Drop from £7.53 in every £100 to £3.98 in 10 years comes as property drives intergenerational divide

Campaigners have sounded the alarm about a potential increase in pensioner poverty in Britain over the coming decades after it emerged that the share of wealth held by people under 40 has fallen sharply amid a growing intergenerational divide.

Data from the International Longevity Centre (ILC) thinktank shows that in 2010-11, under-40s made up just over half of the population and between them held £7.53 of every £100 in wealth.

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