Money is a constant worry for more than a third of young adults, research has revealed. Some 37% of 18-24 year olds worry about money all the time, while four in five (82%) say money stops them from doing their favourite hobbies and activities, according to the study by Audley Retirement. The younger generation also take a pessimistic view of their future, the report found, with almost three quarters of 18-24 year olds (72%) predicting they will not be able to
All 18 to 21-year-olds who are unemployed for more than six months will have to undertake compulsory work experience, a traineeship or a full-time community work placement. Unemployed teenagers who leave school without basic English and maths will be forced to go back to the classroom for 16 hours a week or lose their benefits under new rules announced by George Osborne. The chancellor said he wanted to get rid of a “culture of worklessness” among some school-leavers, as he unveiled
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The Public Health Wales (PHW) Observatory report examined the health of young people looking at indicators like nutrition, physical activity and substance misuse. It also looked at issues like income, housing and family environment. The report found the poverty figure rose to a quarter in the south Wales valleys and also said almost a third of children aged four to five are obese. PHW says most of Wales’ one million young people up to the age of 24 are fit and
According to the OECD (Organisation for Economic Co-operation and Development), high levels of youth unemployment will lead to widespread poverty in old age as young people struggle to save for retirement. A new breed of private pension schemes, which are built on monthly contributions, will be undermined if younger workers stay unemployed for long periods, said the Paris-based thinktank. As it warned that babies born today will live until 100 years of age on average and retire at 70, the OECD said
