To prepare for National Financial Planning month, I did a lot of work putting together content that would meet women where they are in their financial journey. And, because I am such a history and research nerd that meant spending a lot of time finding updated statistics about women, wealth, and money. I also love doing this research and comparing the statistics to what I see happening in my clients lives. Today I wanted to share with you (just) 10 of the 100’s of statistics I compiled about women and wealth; both the numbers we can celebrate AND the areas that need improvement. As women, we have come a long way, but these stats show that there is still so much more work to do.
1. Mothers earn $0.58 for every $1 that fathers earn (The Motley Fool)
2.A woman’s earning peaks at $66,700 v a mans that peak at $101,200 (PayScale)
3.Women owned businesses blossomed during the pandemic with 67% of women opening their own business since between 2020 and 2022 (AARP)
4.Women hold nearly 2/3 of all student loan debt in the US (AAUW.org)
5.81% of men are saving for retirement compared to 68% of women that are saving for retirement (Transamerica)
6.During retirement years women are 80% more likely to be impoverished (Ellevest)
7.When it comes to impulse shopping women actually spend LESS than men (CNBC)
8.94% of women believe that they will be personally responsible for their finances at some point in their lives (Bank of America)
9.Over the next decade American women are expected to control $30 Trillion in assets compared to the $10 Trillion the control today (McKinsey)
10.Women run companies only receive 2.7% of venture capital funding (Ellevest)
