Pensioner poverty: fear of rise over decades as UK under-40s wealth falls

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.