Young hit hardest by recession, says IFS

%VIRTUAL-SkimlinksPromo%Young adults have "borne the brunt of the recession" with their wages and job chances hit far harder than older generations, an economic think tank has said.

Among 22-30-year-olds, household incomes fell 13% from 2007/8 to 2012/13, wages by 15% and employment by four points, the Institute of Fiscal Studies (IFS) said.