Nearly half of all 16 to 25-year-olds in the UK fear they will never earn enough to support a family amid the cost-of-living crisis and looming recession, a youth charity’s report reveals.
The Prince’s Trust said the age group’s happiness and confidence is at its lowest level since it started the research 14 years ago. Releasing its 2023 youth index on Monday (January 30), the charity said young people are most unhappy about their money and mental health.
The report reveals 57 per cent of young people said the cost-of-living crisis is their biggest worry for the future, while 34 per cent said the coming recession is their greatest concern. Some 46 per cent overall said economic uncertainty makes them feel hopeless about the future, rising to 55 per cent for those from poorer backgrounds.
