How The Secondary Gender Wage Gap Stifles Women’s Financial Well-Being

Post date:

Author:

Category:

Known as the “secondary gender wage gap,” this gendered financial literacy gap negatively impacts women, constantly stifling their financial well-being. Pictured: Equal Pay Day rally in Chicago, April 2018. (Charles Edward Miller)

Over the past half a century, women’s participation in the labor force has grown significantly—leaving more money in their pockets.

But women’s financial literacy hasn’t followed the same trajectory—leaving gaps in women’s knowledge about how to handle, invest and take care of their financial assets.

Known as the “secondary gender wage gap,” this gendered financial literacy gap negatively impacts women, constantly stifling their financial well-being.

“When women shop, it’s seen as being frivolous, but when men spend similar sorts of money on big purchases, they’re ‘investments,’” said Anne Boden, CEO of Starling…

Continue Reading Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

STAY CONNECTED

20,697FansLike
2,373FollowersFollow
0SubscribersSubscribe

INSTAGRAM

Today in Feminist History: A Separate Committee on Woman Suffrage (September 24, 1917)

Today in Feminist History is our daily recap of the major milestones and minor advancements that shaped women’s history in the U.S.—from suffrage...

“A Painful Day”: No Officers Criminally Responsible for Death of Breonna Taylor

The announcement comes after a $12 million settlement for the family of Breonna Taylor and months of Black Lives Matter protests. This story originally...

Dad Builds 35 Desks for Students Who Are Learning at Home

If you need a bit of good news right now (who doesn’t?), one California dad’s heartwarming deed should do the trick. Mitch Couch, a...