In October, YMCA released a report into the cost-of-living crisis through the eyes of young people living in supported housing. This came after the now infamous “mini-budget” and the tumultuous economic situation that followed in which financial markets plummeted. The report highlighted how far government interventions have gone in supporting young people and made recommendations as to how the government can support young people further.
It made grim reading. Many young people reported struggling to make ends meet, caught in a growing cycle of debt. They told us that food was the first to be cut when times are tough. Young people said they were just existing, their aspirations halted, through an increased fear of moving on to the private rental sector. As one young person so clearly summed up: “My biggest worry? Being homeless again.”
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