Young people putting their dreams on hold – a Prince’s Trust report

New research released recently reveals that the younger generation do not feel able to chase their dream jobs, citing a lack of opportunity (36%) as the number one obstacle.

Other factors that are holding young people from having a dream job are money (35%), lack of self-confidence (32%), lack of experience (33%) and the increased cost of living (30%).

Overall, the younger generation is only planning for the short term, against the backdrop of economic uncertainty.

Sixty per cent of young people say they need to prioritise any job over their dream job now, and 40 per cent have changed their career plans in the past year.

More than half (57%) say they have lowered their long-term aspirations over the past two years, suggesting young people are having to become more pragmatic in what they prioritise when it comes to their working lives.

The cost of living (57%), the UK economy (44%) and their mental health (39%) are cited as having the biggest impact on young people’s futures.

Half of those surveyed say they are not planning beyond the next six months. When asked about their long-term life goals, maintaining good physical and mental health, and living happily were amongst the top answers.

Read more here.