Think You Know All About House Prices And Pay Inequality? Think Again

3rd September 2024

"Perceptions take a while to catch up with reality and that presents a challenge for the new government." Paul Johnson writes for The Times.

The triple lock has ensured that pensioners' incomes have risen faster than those of working-age people over the past 15 years. Meanwhile, the growth in house prices has locked increasing numbers of young adults out of owner occupation, with far fewer owning their own home than in 2010. And, of course, income and wage inequality have increased as the better-off have continued to scoop the pool.

How do those statements sound to you? I'm guessing they might sound plausible. In fact, if those three statements were part of your intellectual furniture, then I'm afraid it’s time for renewal. Each is false, but probably perceived to be true by rather too many of those who ought to know better. Perceptions take a while to catch up with reality.

Read the full article HERE