Women’s Equality Day, on August 26th each year, celebrates the achievements of women’s rights activists and reminds us of the unique daily struggles that women face.
In last week's episode, we discussed Women and Money, where we outlined some depressing stats about unequal pay and other financial imbalances. Be sure to check it out; we hope it makes your figurative hackles rise so you can join us in taking action to combat inequality. Sure, we’ve got the right to vote – barely. We weren’t allowed to have our own bank account till the 20th century – most of our listeners were around then, albeit a bit too young at the time to be concerned. But equality for women is still an active conversation today. So, what then really, does “equality” mean? For a working definition to drive this conversation, let’s use the word “parity” - an even playing field for all.
On the face of things, women can do “everything” a man does, in the U.S. at least. But being able to do the same things in no way means we are all treated fairly or equally in all situations. Being deemed the fairer sex, for many apparently means the weaker, less smart sex.
Did you Know:
· Women make .82 cents for every dollar a man makes
· Women must work 44 more days each year to make as much as her male counterpart
· Women are 80% more likely to face financial hardship at 65+
· Net lifetime earnings for women with bachelor’s degrees average $1.32 million; men with bachelor’s degrees net lifetime averages $2.9 million.
By the way, have you checked your social security benefit projections lately? If you're not happy with the projected monthly income, be sure to attend my upcoming (complimentary) virtual workshop so you can boost your bottom line. It's time to take control of your finances. Lady Mogul - An Introduction to Multipreneurship – Financial Empowerment for Women
