25 to 49 year-olds 'less impacted by financial crisis' says PwC
Less exposed to unemployment, but helped by interest rate cuts
People aged between 25 and 49 will be less impacted by the financial crisis
because they will be shielded from adverse changes in employment and household
income relative to other age grouops, research by PricewaterhouseCoopers shows.
Unemployment has been on the rise since the end of 2008, but the 18-24 age
group has been predominantly affected. This group also experienced the largest
increase in redundancies to April 2009.
Older age groups have also been adversely affected compared to 25-49s since
the onset of the financial crisis, B Daily reported. Lower interest rates have
reduced incomes for older savers, who are also most sensitive to falling equity
and house prices.