Renters will run out of cash 12 years before homeowners
Future generations’ hopes for a moderate retirement will be scuppered because they couldn’t afford to buy a home, according to economic forecasts that spell trouble for the UK’s youngest adults.
Assessing the impact of lifelong rental costs on savings, the Investing and Saving Alliance (Tisa) has calculated the average UK household still renting in retirement is likely to have exhausted typical…