Teenagers are unrealistic about how much they will earn in adulthood

Last Updated: Monday, May 9, 2011 - 17:54

London: A study has found that teenagers are distinctly unrealistic about how much they will earn as an adult.

The survey revealed the average teenager expects to be paid more than 60,000 pounds a year by the time they are 35.

On leaving education, they anticipate a salary of about 16,600 pounds, rising to 35,400 pounds by the time they are 25 and hitting 61,700 pounds by their mid-30s.

But the reality is rather different, with the average 18 to 21-year-old earning just 8,595 pounds – rising to only 18,705 pounds for workers in their 20s and 24,333 pounds for those in their 30s, reports the Daily Mail.

The survey of 12,000 teenagers by Royal Bank of Scotland revealed they are equally unrealistic about climbing on the property ladder, with 53 per cent expecting to have bought their first home by the time they are 25, while 82 per cent are confident they will have done so by the age of 30.

But figures from the Council of Mortgage Lenders show that the average age of a first-time buyer is 31, while in the past five years just 20 per cent managed to purchase their first home by the age of 25.

ANI



First Published: Monday, May 9, 2011 - 17:54

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