British Millennials Might Earn Less Than The Generation Before Them
Taking inflation into account, today's 27-year-olds are earning the same as 27-year-olds a quarter of a century ago.By Lindsey Pulse | July 18, 2016
Millennials in Great Britain may become the first generation to earn less than their predecessors.
A study published by British think tank Resolution Foundation found — taking inflation into account — today's 27-year-olds are earning the same amount now as 27-year-olds did a quarter of a century ago.
Millennials in this case are defined as those born between 1981 and 2000. The study also looked at the two generations before them — Generation X and the baby-boom generation.