Because the income gain for women is larger than the income loss for men, the net result is higher incomes for Millennials overall than previous generations at the same age. And although men still make more money than women, the gender gap in incomes has narrowed considerably. While 25- to 34-year-old women in 1980 made about $25,000 a year less than men, by 2021 they made about $10,000 less than men.

