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The Progressive Policy Think Tank

Living on the edge

The current generation of twentysomethings are feeling a squeeze the like of which their parents have never known. They think they have enough set aside for a rainy day and they are confident of one day owning their own home. But the reality is that if they were made redundant, their money would run out fast and the only way they will get enough cash together for a deposit is to borrow from 'the bank of mum and dad'.