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 Centre

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 Centre

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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