Unless I’m misreading the graph it shows both millennial groups as the highest of any age cohort?
Everyone is, the economy has been a disaster continuously since then.
I should have entered corporate life in 2010, instead I remained working in retail and the charity sector until the jobs market improved (2013)
I’m therefore 3 years behind in terms of salary, private pension contributions, saving for a home
Lots of scars
Has the financial disaster ever stopped? My whole adult life has been nothing but financial disaster.
Yeah i remember that year well. I was let go from my first job because of it as massive cuts had to be made. Luckily i had more than enough UCAS points to go back into education at uni to ride out the storm at the time but it’s never been great since.
It’s weird how the daily pay rate for subcontractors for those that work in trades (sparkies, plumbers, builders etc) hasn’t really increased that much since 2008. Their prices have certainly increased due to fuel and material costs but pay hasn’t. For example back in 2008 I was on £220 per day as a subby electrician at the NEC. The rate from what I’m told has remained pretty much the same 15 years later.
I’ve brought it up before, but I think it’s worth repeating.
In 2009 I started my Engineering career at a not great company. My salary was £23.1k. Good companies were 25-28k.
£23.1k, adjusted for inflation, is now £35.2k. I looked at what that company offers for starting eng-grads earlier this year. £24.5k.
We will for the rest of our lives. We’ll never have the benefits that the boomers had before us, or the stability that Gen x had in the economy. The drive towards constant growth and profit will keep us financially challenged until we die.
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Unless I’m misreading the graph it shows both millennial groups as the highest of any age cohort?
Everyone is, the economy has been a disaster continuously since then.
I should have entered corporate life in 2010, instead I remained working in retail and the charity sector until the jobs market improved (2013)
I’m therefore 3 years behind in terms of salary, private pension contributions, saving for a home
Lots of scars
Has the financial disaster ever stopped? My whole adult life has been nothing but financial disaster.
Yeah i remember that year well. I was let go from my first job because of it as massive cuts had to be made. Luckily i had more than enough UCAS points to go back into education at uni to ride out the storm at the time but it’s never been great since.
It’s weird how the daily pay rate for subcontractors for those that work in trades (sparkies, plumbers, builders etc) hasn’t really increased that much since 2008. Their prices have certainly increased due to fuel and material costs but pay hasn’t. For example back in 2008 I was on £220 per day as a subby electrician at the NEC. The rate from what I’m told has remained pretty much the same 15 years later.
I’ve brought it up before, but I think it’s worth repeating.
In 2009 I started my Engineering career at a not great company. My salary was £23.1k. Good companies were 25-28k.
£23.1k, adjusted for inflation, is now £35.2k. I looked at what that company offers for starting eng-grads earlier this year. £24.5k.
We will for the rest of our lives. We’ll never have the benefits that the boomers had before us, or the stability that Gen x had in the economy. The drive towards constant growth and profit will keep us financially challenged until we die.