As the chart highlights, it’s a myth that each generation does better than the one before – indeed, for the first time since WW2, over half of all people in the US aged 35 are earning less than their parents were at the same age.
According to www.money.co.uk the average age of a first time buyer in the UK has risen 21% since 2007 and is now 34 years old.
UK life expectancy data, (published by ONS prior to the pandemic www.ons.gov.uk) includes these three main points:
- Life expectancy at birth in the UK in 2017 to 2019 was 79.4 years for males and 83.1 years for females; slight improvements were observed from 2016 to 2018 of 6.3 weeks and 7.3 weeks for males and females respectively.
- The relatively low increases in life expectancy at birth in 2017 to 2019 suggest a continuation of a trend observed since 2011, where annual life expectancy improvements have slowed down in comparison with the previous decade.
- In comparison with selected Organisation for Economic Co-operation and Development (OECD) countries for which data are available, England, Wales and Scotland have among the lowest annual improvements in life expectancy at birth for both males and females.
We can debate at length the causes but I prefer not to engage with politics and instead prefer to find answers in principles and natural laws. I also believe in the power of individuals and, in particular, small organisations to make a difference rather than waiting for governments or other large institutions to effect change. I’ve seen something that every company can do which will improve the lives of the individuals who work for them and for society too – and it’s very simple and costs nothing.
To read the rest of this newsletter click here.
Join over 6,000 property professionals, including leading estate and letting agents and receive information, insight, ideas and inspiration (four-i) from top estate agency coach Peter Knight, straight to your inbox every Monday. Join now
Find out more about Property Academy and the services we provide here.
Agree or disagree with the views expressed in this newsletter? Share the article and your views on social media today.