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| Young 'being ghettoised' by inner city renting | Young 'being ghettoised' by inner city renting |
| (35 minutes later) | |
| Young families are being "ghettoised" in inner city areas by the housing crisis while older homeowners become isolated in the suburbs, a report says. | Young families are being "ghettoised" in inner city areas by the housing crisis while older homeowners become isolated in the suburbs, a report says. |
| The Intergenerational Foundation study says the number of areas dominated by over-50s has risen sevenfold since 1991 as young people move into the cities. | The Intergenerational Foundation study says the number of areas dominated by over-50s has risen sevenfold since 1991 as young people move into the cities. |
| Even within urban areas, older people, children and young adults are living increasingly separate lives, it adds. | Even within urban areas, older people, children and young adults are living increasingly separate lives, it adds. |
| The government said housebuilding was an "absolute priority". | The government said housebuilding was an "absolute priority". |
| The report, which analysed segregation by age in local areas across the UK, said: "Segregation is usually a consequence of housing-related issues." | The report, which analysed segregation by age in local areas across the UK, said: "Segregation is usually a consequence of housing-related issues." |
| It calls for: | It calls for: |
| Angus Hanton, co-founder of the Intergenerational Foundation, said: "We are drifting towards a two-tier society where the young are ghettoised, paying high rents in city centres to older landlords living it up in rural and suburban bliss." | |
| He said "age segregation" had increased most dramatically among young adults during a period when they had become much more likely to rent housing instead of getting on the property ladder. | |
| This suggested that it was being driven by the problems in the UK housing market, he said. | |
| Developed in partnership with finance firm Legal and General, the report warns that such trends could have consequences for the economy - such as higher unemployment and families struggling to look after each other. | |
| It cites the examples of Cardiff and Brighton, where young people are becoming increasingly concentrated in city centres and are much more likely to become renters rather than owner-occupiers. | It cites the examples of Cardiff and Brighton, where young people are becoming increasingly concentrated in city centres and are much more likely to become renters rather than owner-occupiers. |
| It says: "Suburbs and outlying settlements are ageing because young people can't afford to move to them in the way they once did. | It says: "Suburbs and outlying settlements are ageing because young people can't afford to move to them in the way they once did. |
| "Meanwhile, the flow of young people towards the big cities, and away from rural areas, appears to be intensifying, threatening to undermine the future viability of rural communities." | "Meanwhile, the flow of young people towards the big cities, and away from rural areas, appears to be intensifying, threatening to undermine the future viability of rural communities." |
| 'Bold steps' | 'Bold steps' |
| Leeds, Nottingham, Sheffield and Southampton are also identified as age segregation hotspots where more than 30% of young adults, and 25% of retirees, would have to redress the balance across the generations. | Leeds, Nottingham, Sheffield and Southampton are also identified as age segregation hotspots where more than 30% of young adults, and 25% of retirees, would have to redress the balance across the generations. |
| Mr Hanton said that now only 5% of people living in the same area as someone over 18 are over 65, compared to 15% in 1991. | Mr Hanton said that now only 5% of people living in the same area as someone over 18 are over 65, compared to 15% in 1991. |
| This was weakening the bonds between the generations and leads to a lack of understanding of each other, he said. | This was weakening the bonds between the generations and leads to a lack of understanding of each other, he said. |
| Nigel Wilson, chief executive of Legal and General, said: "We have created an inter-generationally unfair society. | Nigel Wilson, chief executive of Legal and General, said: "We have created an inter-generationally unfair society. |
| "We need to take bold steps to reverse the negative trends of the last 30 years." | "We need to take bold steps to reverse the negative trends of the last 30 years." |
| The Department for Communities and Local Government said: "Building the homes that communities need is an absolute priority for the government and we have delivered nearly 900,000 since the end of 2009. | The Department for Communities and Local Government said: "Building the homes that communities need is an absolute priority for the government and we have delivered nearly 900,000 since the end of 2009. |
| "We've also set out the largest housebuilding programme since the 1970s, doubling the housing budget so we can build a million extra homes." | "We've also set out the largest housebuilding programme since the 1970s, doubling the housing budget so we can build a million extra homes." |