Millennials Working Retail
Posted On August 28, 2012
Millennials are more likely to have a job in retail than in any other field, according to a PayScale analysis of 500 thousand Millennials in the workforce. Retail jobs are typically low-paying (average of about $19k per year), entry-level jobs.
While that might seem a natural starting point for a generation entering the workforce, many are finding that such work does not match their qualifications or financial needs.For example, 83% of Millennials who work in clothing sales report having a bachelor’s degree. College educated Millennials typically have tens of thousands of dollars of student loan and other debt so retail work may not be paying the bills.
Millennials are five times more likely to work in retail than other generations. The analysis also found that most Millennials work in firms of 100 employees or less.