All Consuming Pressure: the cost of living crisis facing younger generations

Document type
Report
Author(s)
Kingman, David
Publisher
Intergenerational Foundation
Date of publication
6 October 2019
Subject(s)
Social Policy, Children and Young People, Older Adults, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

Download (2.3MB )

Do Millennials spend 'too much' money on 'luxuries'? The goal of this research was to put this idea to the test by looking at the share of their total expenditure which members of the Millennial generation are allocating to 'essential' categories of expenditure, and to compare the amount which Millennials are allocating to essentials with both that spent by other generations in the present and also with that spent by the members of Generation X when they were at the same stage in life.

This report also investigates which socio-economic characteristics are associated with a Millennial household having high expenditure on essentials, in order to investigate why some Millennial households have higher expenditure than others. Finally, an original piece of quantitative survey research investigates how much older people are aware of the problems affecting young adults’ living standards and how willing they are to offer them financial assistance.

More from Social welfare collection

Related to Social Policy

There is a cost of living crisis ... and no room for complacency

Although the reduction in unemployment and the attainment of record numbers in work are welcome, wage growth remains depressed. Because wages have lagged behind both Consumer Price Index (CPI) inflation

Squeezed youth: the intergenerational pay gap and cost of living crisis

Who have been the biggest victims of the “cost of living crisis” which has occured in Britain since the beginning of the recession in 2008? In this study, IF analyses data taken from the Annual Survey

Changing lanes: the impact of different post-Brexit trading policies on the cost of living

This paper looks at the impact of two possible 'no deal' Brexit scenarios

The essential guide to squeezed Britain

The recovery has been faltering, few have enjoyed a pay rise, the cost of living has spiked and the government has introduced a major programme of cuts. As a result, living standards have fallen for

More items related to this subject