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Are Younger Generations of Women Prepared for Retirement?, No. 24-17

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Are Younger Generations of Women Prepared for Retirement?, No. 24-17

DATE: May 2024

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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.

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Federal Reserve Bank of Richmond. "Are Younger Generations of Women Prepared for Retirement?, No. 24-17" in Economic Brief (May 2024). https://fraser.stlouisfed.org/title/6034/item/668451, accessed on January 15, 2025.

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