In a growing number of U.S. households, women are now earning more than their husbands and partners.
Millennial shift
Already, there are clear generational shifts, with millennial women almost twice as likely as women in the baby boomer generation to earn the same as their partners, she says. But more than 1 in 5 millennials say they experience negative friction in their relationship because one partner earns more – yet only 1 in 10 boomers say it causes friction.
Millennials are also getting married later than previous generations, giving them years to establish their financial habits and independence, she adds. About two of three millennials in relationships keep at least one separate bank account from their partner, Marineau says. That suggests “they enjoy the freedom to spend their money how they want,” she adds.Yet there’s still a wide gender gap when it comes to which partner is calling the financial shots, according to TD Ameritrade. About two-thirds of men say they make their household’s investment decisions, the survey found.
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