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ShortchangedWhy Women Have Less Wealth and What Can Be Done About It$
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Mariko Lin Chang

Print publication date: 2010

Print ISBN-13: 9780195367690

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780195367690.001.0001

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Who Has What?

Who Has What?

Chapter:
(p.18) Two Who Has What?
Source:
Shortchanged
Author(s):

Mariko Lin Chang

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195367690.003.0002

This chapter presents important facts about the women's wealth gap. The median wealth owned by nonmarried women is only 36% of the median wealth owned by nonmarried men, but the wealth gap varies in significant ways for women of different ages, races, and marital status characteristics. Despite the advances of the feminist movement and the tremendous gains young women have made with respect to educational attainment and in the workplace, the wealth ratio indicates that younger women are more disadvantaged than their older peers. Furthermore, gender differences in wealth vary by race and ethnicity. More than half of all single Hispanic women living in the United States are wealth poor. In contrast, 26% of single white women and 36% of single black women are wealth poor.

Keywords:   median wealth, wealth gap, feminist movement, gender differences, wealth poor

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