London house prices ‘cutting off’ graduates from best jobs

The cost of housing is pricing disadvantaged young graduates out of working in London, according to a report from the Sutton Trust.

Rising rents mean younger people are finding it harder than ever to move toLondon, the report said, with those who do having to share accommodation and pay a high proportion of their income to a landlord.

The study suggests there is a growing divide between those who can turn to their families for financial help to live in the capital and those who cannot.

Figures published in today’s report shows there are now more graduates (15%) living with their parents than on their own (11%).

Researchers looked at data for the higher education rate of young people in an area and found those from “educationally privileged” neighbourhoods were most likely to be working in London.

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