UK housing wealth owned by over-65s tops £2.25tn

The study reveals that the wealth of UK homeowners over 65 now exceeds £2.25 trillion, highlighting how baby boomers have significantly benefited from the recent surge in house prices. This underscores the growing generational divide in the UK, where older generations enjoy substantial property-based wealth while younger people face a housing crisis with stagnant wages and rising prices. This wealth disparity could have broader economic and social implications, affecting everything from retirement savings to economic mobility. For more details, check out the full article on the Financial Times website.