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Teenagers from poorer families are turning their backs on a university education because of fears they will be saddled with thousands of pounds of debt, new research shows. The study on the impact of tuition fees reveals today that nearly two-thirds of pupils who decided not to seek higher education cited anxieties about money.

The underlying problem has been building for decades. America’s
median hourly wage is barely higher than it was 35 years ago, adjusted for
inflation. The income of a man in his 30s is now 12 percent below that of a man
his age three decades ago. Most of what’s been earned in America since then has
gone to the richest 5 percent.