Posted 6th Oct 2017

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.”

Related articles

BMA welcomes RAK Ceramics as new member

Posted Friday |

‘The BMA is well-established as the voice of the bathroom industry,’ says RAK Ceramics MD Alvin Biggs, pictured

UK pipes and fittings market sees good growth

Posted Friday |

‘Key factors’ that have influenced the market include rising levels of demand and price increases for raw materials

Maxtop invests in new manufacturing facility

Posted Friday |

The new 28,000sq ft factory in China will allow the company to offer a ‘new and improved product’

Furniture retailers benefit from retail park footfall

Posted Friday |

Retail parks saw footfall rise above the three-month average in February, according to the BRC

in the spotlight

Showerwall’s new range offers the largest décor choice on the market

most read

Plastic levels in bottled water ‘twice as high as tap water’