Thinktank: younger generation will profit from high value homes owned by baby boomer parents – but not till they are 60
An unprecedented inheritance boom is heading the way of today’s younger generation. But it will result in higher wealth inequality and will arrive too late for most people currently excluded from the property ladder, according to a leading thinktank.
The Resolution Foundation said inheritances would more than double over the next two decades. It expects the peak year to be 2035, as the baby boomer generation – who have benefited most from the huge increase in house prices – progress through old age.
Continue reading...from The Guardian http://ift.tt/2Dyd5c4
No comments:
Post a Comment