As Young Women Make Financial Strides Their Male Peers Fall Into Economic Decline

THE INTELLECTUALIST
Posted on April 20, 2017, 11:15 am
47 secs

NPR:

Here’s the good news about young adults in the U.S. over the past four decades: More of them are working full-time and year-round.

In 1975, close to 67 percent of adults from ages 25 to 34 were employed full time, and that share increased to 77 percent by 2016, according to a new report on young adults by the U.S. Census Bureau.

A closer look at the numbers, though, reveals a gender divide — with young women making economic strides and young men falling behind.

The percentage of young men in the U.S. workforce has not shifted much from just under 85 percent in 1975.

But the share of young women working full-time has jumped from just shy of one-half (49 percent) to more than two-thirds (70 percent) over the past four decades.

And more of them are moving into higher income brackets: The share of young women earning $60,000 or more (in 2015 dollars) increased from around 2 percent to 13 percent.

In fact, young female workers have been driving the growth of the young workforce in the U.S. since 1975.

Their male counterparts, on the other hand, appear to be on the economic decline.

“They are falling to the bottom of the income ladder,” says Jonathan Vespa, a demographer at the Census Bureau who wrote the report.

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