ICR078: Generation Austerity & Young Money
In this episode of the podcast, Martin talks to Sophie Robson, Public & Regulatory Affairs Consultant at MRM London about Generation Austerity and her latest Young Money Report.
There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.
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Generation Austerity & Young Money
In this episode of the Informed Choice Podcast, Martin talks to Sophie Robson, Public & Regulatory Affairs Consultant at MRM London about Generation Austerity and her latest Young Money Report.
This is the third Young Money report produced by MRM London, and it examines four main areas – pensions and benefits, saving and spending, investing and the economy, and advice and access.
Martin talks to Sophie about the background to this report, the definition of Generation Austerity, some of the challenges faced by young people when it comes to their money, and some suggestions for improving access to financial advice for younger people.
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Personal finance news update
-Price inflation in the UK has risen to 0.5% over the past year.
-House price inflation is set to slow down over the coming months, according to a survey by the Royal Institution of Chartered Surveyors.
-HM Revenue & Customs is still not doing enough to tackle tax fraud, according to the Public Accounts Committee.
-China has reported its slowest economic growth in seven years, despite a surge in new debt fuelling a recovery in factory activity, investment and household spending.
-And finally, to mark National Pet Month in April, SunLife Pet Insurance has revealed a list of the most accident prone pet names
Useful links mentioned in this episode
–The Confidence Game: The Psychology of the Con and Why We Fall for It Every Time by Maria Konnikova
–Are we creating a ‘lost generation’ of young people?
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