Millennials being squeezed out of middle class, says OECD

Thinktank says middle-income group has shrunk across 40 developed countries Millennials in advanced economies around the world are being squeezed out of the ranks of the middle class, including in Britain, as pay growth stalls and house prices skyrocke…

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Rising risk of US and China housing slump causing recession – IMF

Concern that overvaluation, low interest rates and loose lending will affect stabilityA growing number of homes in the US and China are teetering on the brink of a price slump that would drag their economies into a recession, the International Monetary…

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Retirement interest-only mortgages offer lifeline to older borrowers

Demand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing termA new breed of interest-only mortgage for older people is starting to take off. These deals could throw a lifeline to thousands of…

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