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