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Are Younger Generations of Women Prepared for Retirement?

Author

Listed:
  • John Bailey Jones
  • Yue Li
  • Urvi Neelakantan

Abstract

We describe changes in the financial circumstances of women over time, focusing on employment, income and wealth. Beginning with the 1920 birth cohort, we show that women's income grew for several successive cohorts, then entered a period of stability. However, there has been no such growth in wealth. This suggests that younger generations of women may not be any better prepared for retirement than their predecessors.

Suggested Citation

  • John Bailey Jones & Yue Li & Urvi Neelakantan, 2024. "Are Younger Generations of Women Prepared for Retirement?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 24(17), May.
    • Handle: RePEc:fip:fedreb:98300
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2024/eb_24-17
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    Keywords

    women; income; wealth; retirement;
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