The evidence that shows today's 20-somethings really do have it worse
•Today's 20-somethings in the UK face greater challenges than previous generations, with more than 40% living with their parents.
•Home ownership among 25-year-olds has dropped from 43% in the mid-1980s to just 15% now due to skyrocketing housing costs.
•Young adults are experiencing wage stagnation and rising living expenses, making it harder for them to achieve financial independence.
The evidence that shows today's 20-somethings really do have it worseTo play this video you need to enable JavaScript in your browser.This video can not be playedFigure caption, Watch: Adam, Daisy, Rachel and Shahida on the struggles they face with home ownership, employment and wage stagnationByColletta Smith, BBC Your Voice correspondent and Elaine Doran, BBC Your Voice producerPublished1 minute agoYoung people in their 20s are facing a tougher start to adulthood than any generation in almost half a century, according to analysis of UK data on housing, employment and wealth, carried out for the BBC.More than 40% of 25-year-olds are now living with their parents, their wages have stagnated and employment has fallen, show the figures which compare key metrics for different generations at age 25 stretching back to the early 1980s.The findings are underscored by the experiences of young people themselves who, along with parents, have contacted BBC Your Voice about their circumstances, with many saying they were frustrated about being accused by older generations of not trying hard enough.We asked the Institute for Fiscal Studies (IFS) to gather and analyse government data, external, for the first time, to see if this generation really does have it worse.The biggest change it found was where those in their 20s are living.Home ownership rate down by two-thirds in 30 yearsThe number of 25-year-olds owning their own home has plummeted from 43% in the mid 1980s to just 15%. There is a simple reason for that: it is too expensive.The data shows that housing costs for renters or people with a mortgage in their 20s are the highest they have ever been for them at this age, and they now take up a higher share of income than for their parents or grandparents.And that's not even factoring in the rising cost of affording to run a home, where bills have spiraled rapidly, hitting Gen Z hardest as its wages are lower on average than other age groups facing the same rising pr...المصدر: BBC News | Source: BBC News
→Today's 20-somethings in the UK face greater challenges than previous generations, with more than 40% living with their parents.
→Home ownership among 25-year-olds has dropped from 43% in the mid-1980s to just 15% now due to skyrocketing housing costs.
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