Is the generational wealth gap narrower than we thought?
4/10/202637 min
Many younger adults think they are substantially less well-off than their parents.
But while there are inequalities, new research suggests the wealth gap may be far narrower than previously reported - and it is largely down to the cash those in their twenties and thirties have stashed in their pensions.
On this week's episode of the This is Money podcast Lee Boyce, Helen Crane and Georgie Frost discuss why official figures got it wrong, and whether property versus pension is a pointless comparison.
The team also ask what will happen to interest rates and mortgages due to the fact that - for now at least - a ceasefire in Iran appears to be holding.
Elsewhere, Lee reports on a ferocious best buy battle at the top of the fixed cash Isa tables, where even the high street banks are getting involved.
And finally, another Chinese pretender to Amazon's retail throne has entered the UK.
Is Joybuy any good, how did it fare when our reporter put its delivery service to the test - and do we really need another place to buy bargain toilet rolls online?
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Transcript preview
First 90 secondsGeorgie Frost· Host0:00
[upbeat music] Welcome to This is Money podcast, sponsored by Trading Two one two. Download the Trading two one two app and open a cash ISA with promo code TIM to get the twelve-month bonus promo rate of four point six two percent. Terms apply. I'm Georgie Frost. And joining me and Lee Boyce today is Helen Crane. And coming up, fears of multiple interest rate rises this year recede due to the ceasefire in Iran. Will it bring welcome relief for borrowers? And could flaws in the data mean that generational wealth gap isn't as bad as we feared? Plus, Lee runs through the best cash ISA rates for the new tax year, and one of them might surprise you. And move over, Amazon. Is Joybuy the next big thing in online shopping? Don't forget to stay up to date with all the latest breaking money news, just go to thisismoney.co.uk or download the app. But first, still be it fragile, markets reacted immediately to the news this week of a ceasefire between Iran and the US. Stocks swung higher, oil prices fell sharply, and traders have since been reevaluating just how many rate hikes we might get in the UK this year as a result. From two cuts pre-war to four rises, it now seems the consensus has landed on one increase from the Bank of England. Will that spell better news for mortgage holders and the battered UK housing market? Welcome, Lee. Welcome, Helen. So to you both, I, I whisper all this rather softly because, let's be honest, anything could change. But as it stands, what impact has the ceasefire had