The Gender Wealth Gap and What to Do About It (Part 2 of 2)

The gender wealth gap demonstrates how much change is still needed in today's business world. This topic is not discussed as frequently as the gender wage gap, but there is a direct correlation between the two. Building on foundational issues raised in our Gender Wage Gap podcast, the gender wealth gap is becoming more of a challenge for women. Listen today to hear Mary Beth Storjohann and Neela Hummel discuss some staggering statistics around the gender wealth gap and what we can do to make a positive impact for change.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in this Episode:

• Defining the gender wage gap and gender wealth gap
• Statistics proving the wage gap is still real and how it impacts the wealth gap
• Eye-opening statistics on the gender wealth gap
• Defining the gender investment gap
• Are women more risk averse or is there another explanation?
• The underrepresentation of women in the financial industry
• How this information impacts the gender debt gap
• How the Equal Opportunity Credit Act of 1974 has tried to make a difference
• Why the gender wealth gap is more important than the gender pay gap
• How everyone can help make a systemic change
• How men can make an impact to create change in the gender wealth gap
• The impact men can provide through sponsorship versus mentorship
• The actions women and non-binary people can do to create systemic change
• Why you should fight for more seats instead of being the 'queen bee'
• Why a world with no wealth gap is a better place

Resources Mentioned on the Show:

• What's the Gender Wealth Gap, and How Can We Close It?
• Asset Funders Network: Women and Wealth
• Gender Wealth Gap: Families Headed by Women Have Lower Wealth
• CFP Professionals' Diversity Grows, But Lags U.S. Demographics
• 15 US States Where Women Pay Much More than Men for Mortgages
• State of Small Business Lending: Spotlight on Women Entrepreneurs
• The 'Pink Tax': How Gender-Based Pricing Discrimination Undermines Women Economic Opportunity and What to Do About It
• The pink Tax: Latest Updates and Statistics
• Women are Still Getting a Terrible Deal but Maybe There's Hope
• All the unpaid labor women did during the COVID recession might have saved us from an economic crisis
• The Weekly Gender Wage Gap By Race and Ethnicity: 2020
• The Gender Gap in Bank Credit Access
• Abacus Academy

Additional Resources:

• The Top 5 Traits That Make Women Awesome Investors
• A Woman's Guide to Growing Wealth in Your 40s, 50s, and 60s
• The Smart Woman's Guide to Philanthropy: How to Really Make a Difference
• How to Negotiate Your Salary Like a Pro

Stay Connected:

• Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn
• Connect with Mary Beth on Twitter, Instagram, and on LinkedIn
• Connect with Neela on Twitter, Instagram, and on LinkedIn

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