0:00
As a result of a financial crisis, millennials in the UK are now worse off than their counterparts 10 years ago
0:06
I'm Chris Dorrell, economics reporter at Cityam, and I'm going to tell you why you're still broke
0:11
Did you know, people in their early 30s in the UK are now earning 1% less than the equivalent age group did in 2007
0:18
According to the Resolution Foundation, people in their early 30s in the US, by contrast, are now earning 21% more than they did before the financial crisis
0:27
This is a reflective of a broader trend where US workers are earning more than their British counterparts across the board
0:34
According to a study in 2021, the average US wage was over $58,000
0:39
In the UK, by contrast, the average salary, when converted into dollars, was a little over $38,000
0:45
Due to the impact of inflation, however, this is starting to change, as workers across the public sector
0:50
be it in rail, schools or hospitals are starting to demand increases in their wages
0:56
often for the first time in decades. We at CTIAM would like to know how the stagnation in wages has affected you
1:02
Let us know in the comments below
