It has been long suspected that declining real incomes  have contributed to much of the heartaches my generation is currently experiencing  Stagnant wage growth seems to be the new normal. It seems the middle class has been bearing the brunt of these effects  as you can see below.....

In the United Kingdom, The chances for young adults on a middle class income owning a home in the UK have more than halved over the past two decades.

The Institute for Fiscal Studies has reported that the explosion in house prices above income growth has increasingly robbed the younger generation of the ability to buy their own home. For 25-34 a year old earning between £22.200 and £30,600 ($30,110 - $41500) per annum, home-ownership has fallen to 27% down from 65%. Down from only two decades ago.

Now according to the institute, middle income young adults born during the 1980s are no more likely than those lower on the payscale to own their own home. However, those born during the 1970s were almost as likely as their peers on higher wages to buy their own home during adulthood.

Between the years 2014-2017 roughly 30% of 25- to 34-year-olds whose parents were in lower-skilled jobs such as delivery drivers or sales assistants owned their own home, versus 43% for the children of those in higher-skilled jobs such as lawyers and teachers. The study also highlights the growing disparities between rich and poor, as well as young and old, across the country. It also illustrates the drop in home ownership over the past decade. While those on middle incomes have seen the largest fall in ownership rates, those in the top income bracket have been least affected. 

 Owner-occupation rates in Britain have been steadily declining since 2003, when the proportion of people owning their home reached its peak of 71%, having risen steadily since the 1980s. Population growth (Immigration mostly), and a insufficient amount of new homes being built, the failure to replace social housing sold under right-to-buy and rising property prices since have resulted in the figure dropping to 63%. Over the past 20 years, average house prices have grown about seven times faster than the average incomes of young adults, according to the IFS study. Average house prices have increased by 152% when taking account of inflation since 1995, though wages for 25- to 34-year-olds have only risen by 22% in real terms over the same period. 

solve a housing crisis the Tories created (no this has been down to decades of neglect, maybe to take it a step further almost 100 years of rent control)

Owen Jones Read moreProperty has become so expensive that the average first-time buyer is now 30 years old and has a salary of £41,000 a year. The IFS said that for nearly 90% of 25- to 34-year-olds, average house prices are more than four times their annual income after tax.
There have been some positive signals for young buyers in recent weeks, as fresh figures showed the number of first-time buyers increased to the highest levels since 2006, helped by slowing house price growth since the EU referendum.
Dominic Raab, housing minister, announced a £45m investment on Friday into community projects aimed at helping the building of thousands of new homes.“Through schemes like Help to Buy, we’re helping more people onto the housing ladder and last year saw the highest number of first-time buyers in the UK since 2006,” Raab said.

“We’ve recently cut stamp duty for first-time buyers to help thousands more. But we want to go further and faster and our ambitious plan backed by targeted investment will help even more people by delivering the homes Britain needs for young families, key workers and those on low and middle incomes.” 

I am going to be writing a article next on the effects of the Housing policy of Britian over the 20th Century. However, this gives a insight into #governmentpolicy and the situation currently unfolding in 21st Century Britian.