While 71% of these young adult women are working, and more likely than men to have graduated from college, only a third of these young women are investing money beyond their workplace retirement accounts. Despite mixed results, the potential exists for millennial women to achieve great strides; the desire to meet goals, for instance, can be very beneficial to any individual looking to build and sustain wealth, regardless of gender.
John Hancock financial advisor Misty Lynch points out how far things have progressed in the last few decades: "Millennial women have more freedom with their finances than past generations ever did. […] A married woman couldn't even get her own credit card before 1975 without permission, and single women didn't have it much easier when it came to financial independence." The confidence and independence evidenced by these studies indicates that the future may be bright for millennial women. 1