Search
 

Millennials' hourly wages increasing at double the national average

According to a Paychex report, millennials make an average of $21.80 per hour, and their annual hourly earnings are growing at a rate nearly double the national rate.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The average hourly wage for a female millennial is $20.44, but $23.03 for men. (Photo: Shutterstock)

Millennials must be doing something right. According to a recent report from Paychex, The Rise of the Millennial Employee, millennial hourly wages have been steadily increasing since 2011. Though their $21.80 per hour has them lagging behind the national average of $27.58, their annual hourly earnings are growing at a rate nearly double the national rate (5.8 percent compared to 3 percent).

Millennials also work less than the national average, putting in 38.6 hours per week, whereas overall, hourly workers clock 38.8 hours per week.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.