Millennials are set for an ‘inheritance boom’ but it won’t solve their home ownership and inequality woes

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Intergenerational Commission

Millennials will enjoy the largest and most wide-reaching ‘inheritance boom’ of any post-war generation but it will be too late and too unequally shared to solve the generation’s home ownership and wealth inequality woes, according to a major new report published today (Saturday) by the Resolution Foundation. The report – the 13th for the Resolution … 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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Recent retirees drive pensioner incomes above those of working families

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Incomes and Inequality

Strong recent growth in typical pensioner incomes has been driven by new cohorts of pensioners who are more likely than their predecessors to still be in work, own a home and have access to generous private pension pots. This is according to new analysis published today (Monday) by the Resolution Foundation for the Intergenerational Commission. … Continued

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Millennial men earned £12,500 less than the generation before them by the time they hit 30

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Incomes and Inequality, Intergenerational Commission

  Millennial men are falling behind the generation before them in their early careers, reflecting a shift towards young men doing low paid work traditionally carried out by women, Resolution Foundation Director Torsten Bell will say in the annual Grigor McClelland lecture to Manchester Business School later today (Thursday). The lecture, on 21st century inequality, … 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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