The housing ladder is disappearing for most young working
households on modest incomes. For this group home ownership is projected to be
approaching just one-in-ten by 2025. While the biggest decline in young families owning homes is for those on modest
incomes, it has also fallen for young households that are benefit dependent or
on higher incomes. As a result home
ownership is increasingly becoming the preserve of older and wealthier
households. The analysis finds that those aged 65+ now account for around
one-third (32 per cent) of all homeowners, up from less than one-quarter (23
per cent) in 1998 – an increase of 43 per cent. In contrast, those aged 16-34
account for just 10 per cent of homeowners, down from 19 per cent in 1998 – a
49 per cent reduction. Read more on the Resolution Foundation website.
