As Sallie Krawcheck, founder of the female-led fintech firm Ellevest, likes to say: “Nothing bad happens when women have more money.” She’s right. And “average” is one thing you are not.įirst, acknowledge that you deserve more. But no matter how old you are or where you live, what you have to remember about the gap is that it’s an average. The problem is, those gains don’t stick as we age and take breaks from work to do things like have kids and take care of our parents. And young women in big cities earn comparatively even more. In fact, the Pew Research Center notes women under the age of 30 have made pretty big strides: They earn 93 cents on average, up from 88 cents in 2020. The gender wage gap, where women earn just 82 cents for every dollar a white man earns-women of color earn even less-is closing. Play icon The triangle icon that indicates to play Getting Paid Is Good. If you’re looking for financial empowerment, less worry, and a greater sense of control over your money, it’s time to breathe these new rules in and make them a part of your playbook from here on out. Why? Because although there are some elements of the financial world that you can’t control (stock prices, rising interest rates, and a thousand others), you can reduce the amount of volatility in your financial life by controlling what you can-and when you do that successfully, it’s going to bring your financial stress level waaay down. When it comes to money, having rules can be particularly helpful. Far from it-you just need a new set of rules. There are so many question marks out there right now, but at least one thing is pretty clear: This is not your mother’s economy. And inflation the likes of which we haven’t seen in 40 years.
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