by: Dick Stroud
Young people (The IPOD Generation) face a 50% tax burden.
Reform (an independent think tank) has today issued a new report and poll on the difficult economic position of young people in the UK: Class of 2006 – a lifebelt for the IPOD generation.
The report shows that a combination of rising taxes, student debt repayments and pensions contributions will give the average graduate aged 21-35 an effective tax burden of nearly 50 per cent early in the next decade. The report calls on the Government to make the improvement of the economic position of young people a key theme of next year’s Spending Review, based on a commitment to long term public spending discipline to allow the overall tax burden to be reduced.
Just as most marketers don't understand the financial strength of the 50-plus they don't undestand the financial vulnerability of the 18-34 year olds.
Full report: Class of 2006 – a lifebelt for the IPOD generation
Original Post: http://www.20plus30.com/blog/2006/09/what-is-bad-for-young-people-is-bad.html
