Many young people who have been to university have substantial debt. They face uncertain employment prospects. Pre-pandemic young people were not saving much as the figures below reveal. This is likely to get worse as the economic damage the pandemic caused hits. Allowing young people to build wealth and encouraging homeownership, a form of forced saving, will increase political stability and create a more prosperous society.
Between 2008 and 2017 the percentage of 22 to 29-year old who owned a