Study Says Young, Single Women Are New Income Bubble

A new study has encouraging findings about the salaries of young women.

KYW's Hadas Kuznits reports that according to James Chung, president of Reach Advisors, young women in their twenties are finding more professional success than ever before:

"Young, single women without children have caught up and are now exceeding men's incomes in most American cities, earning on average 108 percent of the median fulltime wages of their male peers."

(Young female worker:)  "Compared to my male friends, I would say I'm making more than about half of them and about half of them are making more than me."

(Older female worker:)  "I'm glad to hear that younger women are doing better."

Chung says they came to that conclusion using census data, but it doesn't mean what women's income is on par with men's incomes:

"What it means is that there are so many more women that are college-educated entering the higher-paid, knowledge-based jobs than men.  That's what's driving the average up."

(File photo)