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
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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.