The over-60s hold 17 times more wealth in their homes than those in their early 30s, up from six times more a decade ago.
Figures from the Office for National Statistics revealing the generational divide in housing wealth suggest that those in their early 30s will struggle to ever replicate the property fortunes of their parents.
The figures show that 30 to 32-year-olds have a third of the property wealth that the same age group did ten years ago. “Two thirds of housing wealth disappearing over just ten years is a lot of money,” Torsten Bell, director of the Resolution Foundation, said.
