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Writer's pictureBrenda Bell

Women and Money, Taking Charge of Your Financial Future…

CHARTING A FINANCIAL COURSE:

Today, it's critical that women know how to Save, Invest, and Plan for their future.


REASONS FOR OPTIMISM

Women today have never been

in a better position to achieve financial security


WOMEN'S ECONOMIC CLOUT

● Women make up almost half the workforce

● Women account for more than half of all workers in management, professional, and related occupations

● Women own millions of businesses

● Women earn the majority of all bachelor's,

master's, and doctoral degrees


POTENTIAL FINANCIAL CHALLENGES

Women often face financial

challenges that their male counterparts don't

● Women have longer life expectancies

● Women generally earn less income and have less savings

● Women are more likely to interrupt careers to raise children or care for family members

● Women often invest too conservatively


No One-Size-Fits-All

Not all women will face all of these challenges, but it's important to move forward financially with them in mind

Take Charge of Your Financial Future

6 things you can do:

1. Take control of your money

2. Become a more knowledgeable investor

3. Advocate for yourself in the workplace

4. Plan for retirement

5. Protect your income and assets

6. Create an estate plan


Sources: NCHS Data Brief, Number 328, November 2018; U.S. Bureau of Labor Statistics, Women in the Labor Force: A Databook, November 2017; U.S. Department of Labor Blog, Women and Retirement Savings, March 2017


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