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Will Western youth face lower wealth than parents
Reports indicate that young generations in Britain will face greater financial and living pressures compared to their parents' generation due to rising government debt, an aging population, and increasing youth unemployment rates. Public debt has risen to approximately 94.9% of GDP, with the cost of debt interest expected to reach 21% of government revenue over the next fifty years. Youth unemployment has also increased to 16.2%, and housing price inflation has soared by 152% over twenty years, while median household income for the 25-34 age group has only grown by 22%. This situation leads to fewer job opportunities, greater difficulty in purchasing homes, and continuous rising expenses for pensions and healthcare services due to the aging population, thereby limiting the government's ability to support new generations.
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