MOSCOW, October 20 (RIA Novosti) - Child Poverty in UK will increase by 2020 despite the government’s efforts to eradicate the problem, the UK Social Mobility and Child Poverty Commission said in its second annual State of the Nation report published Monday.
“Poverty is set to rise, not fall. We share the view of those experts who predict that 2020 will mark not the eradication of child poverty but the end of the first decade in recent history in which absolute child poverty increased,” the report said.
“Too many poor workless parents have simply gone on to become poor working parents,” the report stated, adding that there were 600,000 more children in working households who are living in absolute poverty. Based on this data, every one in six children is still in relative poverty.
Based on the findings, child poverty directly correlates to house ownership, where more young adults cannot afford to buy a house and more poor children live in high-cost yet insecure private rented residence.
“While nearly two-thirds of households own their house, home ownership, the principal means by which asset-based wealth for the majority of citizens can pass between generations, is in decline,” the report said, adding that the home ownership rate among 25-year-olds has halved over 20 years.
Among the recommendations, the report stated that the UK government increases wages and also expands house ownership schemes as fewer young people are likely to have house ownership passed down.
