1. MoneyCounts: A Financial Literacy Series
For Women
11-A Grange Building
University Park, PA 16802
financialliteracy.psu.edu

2. Description
Women have made the remarkable strides over time to become the most powerful consumers and gain social and professional positions
However, they still experience too many demands on their time and money; Hence, they are constantly juggling priorities at home and at work, all while maintaining social lives
They shape the future of the nation, but many pay little attention to combating their personal financial challenges through life and into retirement

3. Learning Outcome Understand the financial challenges for women
Learn effective budgeting strategies
Understand debt management principles
Explore vehicles of saving and investing

4. Being a woman!

5. One out of seven!

7. College graduates and debts

8. Student Loans Total U.S. student loans: $1.5(T)
Average loan for college graduate = $35,000
Women college graduates are carrying 60% of student debts
Average loan monthly payment is between 8–20% of women’s net income
DOE (2016)

10. Ethnicity pay gap among women!
Who earns more?
White
African American
Asian
Hispanic
Answer

12. Financial challenges specific to women

13. Impact of pay gap on earnings over time!
First job
40 years later
$40,000
$48,800
$663,531
*3% merit raise each year

14. Super women!
Same debts, lower income, higher ratio of debt!

15. Missteps women take

16. Strategies

17. Balancing the budget Monthly Expenditures of NEEDS and WANTS
Net Monthly Income (no debts)
Saving
Monthly Expenditures of NEEDS and WANTS

18. 20/10 Rule

19. What can women do collectively?

20. To have access to higher-paying jobs and support to raise a family
To receive the pay they deserve for equal work opportunities and conditions
To have access to higher-paying jobs and support to raise a family
To receive adequate and affordable child and elderly care and remain in the workforce
To have access to quality flexible work schedules and paid family leave
To receive support through expanded tax credits to meet the cost of raising a family
To strengthen social security benefits for women as an added protection for retirement
To receive affordable and quality health insurance as they exit the workforce

21. MoneyCounts: A Financial Literacy Series
Comments and questions
11A Grange Building
University Park, PA 16802
financialliteracy.psu.edu