David Lerner Associates: Does it Cost More to Be a Woman?
Women face a number of financial challenges that appear to be unique to their gender. These go beyond earnings-an area where, according to the U.S. Census Bureau women still tend to lag behind men, on average - to the area of credit card management and even everyday purchases.
David Lerner Associates: Gender Differences- does it cost more to be a woman?
Does it cost more money to be a woman in the U.S. today than it does to be a man? A study conducted earlier this year by the FINRA Education Institute suggests that in a couple of areas the answer may be yes.
David Lerner Associates: Women and Financial Literacy
Recent studies indicate that we may be facing a financial literacy crisis in the United States today. This is somewhat ironic, given that the world of finance and investing is arguably more complex today than ever before.
David Lerner Associates: The Crisis in Women’s Financial Literacy
The word "crisis" seems to be used very loosely today, but it might be the right word when it comes to the current state of financial literacy among U.S. adults.
David Lerner Associates: How to Close the Financial Literacy Gap
One of the most concerning findings of the Financial Finesse study is a reversal in what was a positive trend with regard to women paying off credit card debt. Between 2009 and 2011, women made steady progress in paying off credit card debt in full, but this trend changed course earlier this year.
David Lerner Associates: Financial Literacy, the Gender Gap
This is the third in a series of articles discussing the importance of financial literacy for women.Several recent studies have suggested that there may be a significant “gender gap” between men and women when it comes to financial literacy. This may even include women with college degrees.
David Lerner Associates: Beyond Politics - Women and Financial Literacy
There is one topic some people say hasn't received a lot of attention from either party during the political season -- the "gender gap" between men and women when it comes to financial literacy.
David Lerner Associates: Financially Speaking, Women and Men are Different
Women have never been in a better position to achieve financial security for themselves and their families.Women need to take advantage of this position and educate themselves about finances.
Women and Wealth Management: Is There a Gender Gap?
A new study conducted by Boston Consulting Group indicates that women believe they receive a lower quality of wealth management service than men do.Over half (55 percent) of the women who responded said their wealth manager could do a better job of advising them than he or she was currently doing.
David Lerner Associates: Gender Gap Extends to 401(k) Plans
Studies have indicated that a gender gap exists between men and women when it comes to overall financial literacy.
David Lerner Associates: Women and Estate Planning Basics
When it concerns estate planning females have unique concerns. The fact is that women live approximately 4.8 years longer than men.
Small Business Week: What Women Should Know When Starting a Business
Women-owned companies are growing much faster than every other segment of new business in our economy. There are some crucial factors for women to consider when starting a business.
David Lerner Associates: Reasons Why Women Require Life Insurance
Women have more financial responsibilities now more than ever before. Whether you are single, married, employed, or a stay-at-home mom, you most likely need life insurance.
David Lerner Associates: A Retirement Income Roadmap For Women
It is essential to become involved in retirement planning even if you're married. Many women end up single at some time in their lives due to divorce or death of a spouse.
David Lerner Associates: Financially Speaking, Women and Men are Different
Women today have never been in a better position to achieve financial security for themselves and their families. What financial course will you chart?
David Lerner Associates: Women's Health Care in Retirement
At any age health care is a priority. But when a person retires focus on health care is more important than ever before. This is especially true for women.
David Lerner Associates: Does it Cost More to be a Woman in 2015?
Many areas of women's lives are in the spotlight during International Women's month. One important factor that has still not been achieved in the US is financial equality - as witnessed by the responses to Patricia Arquette's passionate plea for equal pay for equal work in her acceptance speech at the 2015 Oscars
David Lerner Associates: The Gender Gap in Wealth Management
According to a study that performs research on financial trends in the US, women have made good progress in many areas of financial literacy, but there is still a gender gap when it comes to investment and wealth management.
David Lerner Associates: Women and Estate Planning Basics
When it comes to estate planning, women have unique concerns. Women live an average of 4.8 years longer than men, so there's a greater chance that they'll need their assets to last longer, and they have a greater need to plan for incapacity. It also means that women need to take responsibility for their own estate planning.
David Lerner Associate:: Women and Finances
Women tend to live longer than men, so most women are likely to be responsible for their own financial welfare at some point in life. So it's important for women to understand their financial options.
Women and Retirement Planning
National Retirement Planning Week is of particular interest to women. Because their careers are often interrupted to care for children or elderly parents, women may spend less time in the workforce and earn less money than men in the same age group.
