Women and Finances

We have just recently had National Equal Pay Day and it really got me thinking and noticing how differently women handle their finances when compared to men. This is no secret. We all see some obvious differences, but what should we do about it?

Pay inequality has been happening for a number of reasons in our country and we should keep pushing forward to provide women fair and equal opportunities. I want to help ensure women have equal opportunities for saving and investing as well. It starts with the pay taken home but we must continue to encourage women, young and not so young, to take ownership of their investments. Did you know…

  • NBC News reported women invest 40% less than men. (1)

  • Women are less like to invest an extra $1,000 if given the chance. (1)

  • If women are making 20% less than men, they are also getting 20% less of a contribution from their employers into their company retirement plans. (1)

  • Women tend to be better at handling household finances and debt than men. Ladies, you are paying $200 per month more than men on your loans but men are contributing 32% more than you to their investments. (2)

This is where we do something about it.

Key Analytics will offer a new course so women and girls have the opportunity to get on an equal playing field when it comes to saving for their future goals.  We are announcing our first Mother/Daughter Money Course offered through the Keys to Personal Finance Association this May!  We just cannot go on pretending this will go away on its own. We have to act and we will commit to ensuring that women feel confident investing in their futures. Keep your eyes out for more information on how to sign up!  Please email analyt@kittoday.com if you are interested in the LIVE course!

 

 

(1) https://www.nbcnews.com/better/business/why-women-invest-40-percent-less-men-how-we-can-ncna912956

(2) https://www.sofi.com/blog/women-investing-gender-wealth-gap-nobody-talks/ 

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