Gen Z In UK Are Earning More Than Millennials In Early Stages Of Career
A report by the Resolution Foundation reveals that Gen Z workers in the UK are earning 15% more early in their careers than millennials did at the same age. While higher minimum wages have boosted incomes, many young people remain reliant on living with parents due to high housing costs.
Why it matters
The data challenges the narrative of a 'lost generation' while highlighting the persistent structural issue of housing affordability for young adults.
Show Quick Read Summary is AI-generated, newsroom-reviewed Young Britons in Generation Z earn 15% more early in their careers than millennials did Higher minimum wages and economic timing benefit Gen Z compared to millennials 63% of 20-24 year olds still live with parents due to high rents and house prices Which university degrees offer the best financial return today? Young Britons in Generation Z are earning more in the early stages of their careers than millennials did at the same age, according to analysis that may ease political fears of a so-called lost generation.
The article relies on economic data from think tanks to provide an objective analysis of generational wealth.
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