Retirement Savings Challenges for Women
While women have more opportunities than ever before they often face unique obstacles that can make saving for retirement a challenge
David Lerner Associates: Indexed Universal Life Insurance
There are several types of life insurance - one that you may not be so familiar with is called Indexed Universal Life Insurance. (IUL)
David Lerner Associates: Women and Work
Why salary, benefits and work-life balance count. Now that women make up a large part of the workforce it's important for women to take charge of their career path and financial rewards.
Four Things Women Need to Know about Social Security
The very first retirement benefit check was issued in 1940 and since then women have been relying on Social Security to provide much-needed retirement income.
David Lerner Associates: Women and Asset Protection
Due to a decision to remain single, divorce or loss of a spouse, many women find themselves having to take charge of their financial affairs.
David Lerner Associates: Financial Challenges Widows Face
Women in the US are 3X more likely to lose their spouse than men. Becoming a widow at any age can be one of the most challenging events a woman can face.On top of the emotional loss there is also the burden of suddenly handling everything--including all the finances--on your own.
Women Need to be Proactive about Finances and Retirement
Relying on your husband to take care of the finances and retirement income was an accepted practice in the past. Today women have to take a new approach to their financial future. Relying on a spouse's income and savings is no longer a risk-free option.
Women Business Owners Still Face Financial Challenges
Although the number of women-owned businesses is on the rise, they still face some financial challenges. The Census Bureau's Survey of Business Owners shows that while women own 36 percent of businesses in the U.S. only 11.3 percent of the sales revenue generated went to female-owned businesses.
David Lerner Associates: Women Entrepreneurship Gains Support
Women in business is a trend which is gaining ground in today's marketplace. Over the past twenty years women have outscored men in startups by 150 percent.
David Lerner Associates: Confidence Plays a Part in the Financial Gender Gap
Women in the U.S. lag behind men in three main areas of their finances: earnings, investments, and savings. A recent Fidelity study identified a major factor that contributes to this issue - women lack confidence when it comes to handling their finances. Just 28 percent of respondents said they felt confident when it comes to picking investments without help, and 37 percent felt confident about handling retirement planning on their own.
David Lerner Associates: Women and Money - The Financial Gender Gap
The World Economic Forum's Global Gender Gap report show that women are worse off this year - the pay gap in the U.S. is now at 64 percent, down from 66 percent a year ago. That means that American women earn two-thirds of what a man does for the same work.
New Study Reveals Who is Investing in Women
Bloomberg recently unveiled a study that investigates what the big financial players are doing to promote gender equality.
David Lerner Associates: Women Trailing Men in Financial Fitness
Most Americans were affected by the Great Recession, and the thought of another future financial shock makes us very uneasy. Women are particularly vulnerable, says a study from FINRA, 2012 National Financial Capability Study, and it's taking a toll on their lives with higher stress levels, reduced productivity, and decreased well-being. Only 37% of the women surveyed were rated financially fit as opposed to 45% of men.
David Lerner Associates: Women Need to be More Hands-On Financially
It's important for everyone to keep tabs on their finances, but it seems that women lag behind men when it comes to taking control and planning for a secure financial future. Women face unique challenges that add up to different financial needs. Prudential's 2014-2015 Research Study, "Financial Experience and Behaviors Among Women," shows that although more women are taking control of household finances, they're no more prepared to meet long-term financial goals than they were a decade ago.
David Lerner Associates: Women and Money. The Financial Gender Gap
International Women's Day is today. The World Economic Forum's Global Gender Gap report shows that women are worse off this year - the pay gap in the US is now 64 percent, down from 66 percent a year ago. That means that American women earn two thirds of what a man does for the same work.
David Lerner Associates: Lessons from the Richest Women in History
A recent about the richest women of all time used two interesting factors to decide who made the cut. The women had to have taken an active role in building their fortunes. They compared an individual's wealth to total global economic output at the time. The list includes well-known historical figures such as Cleopatra and Catherine the Great, as well as a few current female billionaires.
David Lerner Associates: Cyber Thieves Target Men More than Women
A new report claims that men are ripped off three times as much as women. There are many things you can do to stay safe from the digital bad guys. Using strong passwords, secure your computer, installing the latest operating system updates, protecting your data with encryption or passwords, and securing your wireless network are just a few things that can be done.
Women and Wealth in the United States
In the United States a substantial wealth gap exists between women and men. A study by Sociologists for Women in Society shows that the gender wealth ratio reveals economic inequalities that are masked by gender income ratios.
Women and Small Business
According to the Small Business Administration (SBA), women-owned companies are growing much faster than every other segment of new business in our economy
Mother knows best
Motherly love goes a long way, and motherly advice apparently is more important than one might think. With Mother's Day recently being celebrated, as Americans armed themselves with bouquets of flowers, yummy chocolates and tear-jerking greeting cards, one thing that may not have been on the top of their list of things to consider was mom's money advice.
