The post-war baby boomer generation is often seen as a ‘fortunate’ generation, holding the majority of the wealth in this country. Many in this generation have benefited from rising property values, gold-plated final salary pensions and booming stock markets during their working lives. As a result, those older members of society tend to hold a lot of wealth. Those on the cusp of retirement in England, aged 55-64, had average housing wealth of £185,000 and other wealth excluding pensions of around £33,000.
A picture of wealth in retirement
This 889 word blog post looks at new studies from the Institute of Fiscal Studies (IFS) Retirement Savings Consortium and the Economic and Social Research Council, painting a good picture of wealth in retirement today and expectations for a future inheritance. Written on 11th June 2018.