Britain’s Youngest Workers Face a Bleak Economic Future
The 20-somethings face a toxic cocktail of exorbitant housing costs, weakening job prospects and a heavy load of student debt.
Commuters walk across London Bridge.
Photographer: Daniel Leal/AFP/Getty ImagesSticky inflation, rising bills and the fastest set of interest rate hikes in a generation have plunged the UK into a deep cost-of-living crisis. For Britain’s youngest workers, the pain stretches deeper; the country’s adult Zoomers, now in the first half of their twenties, face a toxic cocktail of exorbitant housing costs, weakening job prospects and a heavy load of student debt.
Together the headwinds threaten to choke not just their ability to progress economically, but also the future prosperity of a country that desperately needs to fill jobs. Anemic growth means there’s no immediate end in sight.