Women have gradually evolved into an economic force to be reckoned with, going by the results of a survey by the U.S. Census Bureau.
In a report titled “The Changing Economics and Demographics of Young Adulthood: 1975–2016,” author Jonathan Vespa noted more young men are falling to the bottom of the income ladder while more young women are climbing up the income ladder. Additionally, more young adult women were employed in 2016 compared to 1975.
The report defines young adult population as aged between 18 and 34 years and looked at two periods — 1975 and the contemporary period, defined as data pertaining to 2012 to 2016.
Young Women Climb Up Income Ladder
As opposed to 48.3 percent of young women employed in 1975, currently 70.4 percent are employed. On the other hand, the percentage of young men in employment has slipped to 83.7 percent from 84.9 percent.