economy
February 14, 2026
Record 1,000 UK taxpayers under 30 earned more than £1m last year
HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as key
TL;DR
- 1,000 taxpayers under 30 earned over £1m last year, an 11% increase.
- These young earners collectively took home over £3bn, averaging £3m each.
- Key drivers include influencer income from social media marketing.
- Bigger pay deals for sports, music, media stars, and higher tech/finance salaries also contribute.
- Young millionaires now represent about 3% of all £1m+ earners.
- The number of under-30s earning over £1m has risen by 54% since the pandemic.
- Experts caution that high young earnings don't guarantee lifelong wealth due to potential overspending and poor saving habits.
- Older generations are also increasing their earning potential through online platforms like YouTube and TikTok.
Continue reading the original article