Chances of owning home have more than halved in 20 years, Institute for Fiscal Studies saysThe chances of a young adult on a middle income owning a home have more than halved in the past two decades.New research from the Institute for Fiscal Studies shows how an explosion in house prices above income growth has increasingly robbed the younger generation of the ability to buy their own home. For 25- to 34-year-olds earning between £22,200 and £30,600 per year, home ownership fell to just 27% in 2016 from 65% two decades ago. Continue reading…
Via: Home ownership among young adults has 'collapsed' – study
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