Someone born in 2012 could expect to build up £73,000 worth of student debt, according to economist Steve Lucas.
According to a new study, financial pressures from university and housing costs will mean the next generation would have to start saving at the age of 25 to prepare for 30 years of retirement. Mr Lucas said:
In the future, older workers - especially in the professional and business services sector - are likely to stay working longer into their 70s, but the nature of this work will become more flexible and probably more part-time.
Workers in manual or vocational careers are also likely to look to extend their working lives by undertaking a less strenuous, more part-time role.
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Colo became a mother of three, grandmother of 16, great-grandmother of 12 and great-great-grandmother of three.
The district's director of homeland security has said officials are planning for 800,000 to 900,000 people to attend the ceremony.
The Supreme Court is set to decide on whether disabled travellers are legally entitled to have priority use of wheelchair spaces on buses.