A new report produced by Asset Funders Network (ANF), in collaboration with the Closing the Women's Wealth Gap (CWWG) and the Insight Center for Community Economic Development reveals the current economic reality for millennial women and the primary drivers contributing to their wealth inequities.
The report, Clipped Wings: Closing the Wealth Gap for Millennial Women, is the second in a series of publications that explores how the gender wealth gap impacts women.
Representing 31.5% of the female population in the U.S., millennial women do not benefit from many economic policies and systems designed by, and built to meet the needs of, men as primary breadwinners. Millennial women came of age during the Great Recession, the rise of mass incarceration, unprecedented student debt levels, and changing workforce dynamics. All of these factors contribute to the fact that millennial women are 37% more likely than Generation Xers to be living below the federal poverty line and are more likely to be underemployed or unemployed than previous generations. Additionally, immigrant millennial women, particularly Latinx, are often key financial contributors to their parents and extended families, which directly impacts their economic stability.
[For more on this story by the Asset Funders Network, go to https://www.prnewswire.com/new...-line-300809390.html]
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