Wealth of people in their 30s has 'halved in a decade'
People born in the early 1980s, now in their 30s, are half as wealthy compared to those born a decade before them at the same age, according to UK-based think-tank Institute for Fiscal Studies. The lower wealth accumulation and home-ownership is attributed to the stagnation of working-age incomes, high renting costs, and over-expenditure due to credit cards.