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The importance of millennials in today’s society

‘More young people are voting than at any time in the last quarter of a century.’

Two years ago, the Labour and Conservatives split among 18-29 year olds was relatively even (36% to 32%).

In the June General Election this year, statistics showed that the gap had widened dramatically. Labour had 64% with the Tories left with 21%. With the budget quickly coming up on the 22nd November, how could the Chancellor take action to attract the younger vote?

Education

In terms of education, more young people than ever are going into higher education. During the 50s only 3.4% of the population had been to university. Since then, this has had a dramatic rise as more people go into university. In 2006, the higher education participation rate was 33% which rose to 42% in 2016.

A report done in 2015 shows that 48% ended up in non-graduate jobs six months on after leaving university.

Housing

The number of young people living at home has been rising in recent years. In the late 90s, 21% of people aged between 20 and 34 were living at home. This year, that figure has risen to 26%. With young men, the proportion is even higher at 32%.

In October, Theresa May promised to fix the ‘broken’ housing market and put £2bn towards building council houses and affordable homes for rent.

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