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Younger Britons afflicted by house price wealth transfer

by Gill Montia.

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Rising house prices during the 10 years to 2007 have resulted in a huge transfer of wealth between younger Britons and older generations. According to a new study from the Consumer Credit Counselling Service (CCCS), the average house price grew from around 2.3 times to nearly 5.5 times gross earnings during the decade. As a [...]

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