Lloyds TSB: Redundancy worries younger generation more

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Lloyds TSB: Redundancy worries younger generation more

Lloyds TSB has conducted a poll which reveals that people under the age of 35 are more likely to be worried about losing their jobs than the older generation.

According to the bank's poll, 32 per cent of those aged 34 or younger are scared of losing their jobs, compared to just 21 per cent of those over the age of 35.

However, Lloyds TSB's survey also revealed that both groups are worried about the prospect of mass unemployment in the general population, regardless of how they feel about their personal job prospects. More than one third of all Brits list this as their top recession fear.

Recently, the Office for National Statistics published research which revealed that the unemployment rate in the UK is rising.

In the fourth quarter of 2008, 146,000 people lost their jobs and the total number of unemployed people in the UK recently topped two million.

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