article_snippet: The future fund, unveiled at Labour spring conference, will provide teenagers who do not go to university with £1,600 to spend on what they ‘need to get on in life’.
article_snippet: This generation of young people has come of age when, for the first time, most parents believe that most parents children will do worse than most parents did.'
article_snippet: Scottish Labour leader Jim Murphy added: ‘While the living standards of those retiring now are greater than previous pensioners, young people's living standards have stagnated compared to young people older siblings and parents.
article_snippet: ‘The economic and social costs of a generation for whom the hope of youth has been replaced with pessimism over the chances of a better future may dog us for years to come.
article_snippet: But it is not too late to turn things around and to make the promise of a better future real.
article_snippet: It is not too late because This generation of young people have been educated for longer and to a higher standard than any previous generation.
article_snippet: For All scheme offers every 16 to 19-year-old a place in work, education or training - and as a result, 90% of school leavers are going into positive destinations.