Millennial Women Are Still Getting Paid Less Than Men
Naive millennials thought that the pay gap was only for mid-level executives, but new research shows that even the youngest generation of women are more financially vulnerable in the workplace. Despite an earlier Pew report that showed women gaining parity with men, new research from Wells Fargo shows that college-educated millennial men made $20,000 more per year than women with the same education level. The median annual income for millennial men was $83,000, while women made only $63,000.
The Wells Fargo data didn’t mention anything about a breakdown by occupation, but other research from the Institute for Women’s Policy Research shows that even in occupations that are dominated by women, men still tend to earn more. But the most recent findings also contradict the notion that the pay gap can be attributed to women slowing down at work because they’re on the mommy track– this data shows that women are…
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