Millennials are better savers than many expected them to be, but women 18-33-years-old are saving half as much in their 401(k) as their male counterparts. There are a few reasons for the disparity: Millennial women’s median annual income is still lower than men’s, and they are more likely to be working part time jobs. Millennial women are also carrying a bigger debt burden, with an average of $20,000 in student loan debt, versus male’s $14,000. (Fortune)
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