Millennial pay gap, ethical investment in Oz, numbers add up for women and young have most energy
Average earnings for UK citizens born between 1966 and 1980 (so-called "Generation X") are estimated to be around £825,000 higher than those born between 1980 and 2000 (known as "millennials). Calculations by the Resolution Foundation, a think tank, suggest that millennials aged 27 years old earn on average £8,000 per year less than members of Generation X did at the same age. The previous generation of baby boomers (born between 1946-1965), meanwhile, were 50% more like to own a home at the age of 30 than a millennial at the same point in their life. As a result, millennials will have spent £44,000 more on rent by the time they are 30 than baby boomers at the same age. The statistics bring to the fore a growing concern around the intergenerational wealth gap. In the UK, those aged 65-74 presently hold more wealth than the entire population aged under 45, despite this latter group being more than twice as numerous as the former.
Baby boomers 50% more likely to own home at 30 than young today
On the up down under
Responsible investment in Australia is shooting upwards, with nearly...