Financial Freedom 101 For Women
by Erin Hoffman 3/31/21, published on jobs.mom
Women still do not receive equal pay for equal work. The gap is roughly 20%, and women continue to live longer than men, now by an average of seven years. That one-two punch — lower earnings over a longer lifetime — makes it critical for women to become even more knowledgeable and confident about their finances. At some point in our lives, 80-90% of women will become solely responsible for their finances, mainly due to divorce or widowhood. Understanding your current financial situation, setting goals based on your values and having a solid understanding of what it will take to protect your family and assets is an important first step in achieving your goals.