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A new study by King’s College London has found that 48% of the UK public believes Gen Z spend too much on takeaways, Netflix, and coffees, which is preventing them from buying houses. The actual facts suggest otherwise.
Next time you’re sat watching Friends in your overpriced rented flat, consider cancelling your subscription and throwing away those occasional coffees.
You can forget about that McDonald’s order, too. Electricity? What is that? Scrap that and whack out the candles.
Over-the-top cynicism aside, nearly half of UK citizens believe ‘luxuries’ such as streaming platforms and takeaway foods are holding Gen Zers back from being able to purchase their first home, according to a new study by King’s College London.
Surprisingly, this attitude was found to be prevalent across all generations of UK citizens, including both young people and Baby Boomers.
Even more curiously, 76% of the UK also recognised that there are other, external economic factors preventing young people from getting onto the property ladder, such as a rise in the price-to-earnings ratio since the 1990s.
Don’t be fooled, though. Older people are still adamant that Gen Zers are less hardworking and motivated than them, with 54% of Baby Boomers agreeing with this sentiment. Gen X meanwhile had a 48% agreement rate, while 44% of Millennials also thought the same. Gen Z, unsurprisingly, were the only group to disagree. Shocker, that.
Baby Boomers said that they thought it was easier for young adults to get into university than their parents’ generation. They also believed it was easier to get in touch with friends and family, but did acknowledge that Gen Z face more struggle financially and find it harder to save.
So, what’s the takeaway (not food wise this time) from all this?
