Michael Egan, like many of his generation, feels trapped by debts accrued during his students days.
The 28-year-old law graduate says after paying household bills and servicing debts, there is little left over to save for a deposit.
“Getting my own place isn’t even something I think about because it just isn’t a realistic possibility right now,” Michael told the Reporter.
“It is so frustrating because I built up these debts getting a degree and I’m in a job in which doesn’t require a degree.”
After studying law at John Moore University, Michael went on to complete his legal practice diploma, leaving education with debts of around £30,000.
Despite applying for more than 50 jobs he was unable to find a position as a trainee solicitor and now works as debt advisor for St Helens Citizens Advice Bureau, specialising in helping people out of fuel poverty.
“I’m currently living with my mum because I can’t afford my own place and my mum can’t afford to live on her own either,” said Michael.
The former St Augustine’s pupil, who lives on The Shires, hopes to shortly clear his credit card debts and overdraft but will still face paying over £200 per month in student and post-graduate loans.
Michael added: “I got a scholarship which helped so really I could be in a much worse position.
“My current job is reliant on government funding and in the past I have been made redundant when funding has been cut, then re-instated.
“There’s no job security for so many people anymore and that makes saving for a deposit impossible for me and many like me.”