Women Are Now Better Educated—But Still Not Better Paid

Women Are Now Better Educated—But Still Not Better Paid

Let's start with the good news.

Not only have women caught up with men over the years when it comes to education, today they actually earn more college degrees than their male counterparts.

And yet, here's the rub: that progress hasn't translated into equal earnings.

A recent report from the Institute for Women's Policy Research revealed that 36% of Millennial women now hold a bachelor's degree or higher—surpassing the just 28% of young men with the same.

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Still, the advancement comes with a sour note.

"Even the women with bachelor’s degrees earn less than the men with bachelor’s degrees," Barbara Gault, vice president and executive director of the IWPR project, told MarketWatch.

While the gender wage gap is slowly narrowing, women on average still get paid only 78 cents to every dollar men make. To put it another way, a woman with a bachelor's degree earns an average of $50,000 a year—the same average salary of a man with just an associate degree, according to the report.

That's especially concerning considering a recent Pew survey found that mothers are the sole or primary breadwinner in a full 40% of families today.

One upside to the report? In addition to more women earning higher degrees, findings also showed an increase in women-owned business—at 28.8% today.

RELATED: 8 Gender 'Blind Spots' That Could Sabotage Your Career

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