A debate into the financial challenges facing different generations has been kicked off by the City regulator, the Financial Conduct Authority. It wants to hear feedback by August 2019 to its discussion paper exploring people's changing financial need
MONEY challenges across the generations are to be explored by the Financial Conduct Authority.
The regulator says a few decades ago people could get their first mortgage in their mid-20s and pay it off before retirement.
However, millennials born between 1981 and 2000 now take out a mortgage more than five years later in life and may still be repaying it after they retire.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here