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Wales Online
Wales Online
National
Vicky Shaw (PA) & Steven Smith

Houses only cost £40,000 in today's money but less than half of people lived to 70 - life when Queen took the throne in 1952

House prices are more than six times today what they were in 1952 when the Queen took the throne - even when adjusted for inflation. On the brighter side, however, far more people are living to the age of 70 than back then.

More than four-fifths (85%) of the "Platinum Jubilee generation" are homeowners and around one in seven have a second home, according to a think-tank. The Institute for Fiscal Studies (IFS) looked at how the lives of people who turn 70 this year have turned out, to shed light on the social and economic changes that have taken place during the Queen's reign.

Of those born in 1952, 76% of men and 84% of women are still alive, making it to age 70, the IFS said. This compares with just 34% of men and 45% of women who were born in 1882 and made it to their 70th birthday in 1952.

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