Tuesday, Nov 21, 2006

An old one, never posted before and from the golden days of VI housing market ramping. Things have only got worse since.

BBC News: UK 'empty nesters' top cash table

Analysts say this post-war baby boom generation has reaped the rewards of better job prospects, having their families early, and high house prices.

"Generally, the boomers are better paid than previous generations and have had their families early," Andrew Russell, the report's author, told BBC News Online.

"Their children have now left home early, relieving them of a huge expense," Mr Russell added.

And the strength of the UK housing market means British early empty nesters are enjoying more spending power than their European counterparts, the report said.

"Many Britons have owned their homes for 30 years and have benefited enormously from house price increases."

Posted by scumbag @ 05:09 PM (667 views)
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