People In Their 20s Are Hardest Hit By The Recession

People In Their 20s Are Hardest Hit By The Recession

Assessment

Interactive Video

Health Sciences, Biology

University

Hard

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The video discusses the economic challenges faced by young adults, particularly those under 30, due to the recession. It highlights the increased prevalence of multi-generational households and the financial support provided by parents. The video also addresses the difficulties young adults face in achieving home ownership compared to previous generations, and the limited impact of government schemes like 'Help to Buy'. The rising costs and reliance on inheritances are also discussed as significant factors affecting young adults' financial independence.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant consequence of the recession for young adults under 30?

Easier access to mortgages

Higher wages

More young adults living with parents

Increased job opportunities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did the real incomes of young people aged 22 to 30 fall during the economic slump?

No change

20%

13%

7%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do parents play in the financial stability of young adults?

They discourage financial independence

They contribute to household income stability

They have no impact

They provide emotional support only

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the government's help-to-buy scheme?

To lower interest rates

To provide free housing

To support young adults in buying homes

To increase rental properties

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a growing expectation placed on the older generation regarding their children?

To save less

To travel more

To retire early

To financially support their children