Gen Z faces negative wealth crisis

According to the Fairness Foundation's report, No Money, More Problems, Gen Z and young millennials are grappling with a "negative wealth" issue, where debts surpass assets. The report highlights that one-third of 25- to 34-year-olds in Great Britain have negative wealth, with figures reaching 47% in Wales. The average net debt has risen to £8,313 in 2022, a 25% increase since 2010, attributed to rising rents, student loans, and the cost of living crisis. The findings underline the divide between renters and homeowners, whose properties are usually worth more than their mortgage debt. 

The Observer (06/04/2025)