Northern Kentucky University
The Financial And Economic Fragility Of The US: A Gender-Based Analysis
Grade Level at Time of Presentation
Junior
Major
Economics
Minor
Mathematics and Statistics
Institution 24-25
Northern Kentucky University
Faculty Advisor/ Mentor
Abdullah Al- Bahrani
Department
College of business
Abstract
Recent surveys indicate that approximately 60% of Americans live paycheck to paycheck, highlighting widespread financial fragility ((Malinsky, 2024)). This study examines the prevalence and demographics of economic vulnerability in the United States, with a particular focus on gender disparities. Using data from the Survey of Consumer Finances, we analyze factors contributing to financial strain, including income levels, savings rates, debt burdens, and access to financial resources.
This study looks at how these factors differ between genders and explores how variables such as age, education level, and marital status relate with gender to influence financial strength. It also considers systemic factors like the gender pay gap and unequal distribution of unpaid care work.
The study examines the long-term implications of financial fragility, including impacts on retirement preparedness and the ability to manage unexpected expenses. Additionally, I will explore potential solutions, such as targeted financial literacy programs and policy interventions.
My findings have significant implications for policymakers, financial advisors, and educators. This gender-focused analysis of financial fragility aims to inform economic policies, enhance financial literacy programs, and contribute to strategies for improving the economic resilience of U.S. residents. The research underscores the need for nuanced, demographically sensitive approaches to addressing financial vulnerability and promoting economic stability across diverse populations
The Financial And Economic Fragility Of The US: A Gender-Based Analysis
Recent surveys indicate that approximately 60% of Americans live paycheck to paycheck, highlighting widespread financial fragility ((Malinsky, 2024)). This study examines the prevalence and demographics of economic vulnerability in the United States, with a particular focus on gender disparities. Using data from the Survey of Consumer Finances, we analyze factors contributing to financial strain, including income levels, savings rates, debt burdens, and access to financial resources.
This study looks at how these factors differ between genders and explores how variables such as age, education level, and marital status relate with gender to influence financial strength. It also considers systemic factors like the gender pay gap and unequal distribution of unpaid care work.
The study examines the long-term implications of financial fragility, including impacts on retirement preparedness and the ability to manage unexpected expenses. Additionally, I will explore potential solutions, such as targeted financial literacy programs and policy interventions.
My findings have significant implications for policymakers, financial advisors, and educators. This gender-focused analysis of financial fragility aims to inform economic policies, enhance financial literacy programs, and contribute to strategies for improving the economic resilience of U.S. residents. The research underscores the need for nuanced, demographically sensitive approaches to addressing financial vulnerability and promoting economic stability across diverse populations