About this study
First conducted in 2011, this study led to the identification of 'generation rent' - a generation with no realistic prospect of owning their own home in the next five years.
In 2012 we repeated the study. Some key findings from the 2012 report include:
Half of 20-45 year olds think that Britain will become a nation of renters within a generation.
Reliance on the Bank of Mum and Dad leaves a third of parents concerned for their own financial future.
You can read a fact sheet about Generation Rent here.
You can read the 2011 report here.
Potential policy impact
The implications of Generation Rent are socio-economic. There could be fewer homeowners able to buy which could result in a slowing down in the housing market. It could open up a widening of the wealth gap that already exists between home-owners and non home-owners, particularly as people in Generation Rent risk insufficient finances at retirement.
The 2012 study was based on the results of an online survey of 8,042 20-45 year olds, along with 1000 parents with children aged 20-45.