Inflation 'three times higher for under-30s'

Rising cost of living adds to pressures facing younger people

160510-shopping-bag.jpg

The UK's young adults are facing inflation rates three times higher than those once faced by pensioners, according to new analysis which suggests that rises in the cost of living are not being distributed equally throughout society.

According to Fidelity International, the "widening generation inflation gap" is being driven by under-30s spending more on goods and services such as rent, household bills and dining out, which are getting more expensive, and less on groceries, which have become cheaper in recent months.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More