UK millennials ‘still wearing economic scars of 2008 financial crisis’
- Millennials in the UK are earning no more than those born in the 1970s, while their US counterparts have experienced higher incomes and better income growth.
- UK millennials have had over two decades of lost progress on pay, while American millennials' disposable incomes increased by 21% compared to their predecessors.
- UK millennials face lower incomes, decreased homeownership rates, and are forced to live in expensive and insecure rented accommodation. Policy decisions must prioritize their needs and break the trend of disproportionate benefits for older generations.
6 Articles
6 Articles
UK millennials ‘still wearing economic scars’ of 2008 financial crisis
Millennials in the UK continue to be significantly worse off than those in the US, a new study revealed, highlighting the impact of the UK’s persistent weak economic growth since the 2008 financial crisis. While millennials in the US have mostly recovered from the impact of the 2008 crisis, their contemporaries in the UK continue to wear the “economic scars” of that period, according to a new research from the Resolution Foundation. The disposab…
UK millennials ‘still wearing economic scars of 2008 financial crisis’
A transatlantic divide has opened up in the living standards of millennials as those in the US fare better than Britons affected by the 2008 global financial crisis, according to new research.
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- 50% of the sources lean Left, 50% of the sources are Center
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