Britain’s housing catastrophe has driven a 50-year drain on living standards

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Housing, Wealth and Debt

The average share of income that Britain’s families spend on housing has trebled over the last 50 years, with young people having to make do with longer commutes and smaller, insecure rented accommodation, according to a new report published today (Wednesday) by the Resolution Foundation. As Labour and the Conservatives head to their party conferences … Continued

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Millennials would rather have grown up in an earlier time

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Housing, Wealth and Debt, Intergenerational Commission

Britons across all age groups no longer believe that young people today will have a better life than their parents, with pessimism strongest among graduates and high earners, according to new analysis by Ipsos MORI for the Resolution Foundation published today (Saturday). The report, based on a survey of over 2,000 adults commissioned for the … Continued

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21st Century Britain has seen a 30 per cent increase in second home ownership 

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Housing, Wealth and Debt

Over 5 million people now have second homes  There has been a 30 per cent increase between 2000-02 and 2012-14 in the proportion of adults who own multiple properties, rising 1.6 million to 5.2 million people (one in ten adults) in that period, new analysis published today (Saturday) by the Resolution Foundation has found. Combined … Continued

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Home ownership for young families has halved in West Yorkshire, Greater Manchester and Outer London since the 1990s

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Housing, Wealth and Debt

Getting on the housing ladder is a thing of the past for many young families across the country, with home ownership halving among this group between 1994 and 2016 in areas such as West Yorkshire, Greater Manchester and Outer London, new analysis by the Resolution Foundation has found. The new research counters the popular perception … Continued

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Older households on modest incomes are struggling to save for retirement despite 20-year jobs boom

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Housing, Wealth and Debt

The recent pay squeeze has left many of Britain’s 1.8 million older low and middle income households struggling to save for retirement, despite enjoying strong employment growth over the last 20 years. This is according to a new report published today (Wednesday) by the Centre for Ageing Better and the Resolution Foundation. With the electoral … Continued

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UK workforce’s longstanding ‘baby boomer dividend’ turns into a debt this year

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Housing, Wealth and Debt, Intergenerational Commission

Cost of Britain’s ageing society by 2060 will increase by equivalent of a 4p income tax rise without further action The UK’s non-working population will start to grow faster than its workforce for the first time outside of economic downturns since the early 80s this year, according to a new report published today (Tuesday) by … Continued

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