of median hourly earnings of full- and part-time workers found that in 2020, women earned 84 percent of what men earned. That’s better but still not equal.“Preexisting gender gaps have amplified the crisis asymmetrically between men and women, even as women have been at the front lines of managing the crisis as essential workers,” according to the World Economic Forum’s Global Gender Gap Report for 2021.
Jayda Mitchell, 20, who lives in New Orleans and serves in the Coast Guard, understands the compounding power of investing at such a young age. She’s already contributing 10 percent of her pay to her retirement account . She also has a Roth IRA.Incredulous at such an ambitious goal, I asked Mitchell why that target.
“On a very regular basis, we’re talking to thousands of women,” Kapusta said. “For women of generations, one of the top stressors is money. The pandemic hits and that stress just explodes. With that being said, what we saw is a strong interest in doing more with their money.”Your budget has to have room for the extraordinary. If you live in a high-cost area, your housing costs could very well take up 50 percent of your net pay.
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