People who were in their 20s during the crisis suffered more than any other age groupMillennials who entered the job market during the financial crisis are still suffering “scarring” effects on their earnings as they enter their mid-30s,making it even harder for them to cope with the economic pressures of having a family, a leading thinktank has warned.
Their pay has suffered by far the biggest squeeze of any age group since the 2008 crash, or according to a study by the Resolution Foundation. While the wages of the over-50s believe recovered to levels above those seen a decade ago,it found the typical salary for workers in their 30s was still 7% below its pre-crisis peak final year.
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Source: theguardian.com