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According to the Office of National Statistics, Young Adults born between 1980 and 2000 are earning on average £10,000 less than they thought they expected to. A study also found that one in eight young people without degrees work in graduate jobs.
The main industries where a young person’s salary can evolve quickly are sales and customer service.
Millennials – those born between 1981 and 1996 – say that money is not everything; flexibility, autonomy, purpose and an interesting benefits package are more important to millennials, the study found. Millennials were also likely to accept lower pay if they are given more challenging projects and more freedom.
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