Under-30s pay the highest price for the UK’s cost-of-living crisis
- On March 24, 2022
- By GrowthInvest Marketing
The cost-of-living crisis is biting across the generations, but the under-30s are likely to be among the hardest hit. A recent report from the Intergenerational Foundation thinktank suggested the age group will bear the brunt of Covid and the health and social care levy.
In common with other workers, they face rising prices and bills. But those with student debts face another cost – millions can expect higher bills on student loans next year after the government froze the thresholds at which repayments start.
“Young people’s prospects have suffered,” says Liz Emerson, co-founder of the Foundation. “Covid borrowing, the energy crisis and sky-high inflation have exacerbated the situation, with policymakers choosing to extract more tax from younger, rather than older, generations by targeting earned, rather than unearned, income.”
GET IN TOUCH!
CALL US020 7071 3945
FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.
GrowthInvest is a trading name of EIS Platforms Limited. EIS Platforms Limited (FRN: 694945) is an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK.
All rights reserved 2023 @ growthinvest