MLC says Millennials are first generational to be less well off than their parents
A Tynwald member and demographer fears young people are stuck renting because of changes to intergenerational wealth.
Paul Craine, who's recently published an updated study of the Island's population, has been discussing the challenges younger generations face getting on the property ladder.
The MLC says data shows Millennials are the first generation to be less well off than their parents.
He says there aren't enough properties available for those looking to buy their first homes:
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