People My Age Have Had Their Aspirations Crushed by Austerity – It’s Time to Change That

We know the devastating impact austerity has had on our most vulnerable, but what we don’t talk about is how it has resulted in crushed aspirations for a whole generation.

That generation are people my age who went through their twenties and entered their thirties as the global financial crisis gave way to an age of austerity.

Everyone deserves a home and a chance, but too many people my age in Scotland are either living at home with their parents or stuck in expensive rents unable to get that first foot on the property ladder.

Home ownership is a big ambition for hundreds of thousands of Scots, but for too many people my age it remains an ambition rather than a reality.

Instead many remain trapped in a vicious cycle from which there appears to be no escape. They decide to rent to save for a deposit to buy a house, but the rent is too high so they can’t save much for a deposit, which means they continue to pay the high rent for years to come.

Under the SNP Government the number of people in Scotland aged 34 and younger who have bought their own home with a mortgage has fallen by 15%. Just 28% of those aged 16-34 in Scotland now own their home with a mortgage – the lowest level since the Scottish Parliament was established in 1999.

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