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We are drowning in insecurity : Young people and life after the pandemic
26 Apr, 2021 02:18 AM
13 minutes to read
Many young people feel the social contract has been broken as generational inequality widens. Photo / 123RF
Many young people feel the social contract has been broken as generational inequality widens. Photo / 123RF
Financial Times
By: Sarah O’Connor Akin Ogundele did everything right. A born and bred Londoner and the son of immigrants, he worked hard, went to university, found a good job in the financial sector, got married and had children. But at the age of 34, he feels stuck.
He and his wife and two children live in a rented flat because even with their two salaries they cannot afford to buy in their home city. After decades of accelerating housing costs, the average deposit used to buy a first home in London has risen well above £100,000 ($192,700). Ogundele has seen colleagues buy homes with help from their parents, but he doesn t have