WOrkers find themselves in a crisis of living standards, where many people fear for their jobs, earn too little to save on a monthly basis, and fight to throw away money for a decent pension, warn top analysts.

At the same time, home buyers are extending their mortgages longer than ever to make monthly payments more affordable for their record debts.

As a result, more and more people are in debt until retirement and in the years in which they want to live off their pensions instead of paying the mortgage every month.

At the other end of the age scale, a typical graduate can now expect the University to spend £ 50,000 …