Over a third of first time buyers relying on ‘bank of mum and dad’

Posted on March 16, 2024 by Admin

Tories accused of deserting those without financial support, as proportion relying on help with deposits rises from 27% to 37% in a year

Rishi Sunak has been accused of “locking the door on home ownership” and entrenching inequality, amid evidence that tens of thousands more young house buyers have been forced to turn to the “bank of mum and dad” to secure a new home.

A crisis in housing affordability is again set to be a major election flashpoint, with the prime minister already admitting in recent months that the Conservatives needed to do more to address falling home ownership rates among the young. The party has failed in its manifesto pledge to build 300,000 houses a year.

Energy bills: older Britons will pay more but youngest will struggle most, report finds

Posted on November 13, 2022 by Admin

Cost of living crisis affecting different generations in very different ways, says Resolution Foundation

Older people face a bigger income hit from surging energy costs this winter but younger households are more at risk of being unable to pay their bill or getting into debt amid the cost of living crisis, according to a report.

As households across Britain turn their heating on, the research by the Resolution Foundation thinktank found that older generations, in particular the over-75s, will spend a bigger share of their income, up from 5% to 8%, on their energy bills. For those under 50 the proportion is 5%.

Young people more optimistic about the world than older generations – Unicef

Posted on November 18, 2021 by Admin

Despite mental health and climate concerns, youth believe they can improve the world, survey for World Children’s Day finds

Young people are often seen as having a bleak worldview, plugged uncritically into social media and anxious about the climate crisis, among other pressing issues.

But a global study commissioned by the UN’s children’s agency, Unicef, appears to turn that received wisdom on its head. It paints a picture of children believing that the world is improving with each generation, even while they report anxiety and impatience for change on global heating.

The majority of young people saw serious risks for children online, such as seeing violent or sexually explicit content (78%) or being bullied (79%).

While 64% of those in low- and middle-income countries believed children would be better off economically than their parents, young people in high-income countries had little faith in economic progress. There, fewer than a third of young respondents believed children today would grow up to be better off economically than their parents.

More than a third of young people reported often feeling nervous or anxious, and nearly one in five said they often felt depressed or had little interest in doing things.

On average, 59% of young people said children today faced more pressure to succeed than their parents did.

‘Do you blame us for house prices?’ Gen Zers answer baby boomers’ biggest questions

Posted on August 4, 2021 by Admin

What is really going on with virtual sex and identity politics - and when did people stop caring about snooker? Four people born in 2000 offer their advice to people in their 50s, 60s and 70s

When interaction between the generations is interrupted – and there doesn’t even have to be a pandemic; sometimes we just forget to call each other – it is easy for misunderstandings to flourish. Negative perceptions can build to such a pitch that, even if you had your grandchildren standing right in front of you, you possibly wouldn’t want to tackle them head-on. Or perhaps your perceptions aren’t negative – there are just pockets of puzzlement.

Four zoomers – Patrick Baggaley, Freya Scott-Turner, Rachel Ayo Ogunleye and Aidan Nylander, all born in 2000 – are here to clear up everything. Baggaley is a chef based in London; Scott-Turner is studying journalism and living in Cambridge; Ayo Ogunleye is studying medicine and based in Beckenham, south London; and Nylander is between two degrees and lives in Newcastle.

‘You’re not snowflakes’: baby boomers answer gen Z’s biggest questions

Posted on August 3, 2021 by Admin

It can feel as if the generation gap is wider than ever – but not when people really talk. Here, four sixtysomethings offer advice to those in their teens and 20s

We live in an era in which, for the most part, the generations do not mix frequently. Grandparents are visited occasionally; young people seek the freedom of independent living as early as possible. On social media, intergenerational warfare is commonplace, as members of gen Z (those born between the mid-90s and the early 10s) criticise older people for hoarding wealth, while baby boomers bemoan the perceived sensitivity of the younger generation.

But what would happen if baby boomers gave the TikToking young adults of today an insight into their thinking – and threw some life advice into the bargain? To that end, we assembled a panel of baby boomers – Tayo Idowu, 64, a marketing director from London; Liz Richards, 68, a retired nurse from Derby; Paul Gibson, 63, an accountant from Arundel, West Sussex; and Maggie Tata, 65, a carer from London – to answer gen Z’s questions (even the tongue-in-cheek ones).