THE NUMBER of young families owning their own homes has halved.
Analysis by think-tank the Resolution Foundation said big falls were recorded the South East including Brighton, with home ownership in the younger age group bracket falling from 64% to 34% across the region..
The focus of the Resolution Foundation’s work is to improve the living standards of people on low to middle incomes.
It argued that such a “seismic shift” in home ownership puts the younger generation in a very different position from that of the older, baby boomer generation, leaving many more young families living in the private rented sector.
Lindsay Judge, a senior policy analyst at the Resolution Foundation, said: “This has implications for their living standards in the here and now, but also in the future when their children grow up.”
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