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Wealth matters, but its effects on long-term growth can be surprisingly complicated, new research finds

Wealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.

This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000.

Continue reading…  Wealth matters, but its effects on long-term growth can be surprisingly complicated, new research findsWealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000. Continue reading… UK news, Money, Inequality, Income inequality, Property, Germany 

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