How do average levels of income and wealth differ in Britain for those born between the 1930s and 1980s? The 1980s cohort are the first post-war generation not to have higher median incomes in their early 30s that those born a decade earlier, though they have much higher incomes than those born in the 1960s and earlier. Median wealth for the 1980s cohort is 20% lower in their early 30s than it was for those born in the 1970s: driven by lower property wealth and homeownership – 40% at age 30 for 1980s cohort, compared to 55% for the 1970s cohort.
Authors
Associate Director
Jonathan is an Associate Director and Head of Retirement, Savings and Ageing sector, focusing on pensions, savings and later-life economic activity.
Journal article details
- DOI
- 10.1111/1475-5890.12202
- Publisher
- Wiley
- Issue
- Volume 40, Issue 3, October 2019, pages 275-299
Suggested citation
Cribb, J. (2019). 'Intergenerational differences in income and wealth: evidence from Britain' 40(3/2019), pp.275–299.
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