For much of the UK population, their family home is their biggest asset. In 2017, the Equity Release market passed £3billion of lending. There is an estimated £1.5tr of property wealth in hands of Britain’s over-55s and so there is potential for retirees and their housing equity to play a much bigger role in boosting UK GDP in years to come.
9 Feb 2018
Silver Spenders Report 2017 (PDF 854KB)
The Rebuilding Britain Index Report (wave 8)
Short-term support and and long-term action are both vital in alleviating the financial pressures households are facing as a result of the cost of living crisis. Pairing immediate support with longer-term action and thinking will help ease current and future financial pressures while also addressing wider social inequalities that exacerbate the impacts of cost-of-living crises. This strategic approach can truly level up the whole of the UK.
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