What’s happened?
A report compiled by economists at the Resolution Foundation, published this week, has laid out the extent to which Britain’s “millennial” generation (defined here as people born between 1980 and 2000) are worse off than previous cohorts were at the same stage of life. For example, the authors found that millennials born in the late 1980s earned, on average, 8% less at the age of 30 than their counterparts from Generation X did at the same age (Generation X is defined as people born between 1966 and 1980, and therefore now aged between 43 and 57).
