Women & Money – Struggles and Strategies
It’s no secret that many Americans struggle with financial pressure. The current climate of persistently high inflation doesn’t help, where a substantial portion of the population, over 60%, lives from one paycheck to the next.
This trend significantly impacts women, who face unique financial challenges. Recent findings highlight that women are more likely than men to experience difficulties maintaining financial stability, with almost 59% of women living paycheck-to-paycheck compared to 41% of men.
Adding to these challenges:
- Women, on average, earn only 80% of what their male counterparts do.
- Women are more likely to have career interruptions due to caregiving responsibilities.
- Women live longer than men, on average.
With these points in mind, you can see why it’s critical to address these hurdles when you plan for retirement.
To address these concerns, most financial planning experts emphasize financial literacy’s critical role in empowering women to establish a secure financial foundation, and I’m no different.
Actively seeking financial education and consulting with financial advisors (for personalized short- and long-term planning) is a crucial step toward achieving financial independence and stability.
If you seek guidance on how to work towards a stable future, I’m here to help. Together, we can create a tailored plan that addresses your needs and goals.
To begin, book a 15-minute consultation using my online calendar. Let’s work together towards achieving your financial security and independence! – just click the buttons below.
