High rents and fewer employment black spots are making millennials less job mobile

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Housing, Wealth and Debt, Intergenerational Centre

Higher rents are reducing the financial gains from moving to better paying parts of the country, and mean that young people are less mobile than they were 20 years ago, according to new research published today (Thursday) by the Resolution Foundation. Moving Matters – a report funded by the Nuffield Foundation – shows that the common … Continued

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Home ownership ticks up – but it’s coming later in life

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Housing, Wealth and Debt

Home ownership rates rose across England (up 1 percentage point to 64 per cent), and even in London (up slightly to 48 per cent), last year (2017/18) – the Resolution Foundation said today (Thursday) in response to the English Housing Survey headline report. Despite the uptick, ownership rates remain well below their 2003 peak of … Continued

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England’s 20 year housing stock squeeze has left 1.7 million families sharing in the private rented sector

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Housing, Wealth and Debt

England has just 825 homes for every 1,000 families, following 20 years of its housing stock not keeping pace with demographic change, according to new analysis published today (Saturday) by the Resolution Foundation. The new findings categorically refute the argument that England does not have a housing shortage by showing that the ratio between housing … Continued

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Tightening up Britain’s wealth taxes and subsidies could raise almost £7bn

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Housing, Wealth and Debt

Tightening up five of Britain’s existing wealth taxes and subsidies could raise almost £7bn a year by 2022-23 – and provide a down payment on covering the £36bn a year increase in the cost of public services by 2030 – the Resolution Foundation says today (Thursday) in a new briefing note. The Foundation says that … Continued

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First rise in home ownership for young families for 30 years – but Generation Rent is here to stay

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Housing, Wealth and Debt

Fewer than one in five young families own in Manchester, Liverpool and Birmingham Home ownership rates for families aged 25-34 are rising for the first time in 30 years, but high barriers to entry facing first-time buyers remain acute, according to new analysis published today (Saturday) by the Resolution Foundation. The Foundation says that eased … Continued

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Young people with property-owning parents are now almost three times as likely to have homes of their own

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Housing, Wealth and Debt

Young people whose parents have property wealth are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents have no property wealth, according to a new report published today (Tuesday) by the Resolution Foundation. With the ‘Bank of Mum and Dad’ now considered to be a … Continued

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