The suggestion that giving £10,000 to every 25-year-old in the UK, would reduce the economic gap between young and old – has been rejected by a Christian financial advisor.
According to the Resolution Foundation, the grant could be funded by a tougher version of inheritance tax.
Trinity Wealth Management agrees the current distribution of wealth is unfair – but they’re uneasy about giving young people £10,000 – despite having conditions attached to it.
John Cobb said there are other ways young people can help themselves.
He says, he probably sounds like a grumpy old man, but from his very first pay check he saved – and was able to buy a property.
John Cobb says we all have responsibilities as to how we steward the resources we’re blessed with.