Soaring energy bills, rising food prices and the threat of a recession: the “class of 2022” has graduated into the worst cost of living crisis for decades.
Not that things have been easy for young adults for a while. Shreya Nanda, an economist with the Institute for Public Policy Research’s Centre for Economic Justice, says they have faced their own crisis “for many years – in terms of stagnant wages, rents going up, high marginal tax rates faced by young people and their state spending being cut”.
