The evidence that shows today's 20-somethings really do have it worse
Summary
Young people in their 20s in the UK are having a harder time starting adult life than previous generations. Fewer young people own homes, more live with their parents, and employment rates have dropped, especially for young women.Key Facts
- Only 15% of 25-year-olds own their homes today, compared to 43% in the 1980s.
- The number of 25-year-olds living with their parents has risen from 25% in the 1990s to 42% now.
- Housing costs take up a bigger part of young people's income than before.
- Bills and living expenses have risen fast, while wages for young people have mostly stayed the same or fallen.
- Employment rates for 25-year-olds dropped from 77% to 71% for women and from 84% to 76% for men over the last decade.
- Young people face more job competition and uncertainty, including challenges from new technologies like AI.
- Many young adults express frustration about being judged harshly by older generations.
- The situation affects parents too, who find it harder to have their own space and future plans.
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