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The Guardian - UK
The Guardian - UK
Comment
Torsten Bell

Earnings for millennials in the US will make their UK counterparts jealous

A young woman with head on hand looks at her phone while at work
Tax and benefit changes post-2010 have left non-pensioners more than £2,200 a year worse off in the UK. Model release picture. Photograph: JGI/Tom Grill/Getty Images/Tetra images RF

Should we envy Americans? There are the wonderful national parks, but also the widely available firearms. Purely on the economics, though, millennials on this side of the Atlantic should be green-eyed.

Children of the 1980s and 1990s in the UK and US were caught out as the financial crisis scuppered the economy just as many started work: generational progress ground to a halt as millennials’ pay took a step down from the levels their predecessors enjoyed at the same age. But that was 15 years ago – some of those “kids” are hitting their 30s and 40s, with children and wrinkles emerging. How are they faring today?

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