"Empowering Women: Minimizing Financial Stress and Closing the Pensions Gender Gap"

1 min read
Source: CNBC
"Empowering Women: Minimizing Financial Stress and Closing the Pensions Gender Gap"
Photo: CNBC
TL;DR Summary

Despite increasing education and representation in senior leadership, women still face a persistent gender pay gap and financial vulnerability, leading to 93% feeling stressed about money. Experts recommend building a cash reserve, with three to six months' worth of expenses, to provide financial independence and security. Creating a budget with designated percentages for essential expenses, retirement, and emergency savings, as well as seeking financial advice and utilizing employer-sponsored plans, can help women establish a strong financial roadmap and feel empowered in managing their finances.

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