3 worrying trends in young people’s economic security
With our research finding that around half of young people are financially precarious, Fran Landreth Strong examines concerning trends in young people’s economic security.
This research, carried out in partnership with Clarion Housing Group, seeks to understand how social renters experience economic security, their access to good work and how technological changes to workplaces might impact their futures.
We bring together quantitative data, qualitative insights and macro trend analysis to identify current barriers to economic security.
We test the hypothesis that, by virtue of the allocations system and limited market, those living in social housing experience higher levels of economic insecurity, before exploring a shift in our social housing provision towards the needs of the individuals. Such a shift, in the context of wider systemic change, will enable our model of housing to actively support a move toward economic security for its residents.
We find:
In response to these findings, we make a series of recommendations towards a future where social housing is a route towards economic security amongst renters. Achieving each requires national and local government to work alongside housing providers and others involved in local service delivery to deliver system wide change around the needs of individuals, as well as wider structural shifts in the systems that surround us.
With our research finding that around half of young people are financially precarious, Fran Landreth Strong examines concerning trends in young people’s economic security.
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Tackling economic security is the right political agenda. It’s good for key workers, it’s good for employers, and it’s good for the economy.