Inherited homes to widen great British social divide as richest benefit the most

London

A GLUT of inherited wealth from a decades-long house-price boom is set to worsen inequality in the UK, according to the Institute for Fiscal Studies. Young people today are more likely to receive an inheritance than earlier generations, and those that receive the biggest ones are already the most well off, the study showed.

Among people born in the 1970s, about 90 per cent of the highest earners will receive wealth from dying relatives, compared with about a half of workers with the lowest incomes.