New Research on Why Women are not Rich

On the surface, the financial gender gap appears to be closing. Women now earn 78 cents for every dollar men earn, and women under 25 working full-time earn 95% of what their male peers earn. Women make up 47% of the labor force.

Despite these encouraging developments, sociologist Mariko Chang uncovered a vastly different story. In her recent talk, “Shortchanged: Why Women Have Less Wealth and What Can Be Done About It,” Chang revealed that despite the rise of women’s earnings to 78% of men’s, women own only 36% as much wealth.

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