Property News · October 8, 2016

Born lucky? Children of the 60s, 70s and 80s on buying their first homes


Research by a thinktank has revealed how much harder it will be for today’s young adults to build up wealth in future than it was for previous generationsWere you born in the 1980s? Then you’re half as well off as someone born in the 1960s at the same stage in life. Stagnant wages, falling home ownership, weaker pensions and low interest rates have left today’s young adults significantly worse off, according to the Institute for Fiscal Studies. When Guardian Money talked to people in their 20s and 30s, and compared their situations with adults in their 50s, we found reality may be worse than the figures suggest Continue reading…

Source : theguardian.com
Read more…Born lucky? Children of the 60s, 70s and 80s on buying their first homes

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