Most of us cannot imagine the sudden loss of our spouse. Yet, difficult as it may seem to accept, U.S. Census data indicates that the overwhelming majority of married women will be on their own for a significant number of their later years.
Financial literacy refers to the skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances. Financial literacy starts by building a basic understanding of 'money matters' to create a sense of economic well-being, self-trust, and financial confidence.
What have you learned about anything financial lately? Do most of your neighbors keep a household budget or save for retirement? Does your cousin live hand-to-mouth? Do you understand compound interest? Or know what the Dow Jones Industrial Average is? Is gold worth its own weight?
In the U.S., men are investing and accumulating wealth at a greater pace than women, fueling the gender investing gap. Closing the investing gap is essential so that women accumulate enough retirement assets for their entire lives.
When it comes to estate planning, women have unique concerns. The fact is that women live an average of 5.0 years longer than men. That's important because it means that there's a greater chance that you'll need your assets to last for a longer period of time and a greater need to plan for incapacity.
As an entrepreneur, there are multiple demands on your time and matters that require prioritizing. But while you're juggling strategic planning decisions for your business...
Women have special concerns about financial independence that financial professionals need to address. For one thing, they tend to live longer than men, so they need to worry about paying for an extended old age.
Women own nearly 20% of the businesses that employ people in the United States, and countless more women run their businesses without employees. There are over one million women-owned firms.
Financial stress can have a direct negative impact on a person's health and happiness. Unfortunately, this may lead to a downward spiral.
Here are steps you can take now to work towards building wealth and reducing your debt load. How can you show your money some love this Valentine's Day?
