UK news, Money, Inequality, Income inequality, Property, Germany Business | The Guardian
Wealth matters, but its effects on long-term growth can be surprisingly complicated, new research findsWealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000. Continue reading…
Wealth matters, but its effects on long-term growth can be surprisingly complicated, new research finds
Wealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.
This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000.
