Part 8/12:
Additionally, the government hopes to stimulate growth through various public projects including nuclear energy expansions, though any positive results are predicted to require substantial time to materialize. Even if growth were to rise, the question remains whether it would effectively translate into improved living standards. This concern is further exacerbated by stagnant wage growth and the continuous rise in rents and housing prices, which outstrips income growth.
The lack of affordable housing, combining with wealth concentration in the property market, has led to rising inequality—especially among younger populations. Property and rent markets are denying young people the ability to afford living expenses, effectively trapping them in a cycle of economic hardship.