Just to add to fire to this, it's not just teacher/nurses (who are criminally underpaid) that are struggling. My partners a teacher, but I'm a chip designer making decent money at a big corporation. We've not gone on Holiday in over a year, turned down almost every social engagement we've been invited to recently, dropped every subscription, grocery shop at Lidl (our cheapest supermarket) and basically pinched every penny we can since we moved in to a rental place a couple of years ago. If my stock plan improves, and we take advantage of all the right savings account, and neither of us need to get a new car, we're on track to buy a house in maybe 6-7 years if we don't have kids by then; which we inevitably will because by then my partner will be too old to conceive. That's just to cover the deposit too. I dread to think what mortgage repayments are going to be like.
In the UK, the average savings (net financial wealth) at 25 - 29 years old is £3,800, but the typical person in that age range has -£100. The average UK savings for 30 - 34 year old's is around £14,500 of net financial wealth (savings like current and savings accounts, stocks, bonds, etc. less financial liabilities), but the median figure is just £1,000.
That really paints the picture. As a younger person, it really feels like if you don't have wealthy parents to pay your way, you can't ever expect to have financial security in the UK. The island has been bought out by the oligarchs, and a society of indentured slaves in all but name is the eventual outcome. That post WW2 boom, where almost everyone who worked hard could afford a house, car, and a family, feels like a fever dream.