You've probably seen the term 'Generation Rent' used in the papers to describe young people, for whom the dream of owning a house often seems unattainable.
A potent combination of high house prices and low wages, in addition to high rental costs, have made it tough to save the deposit that's necessary to buy a house, unless you're a very high earner. Private rents over the past decade have sky-rocketed, often taking up more than half of a young persons pay packet.
It's a situation which doesn't see much cash left over for food and bills, and even less for savings. With most mortgages requiring a deposit of around 5%, the thousands of pounds required to put down a deposit can become impossible to save up.
In addition to this sorry state of affairs, many of those in the rental market have found that the quality of service provided is lower than ever. The lazy landlord has become almost ubiquitous, taking hundreds of pounds of fees on top of rent and leaving tenants to suffer with damp and mould, broken boilers and dodgy appliances.
Thankfully there is some relief in sight, with the introduction of the government's new Help to Buy ISA. ISAs are tax free bank accounts into which you can pay savings, but the new Help to Buy ISAs will only be available to first time buyers.
For every £200 deposited into the account the government will add an extra £50, up to a total of £12,000 - or £15,000 including the government contributions. This money can only be used towards a mortgage deposit but should in theory make saving money easier for 'Generation Rent'.
However tough saving money for a deposit seems, once you get there the security of your own roof over your head will be priceless - and mortgage repayments will likely be much less than you were paying in rent!
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk