#MiddleClass families are not immune from the squeeze on #LivingStandards - #CPC14 #Lab14 - Thanks to David Cameron in 10 Downing Street - We now have an #economy that is enriching too few and failing too many. As those at the top grab an ever larger slice of the spoils of growth, the rest of the UK is falling further and further behind. It’s not just those at the lower-end of the income scale who are having a tough time – middle class families are not immune either from the tightest squeeze on living standards in a century, falling real wages and rising levels of personal #debt. They’ve watched their children come out of university with good degrees behind them – usually coupled with huge amounts of student debt – but unable to secure graduate level jobs, reduced to working as baristas when really they’d like to be training to be barristers. More #graduates may now be in work but that’s because many are taking jobs well below their qualification level. Low-paid jobs are no longer just a stop gap between university and a career. Graduates now find themselves stuck in the ranks of the working #poor, with few prospects, no job security and an uncertain future ahead.
Posted on: Mon, 29 Sep 2014 22:11:44 +0000
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