From NASDAQ: 2025-05-06 09:00:00

Women face unique challenges in society, with 43% of Americans believing women have a harder time compared to men. Financially, women earn less and take on more unpaid caregiving. Despite systemic issues, women can take steps to improve their finances and work towards long-term money goals.

Around 32% of employed Americans, including 36% of women and 28% of men, feel they need an additional job to make more money. Just 33% of employed women saw a pay increase in the last year, compared to 40% of men. Only 10% of employed women negotiated for a higher salary, highlighting the gender pay gap.

Investing is crucial for long-term financial stability. While women are seen as better at managing money daily, they are less likely to invest in the stock market than men. Investing consistently and having a good asset allocation can help build wealth over time and bridge the gender investing gap.

A Prudential Financial survey shows women have significantly less saved for retirement than men. 19% of women rely entirely on their partner’s income, compared to 5% of men. Having your own money is vital for financial security, and a spousal IRA can provide retirement income even in the event of divorce.



Read more at NASDAQ: 3 Ways Women Can Strengthen Their Finances