×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

How cost of living crisis affects young people around the world

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Big win for Ruto as court clears path for sale of key State firms
By Brian Ngugi 18 hrs ago
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days
Enterprise
When fundamentals are stable but the patient is terrified