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Barriers to homeownership dividing Britain, youth say -survey

Most young Britons say rising barriers to home ownership are dividing the country socially and economically, and one in five has abandoned the dream of ever owning a property, a survey by mortgage provider Halifax said.Over 70 percent of 8,051 survey respondents said the country was being split between those who could and those who couldn't buy a home, which in the long run could impact neighborhoods, families and the job market, the Lloyds Banking Group-owned lender said on Monday.The respondents, aged between 25 and 40, said the effects included leaving their generation without sufficient resources for retirement, affecting social mobility and widening the country's wealth gap.House prices rose steeply in Britain from the late 1990s until the global financial crisis broke in 2008, and they have been kept high by a combination of factors, including historically low interest rates and shared ownership schemes."Home ownership is clearly still an important goal for a lot of people, but f...

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  1. Analysis: Britain's ills on display in rising car sales

    One of Britain's few economic bright spots - a 13-month run of increased car sales - may actually say more about the country's ills than it does about its growth pro...

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  3. 10 Best-Paying Cities for Women

    The wage gap between men and women will not close for 45 years, according to new research from the Institute for Women's Policy Research. The group found that the wa...

  4. BET founder on high unemployment among African Americans

    Robert Johnson discusses high unemployment among African Americans

  5. As euro zone suffers, emerging markets thrive

    No matter how Cyprus's financial drama ends, its troubles show yet again that rich countries enfeebled by the great financial crisis remain a weak link in the world ...

  6. Fed's Raskin: Low-Wage Nature of Jobs Recovery Threatens Economy

    Too much of the recent growth in U.S. employment has been concentrated in low-wage and temporary jobs, leaving the recovery on shaky ground, a top Federal Reserve of...

  7. Cheung Kong Executive: Housing Sales in China to Slow Following Curbs

    Chinese developers' housing sales will definitely slow after the government recently unveiled stricter rules aimed at curbing speculation in the market, but the long...

  8. Tax Pain: Who Doesn't Pay Their Fair Share?

    Curtis Dubay of the Heritage Foundation weighs in on the Buffett Rule and the fair share.

  9. Analysis: Many people curb spending in two-speed economy

    The Dow Jones industrial average is at an all-time high, the jobless rate has fallen to a four-year low and the housing market is seeing a recovery, but for many low...

  10. For Nordic bosses, joys of home trump top dollar pay

    Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content wi...

  11. Growing Wealth Inequality in U.S.?

    Duke University Professor Dan Ariely on his study on wealth distribution in the America.

  12. Power Play 3/8/2013

    Can GOP learn to live with libertarianism? Is Obama outreach for real? And spending fight rages on

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