Wednesday, 17 November 2010

An Engagement Is Announced

Just imagine the joy of two young people who first met at university deciding to get married. Their friends and family are "absolutely delighted" and "very, very happy".

But with the over-hanging debts of university tution fees at £9,000 each for 3 years, plus hall fees at £5,300 and other living costs accrued along the way, they start their married life sharing nearly £100,000 of debt between them.

And with graduate unemployment at a record high and the banks and mortgage companies refusing loans for a new home unless you can table a 25% or 30% deposit on the average house price of £230,000, things are going to be a real struggle for these love birds.

Oh, and good luck to Prince William and Kate too.

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