This paper focuses on some of the conceptual implications changes in youth transitions over the last 40 years. I argue that changes have often been exaggerated with researchers too enthusiastic to jump on theoretical bandwagons without due regard for empirical evidence. While I suggest that there are important changes that impact on the ways in which social classes are reproduced, involving a perception of increased opportunity and greater scope for individual agency, a degree of class-based convergence and illusions regarding the disappearance of class, I will argue that the new mechanisms lead to the re-establishment of very familiar patterns of socioeconomic inequality which can largely be understood by employing established theoretical ideas. While biographical approaches are regarded as useful, the continued se of social class is defended. u