US Millennials Recover Financially While UK Counterparts Struggle
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US millennials have recovered well since the financial crisis, with incomes 21% higher for 30-somethings than in 2007. This contrasts with UK millennials, whose pay is still lower than pre-crisis levels.
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The US economy has grown more strongly than the UK's since 2007. This growth has benefited American millennials more than their UK counterparts.
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UK policy changes since 2010 have hit non-pensioners hard, reducing their incomes by over £2,200 a year, while pensioners lost only £200.
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Jeremy Hunt risks repeating this mistake if he increases pensions more than working-age benefits in the autumn statement.
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The UK has often failed to provide opportunities for its young people compared to the US.