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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Home improvements: action to address the housing challenges faced by young people

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Housing, Wealth and Debt, Intergenerational Commission

As the Resolution Foundation’s Intergenerational Commission enters its final stages, this report sets out our view on how we can tackle one of the biggest issues for young people in 21st century Britain: the housing crisis. Here, we move beyond a diagnosis of the problem and instead set out a series of policy options relating … Continued

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An unhealthy interest? Debt distress and the consequences of raising rates

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Housing, Wealth and Debt

Standing at nearly £1.9 trillion, UK household debt remains a big issue. It is one that has very real and very obvious relevance for those families having to meet repayment commitments. But it is one that has macroeconomic implications too: the debt hangover that has endured over the past decade has undoubtedly hampered the UK’s … Continued

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A welfare generation: lifetime welfare transfers between generations

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Housing, Wealth and Debt, Intergenerational Commission

This research paper looks at what people put in and take out from the welfare state over their lifetime, updating John Hills’ seminal research on life-cycle welfare transfers between generations. It estimates the extent to which past and future cohorts contribute to the welfare state via taxation and withdraw from its core pillars – education, … Continued

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Home Affront: housing across the generations

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Housing, Wealth and Debt, Intergenerational Commission

In this, our 9th report for the Intergenerational Commission, we take on the hugely important topic of housing. We compare the housing outcomes achieved by different generations over the life course and assess the extent to which intergenerational inequalities exist when it comes to security, to affordability and to quality. We explore how the housing … Continued

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The millennial bug: public attitudes on the living standards of different generations

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Housing, Wealth and Debt, Intergenerational Commission

As previous analysis for the Intergenerational Commission has highlighted, the principle of generation-on-generation progress that has come to define 20th Century Britain shows signs of being disrupted. In a range of areas, including their earnings levels, housing situation and the extent to which they are building up resources for later life, the living standards of … Continued

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