Employers should help younger people save for a deposit on their first home, according to London think-tank Localis. The centre-right organisation included the recommendation in the interim findings of its forthcoming report, titled Disrupting the Housing Market. It said that young adults were being priced out of home ownership and needed more support from local authorities as they struggled with rising costs and high levels of student debt. "This crisis of saving transcends people of all tenures, ages, regions and socio-economic classes yet these consequences are underappreciated, least of all by non-homeowners themselves", said Jack Airey, senior researcher at Localis.
Employers should help younger people save for a deposit on their first home, according to London think-tank Localis. The centre-right organisation included the recommendation in the interim findings of its forthcoming report, titled Disrupting the Housing Market. The policy would extend the principle of auto-enrolment currently in place for pensions, and would be aimed at helping young people build up the funds needed to get on the housing ladder. "This crisis of saving transcends people of all tenures, ages, regions and socio-economic classes yet these consequences are underappreciated, least of all by non-homeowners themselves", said Jack Airey, senior researcher at Localis.