Budget figures are correct as of 2015
How age dictates what the nation's spending priorities should be
More than 10,000 of you grabbed the chance to use our Big British Budget tool to tell the Chancellor where to stick the nation's £600bn budget and the results are now in! So how did the money get spent across the Government's top 10 spending priorities? And what impact did age have on the decisions made?
Health is important to everyone
One thing's for sure. If we were Chancellor for the day, spending on healthcare, including the NHS, social care and mental health, would be top priority, whatever our age. But across the other main budget categories, spending wildly differed by age group.
The younger we are...the more we want spent on education
When thinking about how best to spend the nation's funds, it's clear that the stage we're at in life, and what lays ahead, influences our decisions. After health, those under 25 ranked education – from early years through to further education and apprenticeships – their second most important spending priority. This, after all, is the generation faced with tuition fees and a highly competitive job market.
The older we are...the more we want spent on older people
But for people over 50, spending on older people took second place to health. It's perhaps no surprise that the older we get, the more we appreciate the need to support, and be supported, in our later years with things like pensions, concessionary travel, fuel allowances and social care.
Spending on older people much lower than Government plans
Interestingly though, everyone including the over 50s, do not agree with the Government giving spending on older people top budget priority. In fact, the survey results reveal that we'd spend £50bn less – that’s almost a third lower than the Government – in this category.
Younger and greener
Over recent years, awareness of environmental issues has increased dramatically. For the younger generation the importance of 'going green' has been apparent throughout their lifetime, so perhaps it's no surprise those aged 18-25 would spend 30% more on the environment than the over 50s.
Seeing the world differently
In this age of social media, our knowledge of events and suffering around the world is greater than ever before. Perhaps this is why for the 18-25 years olds, spending over 60% more on foreign aid than their parents' generation, who placed more importance on defence.
Where do you stand on the Big British Budget?
What do you see as the top spending priorities? Do you agree with the nation's choices? Want to give the Chancellor a run for his budget money? Have a go at the Big British Budget today.
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