Reports and Campaigns

spotAbout the Socialist Party

spotAnti-capitalism

spotAnti-privatisation

spotAnti-war

spotElection campaigns

spotEnvironment

spotHealth

spotSocialist women

spotWorkplace

spotYouth and Students

All keywords


Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Youth keywords:

Apathy (2)

Apprenticeships (24)

ASBOs (7)

Black youth (11)

Campaign to Defeat Fees (40)

Childrens homes (1)

Croxteth Comprehensive School (1)

Educational Maintenance Allowance (4)

EMA (65)

Freshers fairs (10)

Gangs (4)

Grants (24)

Policing (34)

Sick Of Your Boss (17)

Students (1054)

Teenage obesity (1)

Workfare (43)

Workfare protests (6)

YFJ (97)

Young people (538)

Young workers (64)

Youth (555)

Youth Fight for Education (12)

Youth Fight for Jobs (362)


Reports and campaigns:

Anti-capitalism (1235)

Anti-fascist (561)

Anti-racism (701)

Anti-war (1487)

Asylum (209)

Black and Asian (391)

Children (372)

CNWP (108)

Corporate crime (2)

Disability (200)

Education (3889)

Election campaigns (2440)

Environment (603)

EU (449)

Finance (99)

Food (270)

Health and safety (33)

Health and welfare (311)

Housing (1025)

Human Rights (379)

LGBT Pride (141)

Local government (2169)

Local services (3643)

Low pay (506)

Migration (56)

Nationalisation (145)

New workers party (467)

NHS (1832)

Pensions (700)

Post Office (222)

Poverty (571)

Privatisation (1014)

Public Services (1125)

Socialism (867)

Socialist (43)

Sport (195)

Stop the slaughter of Tamils (89)

Students (1813)

The state (1366)

Transport (547)

TUSC (997)

Welfare rights (710)

Women (758)

Workplace and TU campaigns (8233)

Youth (1957)

Related websites

Youth Fight For Jobs

Trade Unionist and Socialist Coalition

National Shop Stewards Network

Tamil Solidarity


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 967, 18 October 2017: Tories torn - bin them now

Search site for keywords: Debt - Young people - Wealth - Tories - Super-rich - Rich - Pensioners - Tax - Socialist Party - Zero-hour contracts - Workers - Pay - Pension - Parents - The Socialist - Rents - Mortgages - Women - Relief - Tuition Fees - Welfare - Wirral - Universal Credit - Minimum wage - Cuts - Benefits - Claimants - Economy - Low pay - Fees - Government - Media

Young people being strangled by debts

Young people are struggling because of low pay and high rent, not avocado toast, photo TaxRebate.org.uk (Creative Commons)

Young people are struggling because of low pay and high rent, not avocado toast, photo TaxRebate.org.uk (Creative Commons)   (Click to enlarge)

Take the wealth off the super-rich

No to the Tories' scapegoating of pensioners!

Jack Yarlett, Wirral Socialist Party

Over a third of young people are in debt - on average by 2,989 - says the Money Advice Trust.

And this figure does not even include mortgages or our astronomical tuition fees! It also does not include young people borrowing money from our parents.

The head of the Financial Conduct Authority, Andrew Bailey, has admitted concerns about the alarming levels of debt young people aged 18 to 25 are facing.

And fearing more backlash from young people, Tory chancellor Philip Hammond is reportedly considering a tax cut for under-30s - funded by cuts to pension tax relief.

Over half of 18 to 24-year-olds express worries about money and debt, and more than a fifth admit to losing sleep over it, according to the Money Advice Trust study. One in ten has resorted to taking money from predatory payday loan companies - particularly young parents, the Young Women's Trust has found.

To add insult to injury, much of the establishment media likes to stereotype young people as causing our own problems by frivolously borrowing to pay for smartphones, 'useless' degrees and avocado toast. Nothing could be further from the truth.

Young people are going into debt to cover our cost of living, not spending on luxuries. This is no surprise in the new economy of low pay, zero-hour contracts and soaring rents.

This is a problem that will only grow worse as the government imposes the hated 'Universal Credit' welfare scheme, notorious for sometimes leaving claimants for more than a month without any income.

Meanwhile, Hammond's tax plan, like May's meagre 5,000-a-year housebuilding plan, does not come even close to what is needed.

And in unfairly attacking pensioners, it could well backfire - just like the Tories' infamous 'dementia tax' proposal. It's not retired workers, but super-rich bosses, who are to blame.

The Socialist Party demands:

  • 10 an hour minimum wage now, with no exemptions
  • Scrap zero-hour contracts - full-time hours for all who want them; flexibility on workers' terms, not the bosses'
  • Living benefits without compulsion
  • No attacks on pensioners - for a living pension for all





Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:

Debt:

triangleMarch for free education! We demand a future!

triangleNasty party imploding...drive out the Tories

triangleNHS meltdown - fight the Tory cuts

triangleHousing crisis: Corbyn's positive measures blanked by Labour's right

triangleTories wreck our NHS

Young people:

triangle4,800 young people hurt after officers 'restrain' them

triangleWalk out against tuition fees on Budget Day!

triangleWe can win the vote at 16!

triangleJoin the budget day protests!

Wealth:

triangle'Paradise' for billionaires - austerity for us

triangleRobber bosses own $6trn

triangleCapitalism and human progress

Tories:

triangleTories on the brink - kick them out!

triangleTories u-turn on social housing benefit cap and borrowing to build

Super-rich:

triangleTories torn - bin them now

Rich:

triangleCan you donate to the Socialism 2017 appeal?

Pensioners:

trianglePowerful picture of the Port Talbot steel workers' struggle

Tax:

trianglePFI privateers dodge tax

Socialist Party:

triangleHackney Socialist Party: Catalonia - Your chance to pose questions

Zero-hour contracts:

triangleUsdaw elections announced - fight for a left leadership, vote for Amy Murphy

Workers:

triangleVirgin train workers vote for strike action over pay

Pay:

triangleThe Socialist Inbox

Pension:

triangleRoyal Mail bosses block strike - back postal workers

Parents:

triangleTeachers, students and parents demand an end to the schools funding crisis

The Socialist:

triangleWhy I joined the Socialist Party: "I started to question whether there was a better way"

Rents:

triangleUS: Minneapolis Socialist chimes with voters

Mortgages:

triangleOver a million families in 'extreme problem debt'

Women:

triangleCaerphilly Socialist Party: Women and Revolution

Relief:

triangleHurricane Harvey: A tragedy made far worse by capitalism

Tuition Fees:

triangleThe Tories must be driven out

Welfare:

triangleChesterfield Socialist Party: The fight for the welfare state

Wirral:

triangleWirral Socialist Party: Lessons of the 1936 French Popular Front

Universal Credit:

triangleCarlisle socialists campaign against Universal Credit

Minimum wage:

triangleUSA: Historic vote for Ginger Jentzen campaign in Minneapolis

Cuts:

triangleLiverpool Socialist Party: Fighting council cuts

Benefits:

triangleBosses say 217 years to close pay gap - workers' struggle can close it now!

Claimants:

triangleUniversal Credit chaos: Tories punish the poor

Economy:

triangleNationalise to save jobs at BAE Systems

Low pay:

triangleMixed-fleet workers show strikes get results

Fees:

triangleSocialist Students actions against uni fees on Budget Day

Government:

triangleWaltham Forest Socialist Party: How could a Corbyn government avoid sabotage?

Media:

triangleObesity epidemic: end food market anarchy