Great article in the New York Times today, Financial Advice By Women for Women.
“Women live longer, earn less and take more breaks from the workplace to care for children and elderly parents. And though studies show that women tend to save a slightly higher percentage of their paychecks then men, they ultimately end up with smaller balances because of their lower earnings.”
Does that mean women need specially tailored financial advice?”
My answer would be yes – especially for mothers – because as the article points out, there tends to be a “gap in financial literacy between women and men” at all ages, and motherhood in particular often leads to employment decisions that compromise earnings.
The article includes links to multiple online resources and recommended books to help women close that gap. You can find even more at my Remodeling Tools webpage.