How cost of living crisis affects young people around the world

A shopper at a Samrat Supermarket in Nyeri confirms the price of some of the cooking oiul brands. [Kibata Kihu, Standard]

The world is suffering a cost of living crisis as inflation has surged and disposable incomes have been squeezed. The full impact on young adults has been highlighted by a new survey.

Consultants Deloitte polled 22,000 Gen Z and millennial respondents in 44 nations about the effect of soaring prices on their lives and found that the cost of living was the number one concern for both groups, ahead of worries about losing their jobs, climate change and mental health.