The wealth gap between the young and old is growing, with lawyers warning the repercussions will be felt in both directions, according to a new report.

The latest findings from the Resolution Foundation show that whilst the decline in home ownership appears to be slowing, with rates increasing from 7.9 percent in 2016 to 9.2 percent in 2018, skyrocketing prices and trouble saving a deposit remains a huge barrier for young people.

It also found that 18-29 year olds are the only age group with lower non-housing spending now than twenty years ago, in stark comparison to baby boomers whose non-housing spending had sharply i...