The UK housing crisis has escalated, leaving homeownership increasingly unattainable for younger generations while benefiting older homeowners. Rising house prices have outstripped wage growth, making it difficult for the under-35 population to save for a home. The generational divide is stark, with nearly 79% of individuals over 65 owning homes, in contrast to just 39% of those aged 25-34. This disparity highlights issues such as rental struggles and the inability to secure affordable housing without substantial reform, raising concerns about the future of homeownership for new generations.
Owning a home in the UK feels out of reach for millions, with house prices soaring past 300,000 while wages lag behind. The term Generation Rent highlights fears that homeownership is slipping out of reach.
The UK's housing crisis has deepened generational divides, with nearly 79% of over-65s owning their home compared to just 39% of 25-34-year-olds.
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