Empowering Women Towards Financial Independence
Women continue to face significant financial challenges, including lower salaries, reduced pension claims, and heightened risks of old-age poverty. Equal Pay Day, observed on March 7, underscores the persistent gender pay gap, with women earning an average of 16% less than men.
This disparity is often attributed to the prevalence of part-time and undervalued professions predominantly occupied by women. Furthermore, studies reveal that a woman's income can decline by as much as 20% post-marriage, as seen in individual cases like Stefanie Stoll, who left her job to support her husband's career.
Experts advocate for full-time career opportunities for women and better compensation for traditionally female-dominated jobs. To combat these financial inequities, women are encouraged to establish emergency savings and pursue investments to build wealth.
Investment options like ETF savings plans offer a practical entry point, providing diversification and low costs. Women are reassured that long-term investments in stocks, ETFs, and mutual funds can yield better returns than traditional savings accounts.
Despite progress, the pension gap remains, with women receiving, on average, €500 less per month than men. As of 2023, women's average pensions have improved to €1,023, up from €526 in 2000, but the journey toward financial equality continues.
Financial education and proactive wealth-building strategies are essential for women to secure their financial futures.
Related news on that topic:
The press radar on this topic:
Women still have an average of 500 euros less pension than men
Equal Pay Day Why Women Still Earn Less Than Men
From Fuck-you-Money to Honest Cash Flow: Financial Tips for Women
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand