{"id":131406,"date":"2022-11-09T13:01:21","date_gmt":"2022-11-09T06:01:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-asset-wealth-and-falling-real-wages-drive-inequality-in-britain\/"},"modified":"2022-11-09T17:07:24","modified_gmt":"2022-11-09T10:07:24","slug":"rising-asset-wealth-and-falling-real-wages-drive-inequality-in-britain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-asset-wealth-and-falling-real-wages-drive-inequality-in-britain\/","title":{"rendered":"Rising asset wealth and falling real wages \u2018drive inequality in Britain\u2019"},"content":{"rendered":"


\nYoung people no longer able to rely on hard work to improve their living standards as they age, says IFSWorking for a living has become a harder way to grow rich in modern Britain amid rising wealth inequality over the past decade, according to research published today that warns of a breakdown in social mobility as inheritances grow in importance.The Institute for Fiscal Studies said wealth had grown rapidly compared with earnings from work since the 2008 financial crisis, driven by a surge in house prices and financial assets \u2013 such as stocks and shares \u2013 at a time of flatlining progress for average wages. Continue reading…
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\nSource : theguardian.com
\nRead more…Rising asset wealth and falling real wages \u2018drive inequality in Britain\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Young people no longer able to rely on hard work to improve their living standards...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-131406","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ybs","jetpack-related-posts":[{"id":120542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/increasing-property-prices-a-key-driver-in-worsening-wealth-inequality-mas-chief\/","url_meta":{"origin":131406,"position":0},"title":"Increasing property prices a key driver in worsening wealth inequality: MAS Chief","date":"July 8, 2021","format":false,"excerpt":"\r He noted that as people\u2019s income increase, they also tend to allocate more of their disposable income to acquiring property, which\u00a0leads to rising house prices and stimulates investment demand for residential properties. Ravi Menon, Managing Director of The Monetary Authority of Singapore (MAS) believes that rising property prices is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/property-market.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":58248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealth-gap-rises-as-home-ownership-falls-says-study\/","url_meta":{"origin":131406,"position":1},"title":"Wealth gap rises as home ownership falls, says study","date":"June 18, 2017","format":false,"excerpt":"\r Resolution Foundation finds that half the nation\u2019s wealth belongs to a tenth of adults as property ownership declinesA fall in home ownership is fuelling the return of rising wealth inequality across Britain, it has emerged.Booming house prices in the run-up to the financial crisis had led to a decade-long\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136128,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-observer-view-on-generational-inequality-the-redistribution-of-wealth-requires-political-nerve-observer-editorial\/","url_meta":{"origin":131406,"position":2},"title":"The Observer view on generational inequality: the redistribution of wealth requires political nerve | Observer editorial","date":"April 30, 2023","format":false,"excerpt":"\r It\u2019s time for baby boomers to share their spoils with the young, or else trouble lies aheadThe promise that living in an affluent society with a healthy economy holds out is that successive generations will enjoy ever-greater opportunities. But in the UK that intergenerational covenant is under threat, thanks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-inequality-the-ethnicity-gap-in-pay-wealth-and-property\/","url_meta":{"origin":131406,"position":3},"title":"Financial inequality: the ethnicity gap in pay, wealth and property","date":"June 20, 2020","format":false,"excerpt":"\r Data shows that people of colour are worse off than white counterparts and black households face the biggest deficitSelina Flavius is one of a growing number of women in Britain who are talking about money \u2013 but as a black woman she faces two challenges. \u201cWe experience gender equality\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39711,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-rise-in-inherited-wealth-likely-to-widen-inequality-gap\/","url_meta":{"origin":131406,"position":4},"title":"UK rise in inherited wealth likely to widen inequality gap","date":"January 5, 2017","format":false,"excerpt":"\r A glut of inherited wealth from a decades-long house-price boom is set to worsen inequality in the United Kingdom, according to the Institute for Fiscal Studies.Young people today are more likely to receive an inheritance than earlier generations, and those that receive the biggest ones are already the most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brian-gaynor-rocketing-property-prices-a-recipe-for-rising-inequality\/","url_meta":{"origin":131406,"position":5},"title":"Brian Gaynor: Rocketing property prices a recipe for rising inequality","date":"July 9, 2016","format":false,"excerpt":"\r The latest New Zealand household wealth figures show the booming residential property market is a major contributor to the country's growing wealth inequality. This is because house owners are reaping the rewards from soaring property...\r \r Source : nzherald.co.nz\/Property\r Read more...Brian Gaynor: Rocketing property prices a recipe for rising\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131406"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=131406"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=131406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=131406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=131406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}