How Women Get Hit with Finances in the US

110 views
95 views

Published on

Women are more vulnerable when it comes to finances (through divorce, lack of education, etc). Yet, they tend to handle most of the family finances themselves. Here are some stats to help women out when it comes to getting a handle on their financial life. What you don't know can hurt you.

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
110
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

How Women Get Hit with Finances in the US

  1. 1. Facts that should scare women about personal finances. Women make 20 % Less than men on average. They save about one third less What’s more Over a quarter of women age 55 and older are widows. R.I.P. MEN Divorced women with children are 4x More likely to earn below the poverty line. But there is good news. Women have the POWER to change those stats. They are very likely to be solely responsible for their finances. Women account for 85 % of all consumer purchasing decisions. Saving It pays to take steps early to ensure you are taken care of. 10 % from an average $49,398 paycheck = $4942 in savings each year. x5 years In 5 years that’s $25k without maximizing it with interest. Take that same 10% * each month and roll it into an IRA with a It pays even more to have a solid financial plan that helps your money grow. 7 % interest rate. compounding interest will turn that money into $1,039,440.60 at age 65 ** Presented by: Flexscore.com * Savings amount increases annually by assumed inflation rate of 3% **Assumes investment starts at age 30.

×