Despite representing 34% of the total UK population, those aged 16-44 hold only 16% of the UK’s estimated £9.4trn (€13trn, $14.2trn) wealth; compared with 19% for those aged 65-74.
Since the recession, households aged under 45 now hold less wealth than those aged 65-74, the report said, despite there being more than two-and-a-half times as many of them.
The wealthiest segment of the population, accounting for 29% of the national wealth, are aged 55-64.
Those with the least wealth are over the age of 75, while people nearing retirment hold the second largest proportion of UK wealth.
Source: Resolution Foundation
The slice of the wealth pie has shrunk for those aged 16-44 since the financial crisis hit in 2008. While the recently retired experienced the opposite.
Source: Resolution Foundation
