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Home-ownership in later life: financial benefit or burden?
- Authors:
- HANCOCK Ruth, et al
- Publisher:
- York Publishing Service/Joseph Rowntree Foundation
- Publication year:
- 1999
- Pagination:
- 70p.,tables,bibliog.
- Place of publication:
- York
Study analysing the financial costs and benefits of owner-occupation in later life. Includes sections on: home ownership among older people in Britain; the housing wealth of older home owners; is owning cheaper than renting; the potential for housing wealth to supplement income in later life; housing as a form of saving; and conclusions and policy issues.
Housing wealth, income and financial wealth of older people in Britain
- Author:
- HANCOCK Ruth
- Journal article citation:
- Ageing and Society, 18(1), January 1998, pp.5-33.
- Publisher:
- Cambridge University Press
Explores the housing wealth of older people in Britain in relation to their incomes and financial wealth. Uses the Family Expenditure Survey data for 1992/3 to 1993/4 to assess the extent to which housing wealth could alleviate income poverty in old age. Analysis suggests that although housing wealth increases with both income and financial wealth, there are non-negligible portions of low income older people who could generate small supplements to their incomes by converting the wealth tied up in their homes into an income stream. However, asks whether this be sufficient to pay for long-term residential care for any length of time.
Attitudes to inheritance: an exploratory study
- Authors:
- HANCOCK Ruth, et al
- Publisher:
- Joseph Rowntree Foundation
- Publication year:
- 2002
- Pagination:
- 22p.,bibliog.
- Place of publication:
- York
It is often suggested that people's attitudes to inheritance are changing and that in future older people will feel less desire to pass on their wealth to their children and more inclined to pay their care costs, meet everyday needs or capital expenditure such as the cost of housing repair. Drawing on a review of existing academic literature, market research and other industry survey evidence, this report considers what is known about how, if at all, people's attitudes towards bequeathing and inheriting wealth are changing and examines demographic and other trends. It concludes by setting out the implications for financial provision in older age and makes recommendations for further research.