A report examining the damage to wage levels following the financial crisis has found that people aged between 22 and 29 have been hit hardest.
The research by the Institute for Fiscal Studies (IFS) said that wage levels remained below their peak in 2008, with those in their twenties suffering a 9% fall.
Average hourly wages in 2014 were 4.7% lower in real terms than they were pre-crisis, the IFS said, with rates for men still 7.3% down.
Women were taking home 2.5% less, the think-tank reported.
It said one of the reasons for the discrepancy was that women were "significantly" more likely than men to work in the public sector, where pay has fallen by less than in the private sector.
Britain is currently enjoying record employment levels and wages are now rising faster than inflation, but it will take years to make up lost ground on salaries which endured six years of pain.
Jobs were slashed and pay levels were static or cut following the banking crisis of 2008 when lending dried up and the coalition Government later moved to cut the deficit and limit national debt growth by trimming spending.
Jonathan Cribb, an author of the report and a Research Economist at the IFS, said, "Almost all groups have seen real wages fall since the recession.
"The pay of young adults remains well below its pre-crisis level after particularly large falls between 2008 and 2011, while the average pay of those aged 60 and over has already recovered.
"Women have seen much smaller falls than men. Falls for the low-paid have been somewhat smaller than for those on higher pay, driven by trends since 2011."
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