Have you ever wondered why, even with a job, young people in the UK still feel broke? You’re not alone if you’ve got a job but struggle to make ends meet. Many young people in the UK are facing this problem. The reason is simple: living costs have increased significantly, and wages haven’t kept up.
1. The Rising Cost of Living
The first thing you need to know is inflation. Inflation means prices for food, transport, and energy increase over time. Even if your wage stays the same, everything else costs more. For example, the cost of food has increased a lot. Everyday items like fruit, vegetables, and bread now cost much more than a few years ago.
One of the biggest costs young people face is rent. House prices and rent in cities like London have risen sharply in recent years.
