Young adults in UK are concerned about paying for their fami...| MENAFN.COM

Friday, 24 March 2023 01:21 GMT

Young adults in UK are concerned about paying for their families

(MENAFN) According to a Prince's Trust charity research released on Monday, nearly half (45 percent) of young adults in the United Kingdom between the ages of 16 and 25 worry that they are never going to be able to support a family. When compared to young individuals from more affluent families, the percentage rises to 53 percent.

Only 36 percent of respondents who responded to the charity's survey stated that having a family was their top priority, suggesting that their fear may have hindered long-term planning. Getting financial security received 64 percent of the comments, which is a lot more common. A further 43 percent chose their key objective to be in excellent mental health.

In terms of how to do so, 70 percent of respondents said having a work that offers them financial security was beneficial, and 59 percent stated that just having a job, regardless of pay, benefited their mental health.

The cost-of-living problem was quoted by 57 percent of respondents as the age group's main concern. Another 34 percent stated that their main fear was the impending recession, which is being anticipated by an increasing number of economic experts globally.


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