This survey from the Young Women’s Trust illustrated how young people are facing serious financial pressures, which are impacting heavily on their ability to lead independent lives and on their plans for the future. Although both genders are facing challenges, it appears young women are being hit harder than young men.
The findings report that almost half of young people (48%) said they may have to put off having children until they can afford to have them, more than four in ten young people aged 18-30 live with their parents (43%), with almost one in four (24%) of those aged 25-30 having said this. Almost one in four of all young people (24%) had to move back home with their parents/guardian/carer after a period away because they couldn’t afford to live away from them. It is not difficult to imagine what impact this must have on relationships. Young people may find it more difficult to maintain romantic relationships while living at home, due to a lack of privacy and independence.
The survey report points to a number of social and economic issues that contribute to this loss of independence, mainly housing, unemployment and pay/job security; with young women, single parents and young people from Black, Asian, Minority and Ethnic (BAME) group most likely to be affected. The survey report calls on policy-makers to tackle these inequalities by placing them at the heart of government policy.