Saving for today. And tomorrow.

How to boost households financial resilience now, and living standards in retirement

Monday 12 February 2024

British households aren’t saving enough. Pensions auto-enrolment has got far more of us saving for retirement, but too many of us are not on track for a comfortable old age. More immediately, too few of us have access to rainy-day pots to help us through an unexpected shock. Traditional approaches to encourage people to build … Continued

From boom to gloom?

The winners and losers from rising rates and falling wealth

Monday 17 July 2023

Britain has experienced a 30-year wealth boom, driven by record low interest rates, causing unprecedented levels of intergenerational inequality. But this has now been brought to an abrupt end, with the Bank of England embarking on the tightest rate-raising cycle since the early 90s – causing mortgage costs to rise, house prices to fall and … Continued

Saving savings?

Assessing government incentives to put money aside

Monday 16 January 2023

Savings matter. They help households cope in the face of economic shocks, take risks and plan for the future. But the UK has had a low savings rate for decades, and as a result households have entered today’s cost of living crisis with low savings levels. Policymakers have long recognised this challenge, and tried to … Continued

Whose wealth boom?

Assessing the UK’s changing wealth gaps

Wednesday 20 July 2022

Britain has experienced a wealth surge in recent decades even as household incomes have stagnated. Wealth really matters in both good times and tough times – from young families buying their first home, to drawing on savings in the face of rising energy bills. But not everyone has shared in Britain’s wealth boom, and understanding … Continued

Family fortunes

How intergenerational giving is changing us

Thursday 3 February 2022

Inheritances have always been used to give relatives a financial boost. But they look set to be a growing part of 21st Century Britain as household wealth booms, particularly for older cohorts. This brings with it change for younger people, whose lifetime living standards may increasingly be shaped by the inheritances or gifts they receive … Continued

Whose wealth?

Assessing the full impact of the pandemic on household wealth

Monday 12 July 2021

While the Covid-19 pandemic has been about curbing and contraction – from normal activities to employment – many aspects of household wealth have grown very swiftly. Families unable to spend have amassed extra savings and homeowners have seen the value of their properties soar. But these wealth surges have been far from even, with some … Continued

A Living Pension

What would it take to secure a better retirement income for workers?

Monday 25 January 2021

UK pensions have seen radical reforms in recent years to boost pension saving and tackle poverty in retirement. Government has introduced a flat-rate state pension and got more millions more workers saving through auto enrolment. But these policies alone can’t guarantee an adequate income for many pensioners. Could the creation of a ‘Living Pension’ – … Continued

Weathering the storm

How wealth shapes the ability of families to face this economic crisis

Monday 22 June 2020

Individual wealth has grown significantly in recent decades, increasing from three- to nearly seven-times GDP since the 1980s. However, neither policy nor politics have kept pace with the scale of this change. The Resolution Foundation has joined the Standard Life Foundation to embark on the three-year project which audits wealth in the UK, helping us … Continued

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