Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleNew research by the Resolution Foundation indicates that Generation Z, born from the late 1990s onwards, is experiencing a "mini rebound" in early career pay. This marks a better start for Gen Z compared to millennials, who were the first generation not to enjoy higher disposable incomes than their predecessors, partly due to the 2008 financial crisis. The study found that real weekly pay at age 24 for those born in the late 1990s was 12 per cent higher than for cohorts born in the late 1980s. Specifically, people born in the early 2000s are earning more at age 24 than any age cohort going back to those born in the 1950s. Despite this positive trend, a senior economist from the Resolution Foundation warned that this pay rebound for Gen Z is already under threat from rising prices and weaker economic growth. In fullGen Z enjoys pay rebound as earnings outstrip millennialsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
The generation enjoying the best early career pay in decades
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleNew research by the Resolution Foundation indicates that Generation Z, born from the late 1990s onwards, is experiencing a "mini rebound" in early career pay. This marks a better start for Gen Z compared to millennials, who were the first generation not to enjoy higher disposable incomes than their predecessors, partly due to the 2008 financial crisis. The study found that real weekly pay at age 24 for those born in the late 1990s was 12 per cent higher than for cohorts born in the late 1980s. Specifically, people born in the early 2000s are earning more at age 24 than any age cohort going back to those born in the 1950s. Despite this positive trend, a senior economist from the Resolution Foundation warned that this pay rebound for Gen Z is already under threat from rising prices and weaker economic growth. In fullGen Z enjoys pay rebound as earnings outstrip millennialsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Gen Z earns 12% more at age 24 than millennials, with early-2000s cohorts hitting highest entry-level pay since 1950s. Inflation and weaker growth now threaten this rebound, signaling potential shifts in early-career talent competition and retention strategies.
