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Middle-income earners show decline in home ownership

Feb 16, 2018

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By Kate Brown

Middle income earners - Knowles Warwick

 

The Institute for Fiscal Studies states middle-income 25 to 34-year-olds have shown the biggest decline in home ownership over the last 20 years.

Middle-income earners are defined as taking home between £22,000 and £30,600, either individually or as a couple.

Figures show that between 1995 and 1996, 65% of middle-income 25 to 34-year-olds owned a home compared to just 27% between 2015 and 2016.

Senior research economist at the IFS states this is because, “house prices have risen around seven times faster in real terms than the incomes of young adults over the last decade”.

Others argue that high renting prices have left them unable to save for a house. 

 

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