- New research by the Resolution Foundation indicates that Generation Z, born from the late 1990s onwards, is experiencing a "mini rebound" in early career pay.
- This marks a better start for Gen Z compared to millennials, who were the first generation not to enjoy higher disposable incomes than their predecessors, partly due to the 2008 financial crisis.
- The study found that real weekly pay at age 24 for those born in the late 1990s was 12 per cent higher than for cohorts born in the late 1980s.
- Specifically, people born in the early 2000s are earning more at age 24 than any age cohort going back to those born in the 1950s.
- Despite this positive trend, a senior economist from the Resolution Foundation warned that this pay rebound for Gen Z is already under threat from rising prices and weaker economic growth.
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