Gen Z Reverses a Decade of Pay Decline With 12% Early-Career Boost

Gen Z workers earned 12% more at 24 than millennials did a decade earlier, flipping a trend that saw millennials earn 8% less than Gen X at the same age. Post-pandemic labour shortages and minimum wage increases fuelled the surge. But forecasters warn income growth will decelerate sharply to 0.2% next year, risking whether Gen Z keeps this advantage into their 30s.