One in three UK millennials will never own a home – report
Thinktank predicts half will be renting in their 40s and a third ‘by time they claim pensions’
One in three of Britain’s millennial generation will never own their own home, with many forced to live and raise families in insecure privately rented accommodation throughout their lives, according to a report by the Resolution Foundation.
In a gloomy assessment of the housing outlook for approximately 14 million 20- to 35-year-olds, the thinktank’s intergenerational commission said half would be renting in their 40s and that a third could still be doing so by the time they claimed their pensions.
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Author: Patrick Collinson