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Centre for Policy on Ageing | |
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The generation of wealth
— asset accumulation across and within cohorts | | Author(s) | Conor D'Arcy, Laura Gardiner |
| Corporate Author | Resolution Foundation; Intergenerational Commission |
| Publisher | Resolution Foundation, London, June 2017 |
| Pages | 92 pp |
| Source | http://www.resolutionfoundation.org/app/uploads/20... |
| Keywords | Income [older people] ; Cost of living ; Older people ; Young adults [20-25] ; Comparison ; Longitudinal surveys. |
| Annotation | In this seventh report by the Resolution Foundation for the Intergenerational Commission, the authors explore how wealth is distributed across and within different birth cohorts in Britain, focusing on intra- and inter-generational wealth trends. For younger groups, the problems are weak earnings growth, decreasing rates of home ownership, and the closing of generous pension schemes to new entrants. The report uses the Office for National Statistics' (ONS) Wealth and Assets Survey (WAS) to provide an overview of longitudinal changes in wealth in Great Britain. It examines assets and wealth patterns across and within age cohorts. It looks into how cohorts build up their wealth over time, focusing specifically on active savings behaviour and wealth increases driven by wider economic shifts (notably house price increases). It concludes by bringing these findings together, and reflecting on how policy might need to respond. Two annexes present supplementary analysis of cohort wealth trends, and more detail on the data sources and methodological approach used. |
| Accession Number | CPA-170620001 E |
| Classmark | JF: J3C: B: SD6: 48: 3J |
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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