Claire Trott: Family wealth is changing

Historically, we are used to the idea of having one generation in active retirement at one time, with the next generation only retiring as the elder generation becomes less active, is in a care home, or dies. This will have meant that one generation was actively earning income while the other would be living on funds they had built up, usually in the form of a fixed income. However, calculations based on ONS data and research predicts that 1.2 million families will contain more than one retired generation by 2039, rising from 624,000 families today, a 90% increase in 20 years.   Multi...