Millennial gender pay gap revealed

The gender pay gap has lowered to five per cent among UK workers in their 20s, according to a study by the Resolution Foundation. However, the discrepancy widens once women hit their 30s and start a family.

The thinktank found that whilst the gender pay gap for women aged 20 to 29 has fallen to five per cent, as women’s careers go on, they will earn significantly less than men. When female workers get into their 30s and 40s, they face a "rapid rise" in pay inequality, a discrepancy of almost 30% by the time they are in their mid-40s unless there is further government intervention - the report says.

Similar research published last year by the Institute for Fiscal Studies (IFS) found that men in their 30s tend to see their wages increase, while women's wages tend to plateau.

However, for females in their 20s, the gender pay gap is shrinking. Analysing data of typical hourly pay of different generations of men and women over their careers, the report found that for employees in their 20s, the pay gap was 16% among those born between 1946 and 1965 nine per cent among people born between 1966 and 1980, and five per cent among those born between 1981 and 2000.