Resolution Foundation · 2024
This briefing analyses how housing tenure and affordability have changed for young people aged 25–34 in Britain across generations, drawing on decades of survey data. It finds that while home ownership rates have risen modestly since 2015–16 and the share of income spent on housing has reached a 35-year low, these improvements are concentrated among middle- and higher-income families and are weakest in London and the South East. High housing costs remain strongly associated with lower precautionary savings and worse mental health outcomes, with over half of the lowest-income quintile spending more than 30% of their income on housing. The report recommends expanding housing supply, introducing a permanent mortgage guarantee scheme, and re-linking Local Housing Allowance to current market rents.