A report recently presented to British Parliament, will warn that the existing generation of middle-class children could be the first for a century to end up worse off than their parents, and that aiming for supporting the poorest in society could leave middle-class population less advantaged.
A commission appointed to examine social mobility is expected to argue that many children from families with above-average incomes are likely to experience a lower standard of living than their parents. This is essentially due to increasing livings costs, graduate debts, and lack of funds to buy homes and job security after they graduate.
Middle-class families face reduced social mobility
The official report clearly indicates that the younger generation, from not only low-income but also from middle-class backgrounds, currently face reduced social mobility. This in turn means that middle-class children will hardly be able to get on in life and that Britain’s lifelong prosperity may come to an end.
Interestingly, while the more prosperous families might be able to safeguard their children’s welfare and help them get on the housing ladder, others who cannot afford such a thing run the risk of missing out on state help because as middle-class families, they are not poor enough.
Moreover, nearly two-thirds of those who fail to achieve an A to C in English and maths do not come from poor or deprived families. Actually, those growing up in seemingly ‘wealthy’ parts of the Home Counties tend to be failed by the education system. The commission describes this segment as the ‘missing piece in the jigsaw’ in the Government’s education policies.
In addition to this, the committee is also expected to warn that most middle class youngsters will have to struggle with their soaring student debt (estimated to be as high as £50,000), unaffordable housing, and lack of job security when they graduate.
Well, the news is apparently not good for the British middle class youth. Since there is an unprecedented risk that the next generation of adults will likely end up worse off than today’s adults. It is up to the state to take the necessary steps so that all social segments’ welfare is equally protected, for the sake of securing a decent future for our next generations.