Housing, Wealth and Debt

Despite years of historically low interest rates, UK households remain heavily indebted and those on modest incomes have little in the way of a savings cushion to fall back on. There are also wide discrepancies in home ownership across generations and the regions and nations of the UK. Our work focuses on strategies for dealing with the debt overhang as interest rates rise at the same time as improving the financial resilience of households through encouraging greater savings and better access to pensions. We also explore how the housing market can be improved.