Post-Millennials are entering adulthood with less expertise in the work market than previous generations. Approximately one-in-five 15- to 17-year-olds in 2018 (19%) report having worked after all through the previous season, compared to 30% of Millennial 15- to 17-year-olds in 2002. Nearly 50 % of very very early seniors (48%) into the age that is same worked in 1968. Among 18- to 21-year-olds today, 58% had been employed throughout the prior twelve months. During the age that is same generations had been more likely to own been used. Among Millennial 18- to 21-year-olds in 2002, 72percent reported employed in the year that is prior. Among Boomer 18- to 21-year-olds in 1968, 80% worked in the calendar year that is prior.
Post-Millennial employees are less likely to want to work full-time compared to previous generations. In 2018, just 15% of 15- to workers that are 17-year-old full-time, down sharply through the 26% of 15- to 17-year-old employees in 1968 whom worked full-time. The pattern is similar among 18- to 21-year-olds.
The earnings of American workers have increased modestly, and teens and young adults are no exception over the decades. Should they worked full-time in 2017, a 15- to 17-year-old typically attained about $5,000 (the median). Adjusting for inflation, an equivalent Millennial that is early earned less, $4,200. The median earnings for the full-time 18- to today that is 21-year-old $19,000, significantly more than the median pay of a similarly aged full-time Millennial worker in 2002 ($16,700).
A standard indicator of “at-risk” behavior into the change to adulthood could be the share of youth that are neither signed up for college nor working. Weiterlesen »