£10,000 for all 25-year-olds? It’s time to think about it

The Sunday Post (Newcastle) - - OPINION -

A pay­ment of £10,000 should be given to all young peo­ple when they turn 25.

Pen­sion­ers who are over the state pen­sion age but still work­ing should pay Na­tional In­sur­ance, too.

Those are just two rec­om­men­da­tions from The Res­o­lu­tion Foun­da­tion. It be­lieves these mea­sures will make life fairer for mil­len­ni­als, who find it hard to get on the hous­ing lad­der.

In some ways young peo­ple seem to have it eas­ier than we did. Gap years, hol­i­days abroad, de­signer clothes, endless gad­gets and happy hours seem to be the norm, while older gen­er­a­tions scrimped and saved and worked hard to pay a mort­gage. But they do find it hard to get on the hous­ing lad­der nowa­days so per­haps we should be more sym­pa­thetic. The world has changed, af­ter all.

They’ve in­tro­duced sim­i­lar mea­sures in Ja­pan. In­stead of dis­miss­ing it, we should look at the big­ger pic­ture.

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