youthmoney

Inflation affects older people most. That’s the conventional wisdom. I’m not convinced.
Travel costs play a great part in young people’s lives. Many report having to pack in education or training courses because they cannot afford public transport. Meanwhile, the over-60s travel free off-peak on buses and some trains thanks to a massive state subsidy.
Learning to [...]

[Read more →]

Official inflation figures can be deceptive. They may not reflect what is happening in young people’s financial life.
This becomes obvious when you think about what is being measured in the basket of goods and services. Cigars? Wallpaper paste? Private school fees? Unit trust fees and commissions? Just how relevant is this?
Young people’s personal inflation rate [...]

[Read more →]