Part of what’s driving younger women’s confidence is the amount of financial education they’ve been exposed to. About half (51%) of Gen Z and millennial women began learning about finances in their 20s, in comparison to 27% of Gen X and 18% of boomer women.
Perceptions of women and wealth by generation
Gen Z and millennial women’s confidence exists even though many haven’t saved enough to cover their short-term expenses in the event of a job loss or other unexpected situation. Only 50% have saved enough to cover 3–6 months’ worth of expenses, compared to 80% of Gen X women and 84% of boomer women.
Despite this lack of emergency savings, Gen Z and millennial individuals consider themselves wealthy at a higher rate than older generations.