Wages | Millennials earning dramatically less than a decade ago

Millennials earning dramatically less than a decade ago

The average salary of a professional in their 30s is £2,100 less than it would have been in 2009.

The research, which was conducted by the Resolution Foundation, concluded that workers between the ages of 30 and 39 are hit hardest by the current financial climate.

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Comments (3)

  • Derrick
    Derrick
    2 days ago
    The idea of wages recovering since the crash could not be further from the truth for me. I was made redundant in late 2010 and after many short term roles I am still earning less than 50% of what I earned 8 years ago (I am in my mid 50s)
  • Sir
    Sir
    Tue, 5 Feb 2019 1:27pm GMT
    "..... making it far harder for younger generations to get onto the housing ladder."
    When will it dawn on people that there is no "housing ladder" any more. It was simply an illusion created by high inflation in the 1980s.
    If you can afford a house costing £200,000 today, why do you assume that you can afford a bigger one selling for £275,000 in a few years' time ? This makes the assumptions that your income has increased significantly or, you have had a windfall of some sort. After all, if your salary has remained the same (keeping pace with inflation taken as a given) how can you suddenly afford more ?
  • Sir
    Sir
    Tue, 5 Feb 2019 1:19pm GMT
    "..Despite this, just 0.7% of workers in their 30s voluntarily moved jobs last year..."
    That's odd, I'm sure I saw in these learned pages only a few weeks ago that >50% of millennials are looking to move jobs in 2019. Is this a sudden 'volte face' for 2019 ? Or does it throw into sharp relief the fact that statistics, presented as facts on these learned pages, depend very much upon the subject of the article and cannot be relied upon.