Changing attitudes a factor in generational wealth gap

According to the research, those born in the 1980s have an average wealth of £27,000 - roughly half that of those born in the 1970s, whose wealth averaged £53,000 when they too were in their 30s. They are also the first post-war generation not to enjoy a higher income than those born in the decade before them, said the IFS. The study also identified much lower home-ownership levels than any generation for half a century - only 40% of those born in the 1980s were owner-occupiers, compared with at least 55% of the 1940s, 1950s, 1960s and 1970s cohorts. In a linked finding, the 1980s gen...