Female college grads still earn less than men

Stefanie Botelho's picture

Many female millennials believe that they’re exempt from the wage gap. After all, the debate surrounding equal pay has raged on for over 40 years, from the time their grandmothers were working.

They would be wrong.

According to a survey released by Wells Fargo this month, median household income for college-educated male and female millennials differs by $20,000 —$83,000 per year for men compared to $63,000 for women. And while all millennials reported that the financial crisis taught them that they should save sooner rather than later, only half of millennial females reported saving. Sixty-one percent of millennial men were already saving for retirement.

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