Women’s Equality Day: How Women (and Men) Can Continue to Strive for Financial Equality
By Destiny White
All genders deserve an equal spot at the table, and this is especially true for financial equality. Unfortunately, women have faced disproportionate financial opportunities in comparison to men.
In this week’s #CreditChat, in honor of Women’s Equality Day, we brought awareness to the financial challenges that women in particular face.
It is important for women to advocate for themselves and their worth in the workplace. A study from “Women Don’t Ask” says that 20 percent of adult women say they never negotiate at all, even though they realize the importance of negotiation. Men negotiate four times as often as women.
Another study shows that women who consistently negotiate earn at least $1 million more in their lifetime compared to those who do not. Check out these negotiation tips for women to learn to remain competitive in the workplace.
Adding to the issue of the percentage of women who don’t negotiate, the COVID-19 pandemic has drastically affected women and girls in the workforce.
We are living in difficult times, and there are resources available for women to thrive financially.
Experian has different resources available to empower women financially. Check out this episode of our Level Up leadership podcast about pursuing gender balance, and Experian’s Inclusion Forward program, which is aimed to close the financial wealth gap and create more financial opportunities for those in need.
Additionally, Experian has partnered with Black Girl Ventures, which serves to increase awareness and support of Black and brown women of color entrepreneurs with businesses related to financial wellness and wealth building.
Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on Twitter and all are welcome to participate. DM us any questions.
This week, we discussed financial challenges women face and resources to help in honor of Women’s Equality Day this year.
Topic: Women’s Equality Day: How Women (and Men) Can Continue to Strive for Financial Equality
When: Wednesday, August 25, 2021 at 3 p.m. ET.
Where: Join the live hashtag discussion.
This panel included: Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Beverly Harzog: Credit Card Expert and Consumer Finance Analyst for U.S. News; Paulina Likos: Investing Reporter at U.S. News; Jennifer White: Consumer Education and Advocacy Expert at Experian; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian and Christina Roman: Consumer Education and Advocacy Manager at Experian.
Questions Discussed:
- What does financial equality mean to you?
- What are some barriers to financial equality that are specific to women?
- What financial resources are available to help women build wealth?
- How do we ensure financial equity for women who have left the workforce and are coming back?
- How can men help women balance work and parenting?
- How can men help promote women in the workplace?
- How do women advocate for equitable treatment in the workplace?
- What are some work trends emerging from the pandemic that can help to promote equity for women in the workplace?
- What are some tips for women who strive to be entrepreneurs?
- What are some resources women can turn to if they are struggling to make ends meet in their current situation?
Check out our complete list of upcoming personal finance Twitter chats here.