evidence: For the average respondent in the South East of England, 33% of their wealth came from property compared with just 20% in the North East. Property ownership and property value explains a lot of the difference in average wealth between these regions. Despite the South East having the highest house prices outside London, those living there were among the most likely to own property (64%) and had median net property wealth of £111,000. By contrast, those in the North East were the most likely to live in rented accommodation, except for London, where people are younger on average and see the highest house prices of any region. [...] Today's younger generations are less likely to own their own home than their predecessors. This is noteworthy since living in a rented home was associated with lower wealth than mortgaged homes when controlling for age and other factors. Not only does a homeowner's wealth grow as long as house prices rise, but buying property with a mortgage acts as a form of obligatory saving. Renting households are the most likely to be in problem debt, and have been shown to have lower financial resilience in the form of savings that could act as a buffer against unexpected expenses or losses of income.