On top of this, the paper suggests scrapping current rules that guarantee that the state pension "will rise annually by an average of 0.26% more than earnings" and restricting universal benefits to pensioners, such as winter fuel allowance, free TV licences and free bus travel.

BBC: Pensioners should pay more tax, argues Fabian Society

These issues will affect the dreams of millions, and only their successful resolution can guarantee the market returning to a place where once again homeownership is a realistic goal for the average American.

FORBES: American Dream Of Homeownership Fading. Rejoice.