Wednesday, December 9, 2009

We’re all Italians now

Student debt creates generation of mummy's boys

Student debt, unaffordable house prices and rising unemployment is helping create a generation of mummy’s boys. One in four young men aged 25-29 still live with their parents, compared to one in eight young women. High house prices and student debt mean young adults find it more difficult to move out. Rising joblessness in the recession is also making it harder for young people to live independently. Parents living in outer London are also more likely to have their grown up offspring living with them because these young adults could save by living at home while commuting into central London to work.

Posted by drewster @ 01:02 AM (1311 views)
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3 thoughts on “We’re all Italians now

  • The Nanny State.

    More palatable than the truth, which is the iron fist in Marigolds.

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  • tyrellcorporation says:

    Ha ha, the baby boomer’s greed comes round and bites them on the ar*e! LOL!

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  • cat and canary says:

    ..my parents weren’t BTL baby boomer parents and live in a dead-end town with no decent jobs!

    forunately for me, i’m old enough that there were still student grants to help. I couldn’t have afforded to go to uni had I been born 6 years later.

    Labour have succeeded in making university less accessible to those from poor backgrounds.

    I know plenty of students graduating with £30K of debt.

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