You’ve probably heard that by midlife, women tend to earn less than men and also have less money saved up. That’s not entirely shocking, given that many women opt to scale back their own career ambitions in order to take care of children or parents. What is surprising, though, is just how financially behind 20-something women are compared to their male peers.
Consider these findings from the 2014 Wells Fargo Millennial Study released last week: College-educated millennial women, who are currently between ages 22 and 33, earn just $63,000 compared to men the same age, who are already bringing in an average of $83,000. Millennial men have also already accumulated higher levels of investable assets: $58,500 versus $31,400. Read more >
US News & World Report
By Kimberly Palmer
June 17, 2014