On September 24th, Mobile network Slice is teaming up with the legendary Yard Sale Pizza to offer free pizza to everyone passing by their Hackney Road store during lunchtime. Yes, you read that right—free pizza!
All you have to do to grab a slice is scan a QR code, download the Slice app, and show it at the door. It’s our way of giving back to the community and adding a bit of fun to their day. But in addition to the pizza. Slice are also giving founding members of their network a chance to win a £30,000 house deposit—because Slice know just how tough it is out there for young adults today. With the cost of everything on the rise, Slice want to help make life a little easier. This research-backed initiative shows that 18-28 year-olds are prioritizing experiences like dining out over the increasingly unattainable goal of homeownership, and we’re here to support that shift.
It was set up after research found 40 per cent of young people would cut down on take-aways – if it meant they could afford a home in the long run.
A poll of 1,000 18- to 30-year-olds found 49 per cent don’t think they will ever get on property market – because it’s so far out of their reach.
And home ownership is no longer the top priority for 91 per cent, with 45 per cent putting their dream on the backburner while they live life to the full.
While 63 per cent would prefer to enjoy the money they earn and not put it all into savings or a mortgage. It also emerged 73 per cent want to take advantage of travelling and enjoying their life while they can – treating themselves as often as three times a month.
As many as 22 per cent would prioritise advancing in their careers and 20 per cent would rather achieve a good work-life balance than own their own property.
A spokesperson for new mobile network, Slice, which commissioned the research and rewards customers with cashback, said: “We understand that it’s hard out there for young people to get on the property ladder. We’re equally tired of hearing the older generations tell us to cut back on takeaways to be able to afford a deposit. Cutting out takeaways for a year won’t even come close to the money needed upfront – but we’re giving away free pizza anyway, just to be nice. Times have changed in the last 20 years when it was far more achievable by buy a nice home by yourself.
It’s no wonder so many have given up and would far prioritise having fun with the money they earn.”
The research also found 23 per cent feel they don’t have a high enough salary to afford a mortgage for anything decent – but 49 per cent are trying to save for a deposit.
But 58 per cent don’t think they will be able to ever buy a property by themselves, leaving 26 per cent feeling sad and 19 per cent overwhelmed.
Although the research, carried out via OnePoll, found 24 per cent like renting because there is no long-term commitment and 23 per cent like the fact there is no responsibility for repairs.
That said, 40 per cent would cut down on take-aways, 36 per cent would reduce clothes shopping and 33 per cent wouldn’t go out for dinner so much if it meant it could help them afford a house deposit in the long run.
The spokesperson for Slice, which is giving away £30,000 to one founding member, added: “It is overwhelming when you’re on a decent salary, but still can’t afford to buy even a small home of your own. It’s near enough impossible.”
