The Gender Wealth Gap and What to Do About It (Part 2 of 2)

The gender wealth gap demonstrates how much change is still needed in today's business world. This topic is not discussed as frequently as the gender wage gap, but there is a direct correlation between the two. Building on foundational issues raised in our Gender Wage Gap podcast, the gender wealth gap is becoming more of a challenge for women. Listen today to hear Mary Beth Storjohann and Neela Hummel discuss some staggering statistics around the gender wealth gap and what we can do to make a positive impact for change. For additional resources, information, and a full transcript of the episode, visit our website. What You'll Learn in this Episode: Defining the gender wage gap and gender wealth gap Statistics proving the wage gap is still real and how it impacts the wealth gap Eye-opening statistics on the gender wealth gap Defining the gender investment gap Are women more risk averse or is there another explanation? The underrepresentation of women in the financial industry How this information impacts the gender debt gap How the Equal Opportunity Credit Act of 1974 has tried to make a difference Why the gender wealth gap is more important than the gender pay gap How everyone can help make a systemic change How men can make an impact to create change in the gender wealth gap The impact men can provide through sponsorship versus mentorship The actions women and non-binary people can do to create systemic change Why you should fight for more seats instead of being the 'queen bee' Why a world with no wealth gap is a better place Resources Mentioned on the Show: What's the Gender Wealth Gap, and How Can We Close It? Asset Funders Network: Women and Wealth Gender Wealth Gap: Families Headed by Women Have Lower Wealth CFP Professionals' Diversity Grows, But Lags U.S. Demographics 15 US States Where Women Pay Much More than Men for Mortgages State of Small Business Lending: Spotlight on Women Entrepreneurs The 'Pink Tax': How Gender-Based Pricing Discrimination Undermines Women Economic Opportunity and What to Do About It The pink Tax: Latest Updates and Statistics Women are Still Getting a Terrible Deal but Maybe There's Hope All the unpaid labor women did during the COVID recession might have saved us from an economic crisis The Weekly Gender Wage Gap By Race and Ethnicity: 2020 The Gender Gap in Bank Credit Access Abacus Academy Additional Resources: The Top 5 Traits That Make Women Awesome Investors A Woman's Guide to Growing Wealth in Your 40s, 50s, and 60s The Smart Woman's Guide to Philanthropy: How to Really Make a Difference How to Negotiate Your Salary Like a Pro Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn   See important disclosure information.