Brits born in the 1980s only half as wealthy as people born in the 1970s

Brits who were born in the early 1980s have only half the wealth that people born in the 1970s.
Despite just a decade difference, a combination of rocketing property prices and less generous pension schemes have led to a huge fall in wealth, according to a new report.
Have you ever known happiness like Prince George looking at bubbles? People born in the early 1980s have an average net household wealth of £27,000 about half the level that people born in the 1970s had at the same age, the report from the Institute of Fiscal Studies think tank said.
The 1980s generation was the first post-war... read more

30 September 2016 in Hot News, Views: 31
Source: Metro

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