RSS Feed
February 10th, 2014 
FAKE NEWS for the Zionist agenda A new poll shows that young people in Britain are overwhelmingly bearing the burden of growing debt levels, while the older generation is escaping the income squeeze.
The poll, commissioned by Demos think tank and published on Monday, showed that 55 percent of those aged 18 to 24 and 48 percent of those aged 25 to 34 said their debts have grown over the past five years.
The think tank said the British people in their 20s and 30s face a difficult choice between “putting their lives on hold or racking up substantial debt.”
In addition, the poll showed that 22 percent of the respondents aged between 18 and 24 said they had seen their debt increase a lot compared to only 4 percent of those aged over 65, who said the same thing.
The poll also found that only 12 percent of those aged 18 to 24 said their debt had decreased compared with 32 percent of those aged over 65.
A total of 1,775 adults participated in the survey, in which they were asked to calculate their debt by assessing their credit cards, rent and unpaid bills plus bank, student and payday loans.
The Demos poll follows a warning made by the Institute for Fiscal Studies last December of a drop in wealth between generations for the first time since the Second World War.
According to the institute, the British people born in the 1960s and 70s would likely have to rely on inherited wealth to be better off in retirement compared to those who were born in earlier decades.
CAH/HJL/HRB
Source Article from http://www.presstv.ir/detail/2014/02/10/350061/uk-youths-bear-brunt-of-rising-debts/
Views: 0
Posted in 
