Gen Z earning more than millennials did at the same age, says thinktank
Key takeaways
- The lowest-paid enjoyed the biggest lift in pay due to an escalation in the minimum wage, especially since 2016.
- Prefer the Guardian on GoogleGen Z’s early careers are more financially rewarding than those of millennials, research suggests.
- Millennials – those born between the early 1980s and mid-1990s – are the first generation not to have enjoyed higher disposable incomes than previous generations, according to the thinktank.
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The lowest-paid enjoyed the biggest lift in pay due to an escalation in the minimum wage, especially since 2016. Photograph: Bloomberg/Getty View image in fullscreen. The lowest-paid enjoyed the biggest lift in pay due to an escalation in the minimum wage, especially since 2016. Photograph: Bloomberg/Getty Pay Gen Z earning more than millennials did at the same age, says thinktank At age 24, workers born in the late 1990s are paid more than any cohort since those born in the 1950s
Prefer the Guardian on GoogleGen Z’s early careers are more financially rewarding than those of millennials, research suggests.
Those typically born between 1997 to 2012 are experiencing a mini-rebound in pay packets, according to the research by the Resolution Foundation, in a seeming contrast to how the previous generation entered the job market.