Women & Money - The Case For Financial Literacy
Posted by Goody on 06/17/08 in Finance
The facts are frightening: Women earn approximately 80 percent of what men earn. They live an average of five years longer than men, so they need more for their retirement. And yet, because they earn less and often work less because they take time off to care for children and elderly parents, they save less for retirement and receive lower Social Security benefits.
There are women who have conquered the historic wage gap, most struggle with unique challenges generated by the multitude of roles they play, including wage earner, wife, mother, homemaker, and caregiver. And in that struggle, the principles of sound money management often get left behind.
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