30s living in suburbia and will be either an only child or have only one or two siblings.
However children born to lone parents, to a large family of low income or in a deprived area are likely to have limited educational and job opportunities.
Children at risk of poverty will most likely leave school early with minimal qualifications and low literacy and numeracy skills, the report finds.
The outlook for the health of tomorrow's children is grim as they are predicted to overeat, and to lack exercise.