Maine Philanthropy Center

Building Connections for Maine Grantmakers

Clipped Wings: Closing the Wealth Gap for Millennial Women

Knowledgebase
Publication date: 
March 2019

Asset Funders Network’s latest report, 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. It illustrates how despite important gains in college attendance rates and career opportunities, millennial women’s wealth lags behind that of men. The median wealth holdings of single millennial men is still 162% greater than single millennial women.

While the report confirms that more research is needed to understand the full complexity of issues facing millennial women, this new brief demonstrates how there is a unique opportunity for philanthropy to support and pioneer groundbreaking work that can lead to a more economically just and inclusive society.

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