Gen Z earns more than millennials at the same age

Research indicates that Generation Z, particularly those at age 24, are experiencing higher real weekly wages than previous generations at the same age, driven by increases in the minimum wage since 2016. However, while low earners saw pay rise by 36%, overall wage growth faces threats from higher prices and economic slowdown due to regional conflicts. Additionally, youth unemployment remains a concern, with about one million 16- to 24-year-olds not in employment, education, or training.

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