House of the rising son (or daughter): the impact of parental wealth on their children’s homeownership

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Housing, Wealth and Debt

Homeownership rates have plummeted for today’s younger generation. Hypothetically, it would currently take a 27-30 year old first time buyer around 18 years to save for a deposit if they relied solely on savings from their own disposable income (up from three years two decades ago). Rising unaffordability has led many first-time buyers (FTBs) to … Continued

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The Resolution Foundation Earnings Outlook Q2 2018

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Jobs, Skills and Pay

In October there was good news on pay: nominal pay grew by 3.1 per cent in the 12 months to August, the fastest growth since the financial crisis (January 2009). The question is, is such (relatively) strong pay growth likely to be sustained? Nominal pay growth has been building steadily since early 2017, so this … Continued

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The RF Earnings Outlook Q1 2018

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Jobs, Skills and Pay

In Samuel Beckett’s Waiting for Godot the two protagonists wait in vain for the arrival of the titular character. At the moment the UK labour market bears a certain resemblance to the play, with the Bank of England playing the protagonists waiting (perhaps in vain) for more robust wage growth. As this Thursday’s MPC vote … Continued

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The Living Standards Audit 2018

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Incomes and Inequality

Every year the Resolution Foundation publishes an ‘audit’ of living standards in the UK. As part of this we estimate how household incomes have performed over the past year, producing a ‘nowcast’ of the figures before the official data is released. In addition this, this year we have taken a look at the under-reporting of … Continued

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London Stalling: Half a century of living standards in London

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Incomes and Inequality

To conclude our current project on devolved cities we finish with the city with the longest history of devolved government: London. We find that, far from being a different country that has pulled even further away from the rest of the UK since the financial crisis, London’s post-crisis recovery has been remarkable similar to that … Continued

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