Today, gender equality is in the spotlight like never before. The #MeToo movement has encouraged countless women to share their stories about being harassed at work—myself included.
Powerful men have lost their power, while powerful women (hi, Oprah) are putting their platforms and their money into stopping workplace harassment and abuse. It’s been incredible. And it’s just the beginning.
This movement has also highlighted the importance and power of being financially stable. Get-your-hand-off-my-leg stable. Take-this-job-and-shove-it stable. Live-my-best-life stable. Have-as-much-money-as-the-guys-do stable.
Here, we have a ways to go. Maybe you’ve heard of the gender pay gap. Frustrating, right? And costly. But there are more gaps at play: Women pay more for the debt they carry than men, and they don’t invest as much as men do. As a result, women retire with two-thirds the money of men…even though we tend to live years longer. Don’t believe me? Check the gender mix at your local nursing home: 80% of women die single, and they’re also 80% more likely to be impoverished in retirement than men. Yuck.
www.time.com
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