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Women and Wealth: Tips for Financial Success Thumbnail

Women and Wealth: Tips for Financial Success

Saving money and growing wealth are challenging enough for many Americans, yet women face unique hurdles in the process. Women often report lower risk tolerance, resulting from the gender wage gap and societal stigmas around finances. To overcome these barriers, consider these tips while working to increase your wealth. If you have a spouse, review financial statements together to improve financial literacy and reduce anxiety. If risk aversion holds you back, consider a diversified portfolio that protects you amid market volatility. If the gender pay gap has you earning less than your male counterparts, don’t be afraid to advocate for a raise and secure fairer pay. While women undoubtedly face undue obstacles in the pursuit of wealth, consider the path to exceed those boundaries, and start towards long-term success.

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