Our new report, released in collaboration with Asset Funders Network (AFN) and the Closing the Women’s Wealth Gap (CWWG), 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 builds on AFN’s 2015 publication, Women & Wealth, exploring how the gender wealth gap impacts women.

Today, there are about 40 million millennial 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 (those born between 1965 and 1984) to be living below the federal poverty line and are more likely to be underemployed or unemployed than previous generations.

Millennial women are part of the most diverse generation the U.S. has ever seen with 44% being women of color, making it increasingly important to address consistent racial and ethnic wealth inequities in this generation. Additionally, immigrant millennial women, particularly Latinx women, are often key financial contributors to their parents and extended families, which directly impacts their economic stability.

Click here to read the press release.

Click here to watch and listen to a webinar about the report.

Click here to download the full report (PDF).