None of this should really surprise anyone who has observed child-rearing practices during the past three decades. The parents of Millennials have been shaping their daughters’ values in this “you can have it all” direction since literally the day their daughters were born. And they have reared their sons, in many ways, to accept this new direction.
The end result is a generation whose beliefs have overwhelmingly rejected conventional notions about the place of women in society as compared to any previous generation.
A 2009 Pew survey indicated that 84 percent of Millennials disagreed either somewhat or completely (two-thirds) that “women should return to their traditional roles in society.” Last year, 82 percent of Millennials told Pew that the trend toward more women in the workplace has been a “change for the better.”
Millennial women have decisively acted on these beliefs. The Millennial Generation is the first in US history in which women are more likely to attend college and professional school than are men. And once in college, women are also more likely to graduate then men. By 2016, women are projected to receive an even larger majority of undergraduate and advanced degrees than they earn now.
The sharp increases in female educational achievement have, in turn, led to economic gains for women. While an overall income gap between women and men still persists, it has been narrowed sharply. In 2010, across all job categories, women earned an average of 78 percent of what men did, compared to 60 percent three decades earlier.
Moreover, among urban-based Millennials, there are indications that the income gender gap has disappeared. In some major markets, childless women in their twenties earned on average 16 percent more than men of a similar age.