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Years On From The Financial Crisis, Millennials Fall Further Behind The Rest Of Society
Asesh Sarkar, CEO of employee loan provider SalaryFinance, said:
“The IFS’ report shows that, despite nearly three quarters (74%) of 16 to 64 years olds in work in Britain, wages have only just risen, in real terms, above the pre-financial crisis levels of 2007. “
“In reality though, this marginal increase has only impacted positively upon those 60 years and older. Millennials have had a worrying 7% decrease in their wages since the financial crisis and this report once again points to how the incomes of young adults have fallen so far behind the rest of society. For millennials, they face an unprecedented difficult situation of rising living costs, which their wages can’t match, and a personal debt crisis topping a record £180 billion this year.”
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AI in Finance 2025: Showcasing How to Implement Next-Generation AI for Impact
AI in Finance 2025, will take place at the iconic Kimpton Fitzroy London on Wednesday 26th November, and will provide a roadmap for 150+ senior technology leaders from financial services to move beyond the well-established use cases and implement next-generation AI at scale.
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds
Chest is inviting young people to join its 1200-strong community lining up to be amongst the first to open a Chest pension
Thunes Expands Real-Time Cross-Border Payments to Saudi Arabia
Thunes has announced the rollout of real-time cross-border payments into Saudi Arabia
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