Millennials in the UK are rapidly increasing with many of them embracing crypto, entrepreneurship, and earning more in the tech sector.
On the other hand, a lot of Baby Boomers now earn less and a lot of them are retiring early.
UK Millennial and Gen Z millionaires have increased over the past year as Brit kids adopt crypto tech, and step into other booming industries. City A.M revealed that the number increased 100 percent from a record of 1,000 last year to 2,000. Bowmore Wealth Group has also reported an increase of 28 percent in millennials and Gen Z taxpayers. An income declaration of over £150,000 by 50,000 individuals has been made.
This is a significant increase from the 39,000 recorded last year. The sudden increase in the number of Millennials results from success in entrepreneurship and meme stock. Soccer players and social media influencers are also earning high by leveraging their social media following. The millionaires also consist of a high percentage of employee
