Contents
A slowdown in household income growth
The “new normal”: productivity and interest rates
Trends in inter-generational wealth and home ownership
2 Overall levels of household saving and debt
The flow of income into savings (the household saving ratio)
Overall levels of household debt
The balance of responsibility between regulators and Government
3 Helping over-indebted households
The scale and incidence of over-indebtedness
Non-credit debts, and arrears to government and local authorities
Remedies: Regulating high-cost credit
Remedies: easing the burden of over-indebtedness
Remedies: improving the availability of lower-cost credit
Increasing savings under automatic enrolment—auto-escalation and self-employment
6 Planning for retirement after pension freedoms
Advice, guidance and consumer engagement
Default options and consumer protection
7 Conclusions and recommendations
List of Reports from the Committee during the current Parliament
Published: 26 July 2018