{"id":58442,"date":"2017-06-20T12:01:01","date_gmt":"2017-06-20T05:01:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-owners-2-3tn-windfall-has-created-huge-inequality-gap\/"},"modified":"2017-06-20T12:09:08","modified_gmt":"2017-06-20T05:09:08","slug":"property-owners-2-3tn-windfall-has-created-huge-inequality-gap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-owners-2-3tn-windfall-has-created-huge-inequality-gap\/","title":{"rendered":"Property owners' \u00a32.3tn windfall 'has created huge inequality gap'"},"content":{"rendered":"


\nYounger people have been priced out of home ownership as baby boomers have benefited, says Resolution FoundationA \u00a32.3tn windfall for those lucky enough to own their own homes during the property boom of the 1990s and early 2000s has opened up a deep and widening inequality gap between the generations, a thinktank has warned. Rising house prices that have enriched older generations have priced the young out of home ownership, said the Resolution Foundation, adding that the pattern whereby each generation was wealthier than the previous one had broken down.In a new report, the thinktank noted that the baby boomers born in the 20 years after the second world war were the big beneficiaries of rapidly rising house prices, but had amassed most of the wealth through no skill of their own. Wealth disparities would have \u201cworrying consequences\u201d for the living standards of younger generations, it added. Continue reading…
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\nSource : theguardian.com
\nRead more…Property owners’ \u00a32.3tn windfall ‘has created huge inequality gap’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Younger people have been priced out of home ownership as baby boomers have benefited, says...<\/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-58442","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-fcC","jetpack-related-posts":[{"id":87333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/give-millennials-10000-each-to-tackle-generation-gap-says-thinktank\/","url_meta":{"origin":58442,"position":0},"title":"Give millennials \u00a310,000 each to tackle generation gap, says thinktank","date":"May 8, 2018","format":false,"excerpt":"\r Resolution Foundation proposes \u2018citizen\u2019s inheritance\u2019 to help redistribute wealth to young Every person in Britain should receive \u00a310,000 when they turn 25 to help fix the \u201cbroken\u201d intergenerational contract between millennials and baby boomers, an influential thinktank has proposed following a two-year study.The payment, described as a \u201ccitizen\u2019s inheritance\u201d,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-will-spend-53000-on-rent-before-age-of-30-thinktank-says\/","url_meta":{"origin":58442,"position":1},"title":"Millennials will spend \u00a353,000 on rent before age of 30, thinktank says","date":"July 16, 2016","format":false,"excerpt":"\r Resolution Foundation says baby boomers spent just \u00a39,000, in report that highlights struggle of young people to buy a homeMillennials will spend \u00a344,000 more on rent by the time they reach 30 than baby boomers did, according to a report that underlines the struggle younger generations face to save\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-urged-to-tax-3tn-windfall-from-20-years-of-soaring-house-prices\/","url_meta":{"origin":58442,"position":2},"title":"UK urged to tax \u00a33tn windfall from 20 years of soaring house prices","date":"December 9, 2021","format":false,"excerpt":"\r Thinktank says capital gains tax should be applied so poorer households are spared from paying more in taxThe \u00a33tn windfall from soaring house prices in the past 20 years should be subject to a capital gains levy so that poorer households can be spared paying more in tax, a\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":58442,"position":3},"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":75475,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-set-to-reap-huge-rewards-of-inheritance-boom\/","url_meta":{"origin":58442,"position":4},"title":"Millennials set to reap huge rewards of inheritance boom","date":"December 30, 2017","format":false,"excerpt":"\r Thinktank: younger generation will profit from high value homes owned by baby boomer parents \u2013 but not till they\u2019re 60 An unprecedented inheritance boom is heading the way of today\u2019s younger generation. But it will result in higher wealth inequality and will arrive too late for most people currently\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealth-gap-rises-as-home-ownership-falls-says-study\/","url_meta":{"origin":58442,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58442"}],"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=58442"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=58442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=58442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=58442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}