✉news BusinessEconomy first seen 7 h ago, last 20 min ago, peak #3
Edward Jones chief says 'elder daughters' prop up the economy
Original: ‘The elder daughter phenomenon’: Penny Pennington said the economy is propped up by eldest daughters
Penny Pennington, chief executive of Edward Jones, said the economy is being propped up by eldest daughters, coining what she calls the 'elder daughter phenomenon'. Her comments highlight the unpaid and often invisible labour that firstborn daughters take on in families, from caregiving to household management, and how it supports the wider economy.
Why now: Pennington's remarks put a spotlight on the unrecognized economic contribution of eldest daughters, striking a chord with many who share that experience.
Evidence
- ‘The elder daughter phenomenon’: Penny Pennington said the economy is propped up by eldest daughters · Fortune
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