What's Happening?
In the current era, often referred to as a new Gilded Age, American women and girls face increasing threats to their rights, including abortion access and birth control. Simultaneously, the number of female billionaires in the U.S. has grown, with many
of these women diversifying their philanthropic efforts beyond traditional focuses like education. Historically, wealthy women in the first Gilded Age prioritized educational opportunities for women, but today's female billionaires are investing in a broader range of causes. Despite the progress in gender equality, modern female philanthropists are not as focused on women's issues as their predecessors, with only a few, like MacKenzie Scott and Oprah Winfrey, specifically targeting women's and girls' education.
Why It's Important?
The shift in philanthropic focus among female billionaires highlights a broader change in societal priorities and the perception of women's rights. While the diversification of philanthropic efforts can address a wider array of societal issues, it also raises concerns about the potential neglect of women's rights, especially as these rights face renewed challenges. The actions of these billionaires could influence public policy and societal norms, potentially impacting the progress made in gender equality. The current landscape suggests a need for continued advocacy and support for women's rights to prevent regression to past inequalities.
