CNN:Millennial women are facing the first decline in well-being since the Silent Generation

Economy
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Women’s wages are not keeping up with inflation.
I’ll say it again
Women’s wages are not keeping up with inflation.
The difference is very small, (less than 1%) still, women’s wages are not keeping up with inflation.

CNN ran a story on Wednesday
“Millennial women are facing the first decline in well-being since the Silent Generation.”

Something called the Population Reference Bureau (PRB) a study/advocacy group has produced has apparently been publishing it “Population Reference Bulletin” for 77 years. It uses an index of economic well-being, health, crime safety etc. and has determined that for the first time since the silent generation (born between 1928 and 1945) a generation of American women are worse-off than their predecessors.

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Link:
https://www.cnn.com/2023/12/11/health/millennial-women-health-and-safety-wellness/index.html
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I am sure given how much crime we get to witness on social media, their point regarding women-as-crime victims is probably accurate. I am guessing, but it seems right.

Interestingly, it was not necessary for the PRB to include things such as health and crime-safety to reach it’s conclusion.
On economic factors alone, working age women are worse-off this quarter than last quarter, and worse-off than they were pre-pandemic.
Women’s wages are not keeping up with inflation.

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I will add to that:
The percentage of women working two jobs (including two full-time jobs) is within a statistical wiggle of the all-time high (set last quarter).

Stocks ain’t the only thing going up in this economy.

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I have to imagine women are not doing that because they are making soo much money (afterall their wages are not keeping-up with inflation.)

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Would love to see some additional demographics with those stats.

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Well, it looks like women are more likely to be a victim of violent crime (now vs before.)

I will look for more econ data later

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I suppose there’s more women in the lower wage jobs now than before?

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And a higher percentage of them living in single income (their income) homes.

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I’m going to venture that the perps were overwhelmingly male in all cases.

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Wow.
I spent some time last night over at the FRED website, generating random charts w/ demographic information. The results have been not-at-all what I expected.

CAVEAT:
In the past I have traditionally used income data, especially average income data. For reasons I don’t understand, to get info broken into demo graphic categories I need to switch my data set and use "weekly earnings-from-work** data and it is available sorted by median not average.

I am not sure that makes a lot of difference, but since some of the results are surprising, I thought I’d mention that caveat before posting the results here.

Stay tuned.

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Historically men have always made more than women. That gap has narrowed recently, but I present the following chart for context.

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I am interested primarily in

  1. pre-covid vs post-covid.
  2. current (2023) trends

According to the CDC website, the shut-downs began March 15, 2020 (Trumps last year in office) so I use Jan 1 2020 as a reference point. Some “zoomed-in” results are below:
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What I am seeing is

  1. Men and women are both worse-off than pre-COVID
  2. The post-covid wage drop experienced by men is bigger than that experienced by women
  3. In fact, women have almost broken-even financially and were even until their wages dropped a small amount this most recent quarter.

(The data I used previously shows everyone is better off than pre-covid. This new data surprises me in a number of ways.)

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A lot of them majored in dumb ■■■■ and are boss babes who don’t need no man.

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Well being for women seems to have peaked right around the reversal of Roe. Granted, correlation is not causation.

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This data shows that the economy, as measured by take home pay, has not actually recovered, even though people are going back to work.

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I can’t tell you how many of my former female students mentioned how they were going to major in Psychology!

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Easy degree, no math required, probably get to write essays about “You” or real-life serial killers. What’s not to like? :joy:

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