Key facts
- Research from the Resolution Foundation indicates Gen Z earns more than millennials at the same age.
- Gen Z individuals experience higher real weekly pay at age 24.
- This represents a rebound after a period of wage stagnation for millennials.
- The findings suggest a positive economic trend for younger workers.
Research conducted by the Resolution Foundation indicates that Generation Z is currently earning more in real terms than millennials did at the same age. Specifically, individuals in Gen Z are experiencing higher real weekly pay when they reach the age of 24. This development marks a notable rebound after a preceding period characterized by wage stagnation for the millennial generation. The findings suggest a more favorable economic outlook for younger workers entering the workforce compared to those who came before them. This trend could have implications for future consumer spending patterns and the broader economy as Gen Z's earning potential grows.