234 National Financial Literacy Month - Day 27 - Financial Literacy & Women

After observing a news broadcast earlier today, the discussion
surrounding the cost of living crisis came up. The focus of the
news report was centered on childcare costs and the gender pay
gap.


Facts: 


Twenty-five percent (25%) of family budgets go toward childcare
expenses. 


When it comes to the gender pay gap,  it takes Caucasian
women three more months to equal the pay of Caucasian men.


It takes African American women seven more months of work to
equal the pay of Caucasian men.


It takes Hispanic women ten more months of work to equal the pay
of Caucasian men.


Women earn eighty (80) cents for every dollar a man earns which
should be corrected considering they work the same job, this is
pay inequity of the highest order. 


Living wages required a per hour wage rate of $35.80 to keep up
with inflation, however, the federal living wage rate is only
$7.35 an hour.


The workforce is feeling widespread burnout. A lot of it is due
to the inflation cycle and pay inequality.


Fifty-three percent of women surveyed stated stress levels are
higher than they were a year ago. All in all, when it comes to
financial literacy for women there are still a lot of challenges
they face and more effort needs to  be put into correcting
the wrongs of pay inequity and flexible work schedules that can
accommodate women in all industries.


Learn about Paul Lawrence Vann's digital Financial Fitness
course, it is being offered at a 50% discount throughout the
month of April, National Financial Literacy Month, here is the
link:  https://bit.ly/3dbperG