Millennials Hit Hardest by Effects of Financial Crisis

The wealth gap between young and old has grown significantly since the financial crisis, with millennials feeling the biggest impact a decade on

David Brenchley 14 September, 2018 | 11:57AM

Millennials, financial crisis, wages, income, real incomes

Millennials have been hit hardest by the financial crisis, feeling the impact a decade on more than any other age group, a study from the Institute for Fiscal Studies (IFS) has revealed.

The main, and unsurprising, takeaway from the report is that most people are worse off following the credit crunch. Median real earnings for employees are still 3% below where they were in 2008.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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