FINANCIAL LITERACY FOR WOMEN

LADIES LAST!
Presentation by Brennan Haskins
OBJECTIVES
define financial literacy for women
identify what women really need

-understand financial challenges unique to women

-identify possible solutions through education and social awareness
 FINAN C I A L L I T ERACY IS:
the knowledge that is necessary to make financially responsible decisions that
are integral to our everyday lives

the ability to understand how money works in the world: how someone manages
to earn or make it, how that person manages it, how he/she invests it (turn it into
more) and how that person donates it to help others
 Why is this important?
top reason students give for dropping out of college is financial constraints
young adults underestimate the length of time it would take to pay off a credit card balance
more than half of all college students have accumulated over $5,000 in credit card debt while in school
regardless of income, 70% of US citizens are living “paycheck to paycheck”
a Gallup poll found only about 1/3 of Americans (32%) maintain a household budget
nearly 19% of Americans have nothing set aside to cover an  unexpected emergency
the average 2016 graduate left school with over $37,000 in total debt
 
FINAN C I A L L I T ERACY IS A SERIOUS ISSUE
FACI N G W O M E N IN THE UNITE D STATES
women earn less over a lifetime
women spend more than 11–13 years out of work
women save and invest little, if any
women acquire same or higher debts
women end up divorced (50%)
women live longer (5–7 years)
women end up with little if any “nest egg”
COLLEGE GRADS & DEBT

T O T AL U.S. S T U D E N T A V E RAGE LO A N F O R W O M EN CO L L E G E
L O A NS: $1.3 T R I L L I O N C O L LEGE GR A D U A T E G R A DUATES A R E
= $ 2 7,000 C A R RYING 6 0 % O F
S T U DENT DE B T S
 CREDIT CARD DEBT

T O T AL U.S. C R E D I T C A RD A V E RAGE CR E D I T 6 0 % OF PEO P L E

D E B T: $1 TRI L L I O N C A R D DEBT = $ 5 , 6 0 0 C A R RYING A C R E D I T
C A R D BALAN C E A R E
W O M EN
WOME N ' S E A R NINGS
WOME N ' S E A R NINGS
 The Lost Years
women spend, on average, 13 years out of work
-maternity and family reasons
-care of elderly

-effect on retirement
-effect on Social Security
-effect on savings and investing 
LADI E ' S L A S T !
earns .83 cents
work an average of 27 years  
the average woman can expect to live to 80.1 years old 
the median income for retired women was $12,080 
60% of U.S. college  students 
38% in management positions 
women with college degree earn $35,296
women think of income as family income 
women spend small amount of money on many little things – clothes, shoes, beauty supplies,
children’s needs, daily home expenses
women see themselves as savers

earns $1.00
work an average of 40 years
the average man can expect to live to 74.8 years old
the median income for retired men was $21,102
40% of U.S. college students
55% in management positions 
men with college degree earn $42,918
men think of income as men’s income 
men spend large amount of money on big-item things – boats, hobbies, cars, houses; men tend to depend on
women to take care of daily money matters
men see themselves as investors 
WHAT CAN
YOU DO?
 EDUCATION
SET SMART GOALS
EMERGENCY FUND
NEEDS VS. WANTS
PUT YOUR NAME ON IT

RESEARCH YOUR MARKETPLACE

LOOK AT YOUR ATTITUDE TOWARDS $$$

TAKE A LOOK AT
YOUR LIFESTYLE
• W H AT TYPE O F H O U S E D O Y O U W A N T T O L I V E IN?
•WHERE DO YOU WANT TO LIVE?
• W H AT KIND O F A C A R E E R D O Y O U W A N T ?
• H O W MUCH D O Y O U N E E D T O E A R N T O L I V E THERE?
• W H AT TYPE O F P E O P L E D O Y O U W A N T T O W O RK WITH?
 G E T INSPIRED

Top Financial Mistakes

Women Make

A D V OCATE F O R W O M E N
thank you!
BRENNAN HASKINS
BSW, M.E.d
Western Carolina University
bnhaskins@wcu.edu
Resoures:
D r . Rizk, Mo n e y c o u n t s : A F i n a n c i a l L i t e r a c y S e r ies
U S B ureau of L a b o r S t a t is t i c s
s t u dentloans . g o v
s t u dentaid.e d . g o v
usdebtclock.org