Millions of young people in Britain are feeling about pessimistic about their futures because of financial and work problems, with women more affected than men.
A study named ‘No Country for Young Women’ commissioned by the Young Women’s Trust polled 4,000 18-30 year olds found that millenials feel their lives are on hold, leaving them in a state of ‘suspended adulthood’.
Dr Carole Easton, chief executive of Young Women’s Trust said: “At a time of life traditionally characterised by youthful confidence and optimism, it is distressing that so many young people, especially young women, are struggling to make ends meet, and are increasingly worn down and worried about the future.”
The survey revealed that many young people struggle to find suitable financial reward for work, as 22% of respondents had worked for less than minimum wage. Three in ten had worked on zero hours contract, with almost half (48%) admitting they are worried about how much their job pays.
Financial pressures were found to be more of an issue for women, as 39% of respondents said it was a struggle to make their money last until the end of the month. Only 27% of men had the same problem.
These worries are having a psychological affect, as 38% of women said they were worried about their mental health.
Easton added: “Make no mistake about it, we’re talking about a generation of young people in crisis. And while life is hard for many young people, our survey shows it’s likely to be considerably tougher if you are a young woman.”