HerCapital is here to educate and empower you on personal finance and investing.
We all know about the gender pay gap—women in America today make about $0.81 for every dollar earned by men. Not only does this mean women make less, but they're investing less as well—missing out on invaluable opportunities to grow their wealth and plan for the future.
Women pay off loans ~10% faster and contribute $200 more per month more towards paying off debt compared to male counterparts.
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Women earn about two-thirds of all graduate degrees and half of all masters' and doctorates*.
*as of 2016
Even when controlling for income, men are contributing 32% more than women, and are more aggressive with their investment strategies.
... and make up only 8 percent of all investors, due, in part, to the fact that 65% of female non-investors find information about investing difficult to understand.
And, of all assets controlled by women, 71% are in cash, or not invested. In contrast, men hold about 60% of their assets in cash.
Given that American women are also known to live, on average, 5.07 years longer than American men, investing early and understanding her options are of the utmost importance for young women.
HerCapital is here to educate and empower you on personal finance and investing.
Learn more about how to get started on your journey to financial literacy by visiting our resources page.
