Race, Gender Pay Gaps Significant for Millennials

A study released this month by Wells Fargo (No. 12 on the 2016 Fair360, formerly DiversityInc Top 50 Companies for Diversity list) found a gender wage gap, “unmanageable” student loan debt and racial disparities when it comes to wealth and salaries for millennials.

The report, “Majority of Millennials Say They Won’t Ever Accumulate $1 Million,” reveals that 64 percent of working millennials ages 22-35 do not believe they will save $1 million for their retirement savings. And, just as in generations before, inequalities emerge when numbers are broken down by gender and race.

Millennial Women Earning Less Than Men

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