Gen Z and young millennials battling ‘negative wealth’ as debt burden grows

Young people whose debts outweigh their assets are at risk of experiencing blighted earnings, and even poorer healthGen Z and young millennials are battling a “negative wealth” problem due to growing debt burdens that limit their life chances, according to a new analysis from the Fairness Foundation.The thinktank says negative wealth, where debts outweigh assets, is linked to lower wages and worse health in later life, and that ministers should reintroduce the Child Trust Fund to give young people a greater stake in society. Continue reading...