New Delhi, June 22 -- A new report from a British economic think tanks has found that Generation Z workers are out-earning their millennial counterparts at the same stage of life. But economists and analysts warn that higher nominal wages do not automatically translate into greater financial freedom, and that for a significant share of young people, the economic picture remains deeply troubling.

The Resolution Foundation, a leading UK think tank focused on living standards, has found that real weekly pay for those born in the late 1990s was 12% higher at age 24 than it was for cohorts born in the late 1980s. More strikingly, those born in the early 2000s are earning more at 24 than any generation on record going back to the 1950s.

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