--- title: Pay Gap: Millennial Women are Still Making Less Than Men description: And millennial men are totally smug about it canonical: https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/ author: Charlotte Alter article:opinion: false article:content_tier: free article:published_time: 2014-06-13T16:56:09.000Z article:modified_time: 2026-04-13T08:55:28.346Z og:title: Pay Gap: Millennial Women are Still Making Less Than Men og:description: And millennial men are totally smug about it og:url: https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production og:image:width: 1200 og:image:height: 675 og:image:alt: TIME og:type: article twitter:card: summary_large_image twitter:title: Pay Gap: Millennial Women are Still Making Less Than Men twitter:description: And millennial men are totally smug about it twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- # Millennial Women Are Still Getting Paid Less Than Men > Sponsored content. 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Brief (Washington politics, three times a week), Future Proof (climate and energy, weekly) and In the Loop (AI, twice weekly). All are free at time.com/newsletters and together reach more than 1.1 million engaged readers. #### Which TIME newsletter should I subscribe to? It depends on what you follow. For a daily briefing, The Brief. For health, Health Matters. For Washington politics, D.C. Brief. For AI and technology, In the Loop. For climate and energy as a business story, Future Proof. For culture recommendations, Worth Your Time. For how TIME's journalism gets made, Inside TIME. Readers can select any combination at time.com/newsletters. #### Are TIME's newsletters free? Yes. All seven TIME newsletters are free to join at time.com/newsletters. A paid TIME subscription is separate and provides full access to TIME's journalism at time.com/subscribe-agent. #### Who writes TIME's newsletters? TIME journalists write them. Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement.  by [Charlotte Alter](https://time.com/author/charlotte-alter/)  ## Charlotte Alter Senior Correspondent Jun 13, 2014 4:56 PM UTC  by [Charlotte Alter](https://time.com/author/charlotte-alter/)  ## Charlotte Alter Senior Correspondent Jun 13, 2014 4:56 PM UTC 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 ](http://www.pewsocialtrends.org/2013/12/11/on-pay-gap-millennial-women-near-parity-for-now/)that showed women gaining parity with men, new research from [Wells Fargo](https://www.wellsfargo.com/press/2014/20140610%5Fmillennials) 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](https://time.com/wp-content/uploads/2014/06/gender-wage-gap-by-occupation-2013.pdf) 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 making less than men far before they start to think about having families. This goes with other research that finds that the [pay gap](http://www.today.com/money/wage-gap-starts-right-after-college-research-shows-1C6639835) starts with the first job a student gets out of college which can put them behind for their whole career. Some attribute the wage gap to women’s failure to negotiate, but recent studies have shown that no matter how a woman negotiates her salary, it can often have negative consequences. As Maria Konnikova wrote recently in the [New Yorker](http://www.newyorker.com/online/blogs/mariakonnikova/2014/06/lean-out-the-dangers-for-women-who-negotiate.html): --- > “” --- **More:** [**There’s Even a Wage Gap in Kids’ Allowances**](http://time.com/76023/pay-gap-gender-kids-allowances/) There’s also a disparity between men and women when it comes to savings. Of the 55% of millennials who say they’re saving for retirement, 61% are men and only 50% are women. And 58% of men feel “satisfied” with their savings, while only 41% of women do. And millennial women are far less confident about their financial futures, since only 62% say they’ll be able to afford the lifestyle they want in the future. 80% of men say they’re confident they’ll be able to live the life they want. Millennial women get the shorter end of the stick when it comes to debt too. 45% of millennial women said they felt “overwhelmed” by their debt, while only 33% of men felt that way. One in five millennial women is “worried” about making ends meet, while only one in ten men is. Moral of the story: millennial dudes are not only making more and saving more, they’re utterly confident about it. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/"},"headline":"Millennial Women Are Still Getting Paid Less Than Men","datePublished":"2014-06-13T16:56:09.000Z","dateModified":"2026-04-13T08:55:28.346Z","description":"And millennial men are totally smug about it","url":"https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/","keywords":["Living","feminism","women","Money","gender","Work","pay gap","finances"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Charlotte Alter","jobTitle":"Senior Correspondent","url":"https://time.com/author/charlotte-alter/"}],"articleSection":"","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/tag/time-section-living/","name":"Living"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/2870940/millennial-women-are-still-getting-paid-less-than-men/","name":"Millennial Women Are Still Getting Paid Less Than Men"}}]}] ```