their parents (the baby boomers) will die and leave much of that
housing wealth to the next generation (only some of them will have to
use to pay for care in old age)
Ruth
On 26 February 2014 13:49, Martin Rathfelder <[log in to unmask]> wrote:
> Are we sure the housing-inflation machine will not get going again?
>
> Isn't the big change that we have returned to a society where inherited
> wealth is key?
>
> On 26/02/2014 13:43, Jones, Paul wrote:
>>
>> Is Martin implying that the wealth of the the 35 year old will increase
>> from £70,000 to £400,000 over a 20 year period (to them being 55)? How might
>> that happen?.. given the lack of the housing-inflation machine from which
>> many of their parents befitted.
>>
>> Paul Jones
>>
>> ________________________________________
>> From: email list for Radical Statistics [[log in to unmask]] on
>> behalf of Martin Rathfelder [[log in to unmask]]
>> Sent: 26 February 2014 13:39
>> To: [log in to unmask]
>> Subject: Re: Baby-boomers, wealth etc etc
>>
>> How much wealth did the present 55 year olds have when they were 30?
>>
>> On 26/02/2014 13:34, John Bibby wrote:
>>>
>>> On 'Today' today, Sir John Hills mentioned that today's 55-64 year
>>> olds have a median wealth of £400,000ish. but those 30 years younger
>>> have just £70,000. From this he inferred that baby-boomers are doing
>>> much better than their kids.
>>>
>>> Lots of points here (no mention of generational effects or social
>>> class variations).
>>>
>>> But I would be interested to know:
>>> (a) where does this 'wealth' information come from?
>>> (b) has anybody done a serious investigation of how age-differences in
>>> wealth have developed over time?
>>>
>>> Maybe this will all be answered at Radstats in Manchester next weekend
>>> - am looking forward to seeing y'all.
>>>
>>> JOHN BIBBY
>>>
>>>
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>>
>> --
>> Martin Rathfelder
>> Director
>> Socialist Health Association
>> 22 Blair Road
>> Manchester
>> M16 8NS
>> 07968703740
>> www.sochealth.co.uk
>> https://www.facebook.com/Socialist.Health
>> @SocialistHealth
>>
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>
> --
> Martin Rathfelder
> Director
> Socialist Health Association
> 22 Blair Road
> Manchester
> M16 8NS
> 07968703740
> www.sochealth.co.uk
> https://www.facebook.com/Socialist.Health
> @SocialistHealth
>
> If you don't want email from us please say so
>
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