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Clipped Wings: Millennial Women and Wealth

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Presentation on theme: "Clipped Wings: Millennial Women and Wealth"— Presentation transcript:

1 Clipped Wings: Millennial Women and Wealth

2 Income can change on a dime but WEALTH often changes over generations

3 Clipped Wings: Data on Millennial Women
Most diverse generation the U.S has ever seen - Millennial women are 37 percent more likely than Gen Xers to be living below the federal poverty line.

4 Clipped Wings: Data on Millennial Women
#ClippedWings #WomensWealthGap @AssetFunders

5 Clipped Wings: Data on Millennial Women
#ClippedWings #WomensWealthGap @AssetFunders

6 KEY PROBLEM DRIVERS Increasing Student Debt
Pay Inequity and Occupational Segregation Changing Family Structures Economic Contributions to Parent/Extended Family Mass Incarceration & the Criminalization of Poverty #ClippedWings #WomensWealthGap @AssetFunders

7 MEDIAN MILLENNIAL WOMEN STUDENT DEBT BY RACE
BLACK $20,640 WHITE $20,263 LATINX $17,112 #ClippedWings #WomensWealthGap @AssetFunders

8 Millennial Women’s Pay Inequity and Occupational Segregation
#ClippedWings #WomensWealthGap @AssetFunders

9 Millennial Women’s Changing Family Structures
#ClippedWings #WomensWealthGap @AssetFunders

10 Millennial Women’s Changing Family Structures
57% of babies born to Millennials are outside of marriage #ClippedWings #WomensWealthGap @AssetFunders

11 Millennial Women’s Economic Contributions to Family
25% of the nation’s Millennials are Latino 30% are supporting two or more generations #ClippedWings #WomensWealthGap @AssetFunders

12 #ClippedWings #WomensWealthGap @AssetFunders
Effect of Mass Incarceration and the Criminalization of Poverty for Millennial Women #ClippedWings #WomensWealthGap @AssetFunders

13 Wills and Estate Planning Family Investment Clubs
Plant the Seeds Wills and Estate Planning Lending Circles Family Investment Clubs #ClippedWings #WomensWealthGap @AssetFunders

14 #ClippedWings #WomensWealthGap @AssetFunders
Systemic Solutions Ensure equal pay between men and women and tackle occupational segregation. Increase access to affordable, high quality child care. Promote debt-free financing for student loans and/or a lowering or elimination of college tuition costs. Advocate for guaranteed comprehensive, expanded paid family leave for various types of employment. Promising Practice: The Ms. Foundation’s Economic Justice and Child Care Initiative #ClippedWings #WomensWealthGap @AssetFunders


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