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CPS report on the debt burden for Generation Y highlighted in Farm Business

    Farm Business reports on CPS Research Fellow Michael Johnson's recent paper Who will care for Generation Y?

    To read the full article, visit the Farm Business website.

    "Younger people are being left with ‘apocalyptic’ levels of debt, according to a report from the Centre for Policy Studies. The generation born between 1980 and 2000 (known as Generation Y) will be forced to pick up the bill for decades of government over-spending. The CPS has accused baby-boomers (born from 1946 to 1963) of gaining unfunded promises on pensions and benefits and then leaving their children to pick up the bill. Coupled with unaffordable housing, university debts, poor pensions and a rapidly retreating state pension age, Generation Y now faces “a quality of life below that of their parents” according to the report."

    To read the full article, visit the Farm Business website.

    Date added: Friday 19th June 2015