Exclusive: Pandemic Could Cost Typical American Woman Nearly $600,000 in Lifetime Income
By Emily Peck
Photo Illustration by Newsweek; Source Images Getty
New signs of the nation s expanding recovery from the pandemic crop up every day, but for millions of women in the U.S. the economic punch of COVID may never be over. Long after the face masks have been tucked away and the kids are back in school full-time, after offices reopen, jobs are regained and life returns to some semblance of normalcy, the financial fallout of the past 15 months will continue to trail these women likely, for the rest of their working lives and throughout retirement.
Summary
We believe economic data clearly show that 2021 is going to be a banner year for the US economy.
This will likely lead to greater optimism among consumers who now have the highest saving rate in more than 45 years, in our view.
Be aware that the strong returns over the last 12-months mean that investors have likely anticipated much of this good news.
If you travelled on Spring Break you probably felt it…That feeling that economic activity seems ready to burst, like the release of water from a hose after a kink has been removed. This pent-up pressure is a result of an economic trifecta, which we define as three strong tailwinds triangulating on the US economy at roughly the same time.
, a series exploring how the oldest members of this generation have grown into adulthood amidst the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living.
For the last decade, headlines have decried millennials as lazy and entitled, failing to live up to their parents success because of carelessness with money. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.
Picture avocado toast-consuming, latte-drinking, yoga mat-toting 20-somethings who live in their parents basement, always job-hopping and drowning in debt. This trope quickly came to define the generation, born between 1981 and 1996, in many a media narrative.