For many of the students who donned a mortarboard this graduation season, finding a full-time job straight out of school can feel like hitting the lottery. But with stalling wages and the average student’s debt burden hovering around $30,000, landing a position in your field is no guarantee of financial stability — particularly for young women.
Data released this week by the Economic Policy Institute found that young female grads make an average of three dollars less than their male peers. The report found that “while young male college grads earn an average hourly wage of $19.64 early in their careers, their female counterparts earn an average hourly wage of just $16.56.” That’s a gap of 18.6 percent.
The EPI report is a quick hit, and the numbers don’t make distinctions for different majors and different jobs. But the American Association of University Women has been documenting the wage gap for people in their first year out of college, and those numbers are incredibly specific and point to similar issues.