The million dollar be-question: inheritances, gifts, and their implications for generational living standards

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Intergenerational Commission, Tax and Welfare

This report assesses the role that intergenerational family transfers – inheritances and gifts – will play in addressing the generational living standards challenge that Britain faces. Nowhere is this challenge clearer than in relation to home ownership and wider wealth accumulation for today’s younger generation, so the future flow of assets down generations appears an … Continued

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As good as it gets? The adequacy of retirement income for current and future generations of pensioners

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Intergenerational Commission, Tax and Welfare

Recent strong growth in the incomes of pensioner households and reductions in pensioner poverty are to be welcomed. But set against much weaker incomes for working age households and the challenges younger generations are facing in accumulating wealth, anxiety is building that these outcomes may not be sustained for future generations of retirees. Their prospects … Continued

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A Budget for intergenerational fairness?

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Public Finances and the Economy, Intergenerational Commission

Beyond facing down expected economic downgrades and clarifying the direction on Brexit, resetting the agenda on intergenerational fairness has emerged as a top priority for the Chancellor in this month’s Budget. This focus reflects a growing body of evidence showing that generation-on-generation living standards progress is under threat for today’s young adults – as analysis … Continued

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Consuming forces: generational living standards measured through household consumption

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Incomes and Inequality, Intergenerational Commission

This report, which has been prepared by the Centre for Research in Social Policy at Loughborough University and the Resolution Foundation for the Intergenerational Commission, sheds further light on living standards across generations by considering levels and patterns of expenditure for working-age households in detail. It uses surveys of household spending to explore how actual … Continued

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The generation of wealth: asset accumulation across and within cohorts

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Housing, Wealth and Debt, Intergenerational Commission

Family wealth in 21st Century Britain is huge and growing, rising from £9.9 trillion before the financial crisis to over £11 trillion in the most recent data – more than six times our national income. Significant increases have come from house price rises in the 1990s and 2000s, followed by major growth in private pension wealth more … Continued

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