Think tank proposes giving all 25-year-olds £10k to get on the property ladder
Posted 9 May 2018 by Neil Moore
A think tank has proposed giving all 25-year-olds born in Britain a “citizen’s inheritance” of £10,000 that could be spent on rent or a home purchase.
The suggestion, from the Resolution Foundation, forms part of a number of measures to address “inter-generational unfairness”.
The Resolution Foundation’s Intergenerational Commission – set up to look at issues affecting younger generations such as saving for their retirement and getting on the property ladder – suggests that from 2030, citizen’s inheritances of £10,000 should be available from the age of 25 to all British nationals or people born in Britain as restricted-use cash grants.
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