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Centre for Policy on Ageing | |
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Retirement resources
— the role of housing assets and bequests | | Author(s) | Karen Rowlingson, Stephen McKay |
| Journal title | Quality in Ageing, vol 6, no 4, December 2005 |
| Pages | pp 12-23 |
| Source | http://www.pavpub.com |
| Keywords | Owner occupied dwellings ; Assets [elderly] ; Wills ; Legacies ; Attitude ; Social surveys. |
| Annotation | There is currently a major debate about the future of pension provision in Britain. Much of that debate concerns levels and sources of income. But there is also growing interest in the role that assets and bequests might play in raising people's living standards in later life. Based on a major new survey of attitudes to inheritance and assets, this article argues that assets will not fill the pension gap for those on lowest incomes as these groups are at least likely to have assets; and among those that do, there is more support for the concept of preserving assets by inheritance than among other more affluent groups. Bequests will also fail to help those most in need of a windfall, as receipt of inheritances currently benefits the most affluent groups. However, among those with assets, there does seem to be more interest in liquidating assets - including housing assets - than previous research has suggested. Some people, therefore, are prepared to liquidate their assets in later life to supplement their income. (RH). |
| Accession Number | CPA-060112202 A |
| Classmark | KEA: JD: VTH: QE7: DP: 3F |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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