How Women's Roles in Family Finances are Changing
Back in the 50s, American women stayed at home and raised the children. In 1960, just over 10% of mothers were breadwinners, and 7% were single moms. By 2011, those numbers had jumped to 40% of mothers as the sole or primary provider, and 25% were single moms. In 2014, 34% were single mothers, and the trend is still on the rise.
Women and Men Think Differently About Finances Too
"Women are from Venus, men are from Mars" has become a saying embedded in our vocabulary. It indicates that women and men see things differently and have a different approach to many aspects of their lives. Finances, it appears, is one of these areas.
Cinderella's Personal Finance Lessons
Although women now control 70% of consumer spending worldwide, when it comes to controlling their finances, the numbers are less encouraging. A recent study by Key Private Bank showed that even among high net worth women, household finances are still predominantly controlled by men.
5 Personal Finance Tips for Women
While most financial tips apply to everyone, there are some that are more relevant to women. 90% of women will have to manage their finances on their own at some point in their life, and unfortunately, too many women lack confidence, and may hesitate to take control of their finances.
Is Divorce Derailing Your Retirement Fund?
Just as getting married involves financial decisions, so does divorce. Splitting up your assets is one of the main areas of concern - and this includes investments and retirement accounts. It's important for each of the partners to retain some of the retirement fund.
Power of Attorney Tips
None of us likes to think about the possibility of something happening that might prevent us from managing our own finances, but it does happen. If you are ill, incapacitated, or just out of the country, you might need someone else to manage your money for a while.
Hollywood's Financial Literacy Lessons for Women
Watching films can be a pastime usually considered pure fun or even escapism. Some films are more pertinent than others, especially when it comes to learning life lessons. Learning from other people's mistakes, even if they are fictional characters, could be beneficial for your future.
5 Personal Finance Tips for Women
While most financial tips apply to everyone, there are some that are more relevant to women. 90% of women will have to manage their finances on their own at some point in their life and unfortunately too many women lack confidence and hesitate to take control of their finances.
Are You Facing A Retirement Income Shortfall?
According to a study by TransAmerica women are far less confident of their ability to retire with a comfortable lifestyle. The same study shows that most women are planning to retire at 65, or not at all, continuing to work into their retirement years.
Women and Money - The Financial Gendar Gap
The World Economic Forum's Global Gender Gap Report shows that women are worse off this year. the pay gap is now at 64 percent.
Women and Life Insurance
Women have more financial responsibilities than ever before. The hard truth is that death is inescapable, short of someone discovering a way to reverse aging permanently, and life insurance is not like other types of insurance. It's the only kind of insurance where the policyholder is guaranteed to need it at some point in time.
Retirement Planning for Women
As with most things in life, retirement planning is slightly different for women than it is for men given the many challenges they face. To meet these financial challenges, women need to make retirement planning a priority.
Social Security and Divorced Women
For divorced women nearing retirement, time is ticking away and financial readiness is an essential factor to consider. The good news is that although Social Security can be a rather complex matter, divorced women are eligible for a benefit that equals one half of their ex spouse's full retirement amount.
Women and Their Finances
Surveys show that one quarter of the women in the United States are the primary financial decision makers in their households.
For Love and Money
Relationships and money are two subjects which gain a lot of interest from people. Perhaps that's because these areas are ones where people would like to see improvement in their lives.
Women and Financial Literacy - an issue that needs to be addressed
Financial literacy for women is an issue that needs to be addressed in the United States. Statistics show that women earn less than men and they also on average spend more years out of the workforce. This is alarming because women are getting the short end of the stick.
Small Business Saturday
November 26th is designated as Small Business Saturday, a special day set aside as part of an American Express program to encourage people nationwide to support small local businesses.
Retirement Planning For Couples
Couples have some unique advantages when it comes to retirement planning. For one thing, you have someone to pool resources with, share expenses, and help inspire (or nag) one another to save more.
Closing the Gender Gap in Retirement Planning
It's no secret that there is a gap in earnings between men and women, and while great strides have been made toward gender equality, how does that translate into retirement preparations?
Money Lessons for Women
Gender roles in today's society have shifted dramatically from a time when little girls grew up hoping to find a good man who could take care of them financially.
How to Prevent Money from Ruining Your Marriage
Sharing finances with a partner comes with a lot of issues; mutual trust, respect, self-worth, etc. These are all areas that, if damaged even slightly, can lead to upset and tear the fabric of a marriage apart.