Millennial women aren’t doing as well other generations, which means right now their chances of reaching retirement are low, according to a report from the Population Reference Bureau. The report says progress made in social, economic and health measures by women in the Baby Boom generation has not continued among Generation X and Millennial women.
The PRB report calculated an overall index score by comparing each generation with the preceding generation. The report found Baby Boom women experienced a 66 percent gain in overall well-being as compared to the women of the WWII generation. In comparison, Millennial women experienced a decline of 1 percent. Generation X women experienced a 2 percent gain.
The poverty rate of Millennial women is higher than any of the three previous generations. The incarceration rate for Millennial women is 10 times more than that of the WWII generation. The suicide rate for Millennial women increased to 6.3 per 100,000 from 4.4 per 100,000 in Gen X.
PRB officials say their research shows things are moving in the wrong direction, but they can be fixed.