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Posted by: katalysis

Further evidence, should it be needed, that a certain generation ‘…never had it so good…’

A report from the ‘Resolution Foundation’ has calculated that young people in Britain are spending THREE times more on housing than their grandparents did. As well as longer commutes and smaller homes, they also have to wait to their late thirties to buy their own home.

Also, those now in their 70s and 80s, spent just 7% of their income on housing at age 30, whereas the ‘millennium’ generation are spending 23% of what they earn on housing costs.

Governments of all hues should share the blame for a catastrophic shortage of housing in both private and public sectors. Maybe time to think again about where our priorities should lie?...

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