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The payment would be funded by changing the way the UK's inheritance tax is structured, and would increase the wealth of the majority of Britain's younger people.
One in three millennials may never own a home from the cradle to the grave, say the Resolution foundation, who call for action on Britain's housing crisis.
Britain's labour market has been the subject of much head-scratching in recent years.
A new report by the Resolution Foundation found agency workers earn significantly less than employees in comparable jobs.
Resolution Foundation report shows that Britain faces the longest fall in living standards since the 1950s.
New analysis by the Resolution Foundation predicts real wages to continue to fall until the end of 2017.
A no-deal Brexit would result in £500 a year worth of price rises for millions of British households, a Resolution Foundation report has shown.
Millennials are being forced to live in smaller spaces, commute for longer, and wait on average until their 40s to buy a house.
The Resolution Foundation says most UK businesses don't plan to hire more UK workers if migration drops, and warns of changes in the face rising labour costs.