Posted 6th October

Young adults 'spending £1bn to secure first-time job'

By KBBDaily on 6th October 2017 - 16:10pm

According to a recent survey by Gumtree, young adults are forking out £1bn nationally to secure their first-time job, with 44% of those surveyed saying their financial situation is impacting their job search.

The survey – which questioned 2,000 18-25-year-olds – found young people go to three interviews on average and spend £50-£150 on smart clothes, travel and haircuts.

Close to 30% said they haven't applied for certain jobs because they couldn't afford the travel expenses to get to an interview, while 38% said they hadn't applied for certain positions due to not being able to afford the daily travel costs to get to work.

The research found that 29% of young job seekers have to take up another job, while 28% said they are unable to afford the cost of unpaid work experience. “We know that making the fully-fledge transition into adulthood is expensive,” said Gumtree marketing head Hannah Wilson.

“Moving out and taking on a newfound sense of responsibility and the search for that first or ideal job can take its toll on young people both financially and emotionally.”

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