Yusra3
VIP Contributor
The financial wellness gender gap is a real thing. Women are more likely to be victims of fraud and identity theft, they're less likely to have access to credit and loans, and they're more likely to be under-insured in the event of an accident or medical emergency. It's not hard to see why: women are often the ones who have to take care of their families, and that means doing all the things that men don't like paying for tuition for their children, buying groceries for their families, and making sure their car insurance is paid up before they head out on vacation.
All of these things are important, but they're also expensive. The average woman spends $12,000 less than her male counterpart over her lifetime just on basic necessities like housing and food and that's not even counting the cost of caring for dependents like children or aging parents!
If we want women to be financially well off when they retire (or before), then we need to start closing these gaps now.
All of these things are important, but they're also expensive. The average woman spends $12,000 less than her male counterpart over her lifetime just on basic necessities like housing and food and that's not even counting the cost of caring for dependents like children or aging parents!
If we want women to be financially well off when they retire (or before), then we need to start closing these gaps now.
