News Tag: young people

July 31, 2009

Government creates 47,000 jobs for unemployed youth

by David Masters
The government has announced plans to create 47,000 new public sector jobs in a bid to curb unemployment among school and university leavers. The jobs, which include sports coaches, tree planters, teaching assistants and carers, will be aimed at 18 to 24 year olds who have been out of work for at least 12 months. Councils and charities will be able to bid for money from a £1 billion pot, to fund ...

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July 15, 2009

May sees biggest ever quarterly rise in unemployment

by Kay Murchie
The Office for National Statistics has today revealed that UK unemployment rose by 281,000 in the three months to May - the biggest quarterly rise on record. Unemployment in the UK has now reached 2.38 million - the highest since 1995, while the unemployment rate is up to 7.6% - the highest in over a decade. Meanwhile, the number of people ...

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June 15, 2009

Mental health of young people damaged by debt

by David Masters
Two documentary-style short films released this week aim to educate young people on how to avoid the debt trap. Produced by the Citizens Advice Bureau (CAB), the films were created in response to recent research highlighting the detrimental effect that debt worries have on the lives of young people. The study by YouthNet found that a quarter of 16-24 year olds ...

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Home ownership loses pulling power

by Gill Montia
New research from the Chartered Institute of Housing (CIH) shows how the recession and credit crisis are affecting the British obsession with property ownership. According to the CIH, which represents public and private sector bodies involved in housing and communities, young people who have seen once out-of-reach house prices tumble, are particularly disillusioned. In a survey completed last month, 37% of 18 to 24-year-olds ...

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May 26, 2009

Survey reveals half of Brits not saving for retirement

by Kay Murchie
A survey commissioned by the BBC has revealed that saving for a pension is not a top priority for many UK adults. The report revealed that half of adults in the UK aged between 20 and 60 are not putting anything towards a pension with the situation being worst for those under the age of 30. The reason for not ...

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February 10, 2009

Two million boomerangers live with parents

by David Masters
A growing number of young adults are living with their parents to save money during the credit crunch. A survey by Abbey Mortgages found that one in five 18-24 year olds either moved back in with their parents or put off plans to leave home last year. These 'baby boomerangers' - totalling more than a million in number - made the decision to ...

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June 4, 2008

FSA launches money guidance website for young peopleA new website has been launched by the Financial Services Authority (FSA) which offers financial information for young adults.

by Kay Murchie
A new website has been launched by the Financial Services Authority (FSA) which offers financial information for young adults. The website, www.whataboutmoney.info, has been designed to give guidance about obtaining, saving and spending money. Research by the FSA has established that two-thirds of young people are not planning ahead and 80% of young people are in debt by the age ...

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