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Young Workers Surge: 9.1% Wage Growth Amid Economic Gains

5/9/2025

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Summary

Story summary

Young workers aged 16-24 experienced a 9.1% real wage growth since February 2020, exceeding older workers' 5.4%.
Their wage increases outpaced rent (27.4%) and college tuition (8.6%), enhancing affordability.
Unemployment (9.2%) and underemployment (16.0%) rates for this group are below historical averages.
Recent Trump administration policies pose risks to these economic gains, affecting education and job prospects.

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Story summary

Young workers aged 16-24 experienced a 9.1% real wage growth since February 2020, exceeding older workers' 5.4%.
Their wage increases outpaced rent (27.4%) and college tuition (8.6%), enhancing affordability.
Unemployment (9.2%) and underemployment (16.0%) rates for this group are below historical averages.
Recent Trump administration policies pose risks to these economic gains, affecting education and job prospects.