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The Pay Gap and Women’s Financial Literacy


The pay gap is not just about unequal salaries. It shows up in smaller bonuses, fewer benefits, and lower retirement contributions over time. These differences compound and can make it harder for women to build wealth or recover from financial setbacks.

From my experience, financial literacy plays a key role in navigating these challenges. It is not only about understanding investments or creating budgets. It is about gaining clarity and making informed decisions based on individual goals and realities.

Many women I’ve worked with start unsure of their financial knowledge. Over time, with consistent learning and guidance, they become more confident and better equipped to manage their finances. They ask more questions, review their options more closely, and approach planning with greater focus.

Financial literacy does not close the gap, but it helps address the consequences. It supports better decision-making, especially in areas where women have historically had less access or visibility.

The financial system is complex, but access to knowledge can make a difference. Building financial skills is not about reaching perfection. It is about staying engaged and informed in a way that supports your own long-term stabilityTogether, we can work to keep you on-track toward your financial goals. Request a consultation to learn more.
 

Read more articles by Asta Muldoon