Report: Millennial women feel less in control of their finances than men
BPC Staff Apr 18, 2019 | 8:52 pm
1 min read time142 wordsAll Latest News, Banking & Finance, Culture
Millennial women lag behind millennial men on a couple of key money metrics, like the amount they have in emergency savings and the feeling that they’re financially adequate, according to a new report from MetLife, CNBC reported. Just 54% of millennial women report feeling in control of their finances, compared with 76% of men in the same generation (those ages 23-36), reports MetLife’s 17th annual U.S. Employee Benefit Trends Study, which surveyed 2,675 full-time employees of all ages. Additionally, only 48% of millennial women say they have three months’ worth of emergency savings, while almost 70% of men do. While 6 in 10 employees of any age say they are confident in their financial well-being, around half also report living paycheck-to-paycheck. There is a pronounced gender difference here too: Overall, 55% of women report living paycheck-to-paycheck, while just 44% of men do.