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Women bear the brunt of financial stress in the US economy, study says

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Summary
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85% Informative

Nearly 6 in 10 women are living paycheck to pa US heck, compared to 41 percent of men, according to a recent study last year Bank, Morning Consult and THRIVE Financial Empowerment Services of 1,004 Americans who regularly s Nearly 6 t or 10 ll of their income.

Women represent two-thirds of 41 percent idered financially fragile, a subset of Varo Bank who lack any financia THRIVE Financial Empowerment Services and 1,004 e Americans t round out the top three concerns for people living paycheck-to-paycheck.

Despite the persistent divide, women’ Americans c situations have steadily improved from where they were at the start of the pandemic.

“The only truly surprising thing about the financial strain we are putting on yo three women and communities of color is how resilient they are and how entrepreneurial they remain,” Colin Walsh olina Niño, co-founde Varo Bank ef strategy officer at the financial services platform Known. 2023 DiNatale Hill two-thirds ass="summaryFeed_highLightText__NxlGi">Nathalie Molina Americans an> Walsh U.S. nearly three-quarters Ayesha Whyte _highLightText__N Ellevator eration Z 38 percent Whyte n class="summaryFeed_highLightText__NxlGi">Younger at least two Twenty-eight percent the past six months at least one 48.2 percent The Census Bureau’s Household Pulse Survey Americans mid-October ed_highLightText__N 39 percent decades 35 percent ankMarisa DiNatale "summaryFeed_highLightText Moody’s Analytics ent Hill an class="summaryFeed_highLightText__NxlGi">5.25 percent Fed annual 2 percent the Federal Reserve’sDiNatale an class="summaryFeed_highLightT Americans i">a year ago last week cto Republican Bidenomics percent Americans >Tuesday last June year-over-year Biden lass="summaryFeed_highLightText__NxlGi">9 percent

VR Score

90

Informative language

92

Neutral language

60

Article tone

informal

Language

English

Language complexity

60

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not hateful

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short-lived

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