Breaking News
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.”
- Brightbeam on Cutting Through the AI Fog Read more
- TSAM London: Clearwater Analytics on The Real Buy-Side Challenge Read more
- Rightway Parking Highlights MSP’s Edge for On-Time Travel Read more
- NatWest Complete Remortgage in Two Working Days via PEXA’s Digital Infrastructure Read more
- Banking Circle Introduces Stablecoin Settlement Services Following CASP License Approval Read more


