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Read MoreYou’ve never had it so… bad?
It seems every week another report is published that contains bad news for those leaving school, college or university.
According to the latest, from the Intergenerational Foundation, younger people in the UK are losing out badly relative to older generations. In fact, the prospects of younger people have “nose-dived” since the start of the financial crisis in 2008.
Researchers used an Intergenerational Fairness Index to rate official data from 1990 to 2011 and compare key areas from income and employment to housing, health, pensions and education, and sees how they affect different generations and also how they have changed over the past 20 years.
The report shows a deterioration since 2000 and a rapid worsening since the financial crisis began in 2008.
“The index shows that poorer young people are financing richer old people as our society grapples with demographic change and increasing longevity,” said co-author Angus Hanton.
It’s not all bad news though – some indicators have improved. For example in 2010 a greater percentage of national income was spent on education than at any time since the mid 1970s.
