Chapter

The Wealth Escalator and the Debt Anchor

Mariko Lin Chang

in Shortchanged

Published in print September 2010 | ISBN: 9780195367690
Published online September 2012 | e-ISBN: 9780199944101 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195367690.003.0003
The Wealth Escalator and the Debt Anchor

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This chapter discusses the concept of the wealth escalator as the mechanism for understanding why men have an advantage when it comes to translating income into wealth. It also discusses the debt anchor that compounds women's wealth-building disadvantage. It argues that, while earnings are important, the ability to tap into the wealth escalator helps one build wealth much more quickly than by earnings alone. Women's lower incomes place them at a disadvantage in wealth building, but women are less likely to tap into the wealth escalator because of the types of jobs and industries they work in and because of their patterns of labor force participation.

Keywords: income; wealth; debt anchor; wealth escalator; wealth-building disadvantage; labor force participation

Chapter.  8201 words.  Illustrated.

Subjects: Gender and Sexuality

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