✉news BusinessEconomy first seen 4 h ago, last 30 min ago, peak #3
Edward Jones chief says eldest daughters prop up the economy
Original: ‘The elder daughter phenomenon’: Penny Pennington said the economy is propped up by eldest daughters
Penny Pennington, head of financial firm Edward Jones, said the US economy is being propped up by eldest daughters, coining what she called the elder daughter phenomenon. Her claim is that firstborn daughters take on outsized family caregiving, financial and organisational burdens, and that this unpaid and often invisible labour underpins household spending and workforce participation.
Why now: A prominent finance executive's claim about eldest daughters carrying the economy has struck a chord with audiences weighing unpaid family labour against economic growth.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 30 min ago.
Evidence
- ‘The elder daughter phenomenon’: Penny Pennington said the economy is propped up by eldest daughters · Fortune
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