Does it cost more to be a woman? #infographic

by Guest Contributor on January 31, 2013

The following is a guest post from community member and recent guest expert Sally Falkow.

Women and financial literacyThere has been a lot of attention on women and financial literacy recently. Stats from a few different surveys show that:

1. women earn less than men

2. we get charged higher interest rates

3. we pay more late fees than men do

A new infographic from David Lerner Associates lays out just how much it costs to be a woman and what we can do about it.

From the original article where the infographic on the cost of being female was released earlier this month:

According to the U.S. Census Bureau, women still tend to lag behind men when it comes to compensation. Women today earn an average of 77 cents for every dollar earned by a man, reports the Census Bureau—resulting in an annual salary difference of more than $11,000.

In addition, women pay a half-point higher interest rate on credit cards than men do, according to the FINRA study. “Over a lifetime, this could add up to thousands of more dollars spent by women in interest charges than is spent by men,” says David Lerner Associates Senior Vice President Christina Nash.

The article goes on to describe how higher financial literacy in women can close the gap between the genders in areas like credit card management. You can read their entire series on women and financial literacy at their site.

Sally Falkow,  is President and co-developer of PressFeed, a social media newsroom platform. Sally is a 30 year public relations professional and one of the earliest PR professionals to embrace blogging. In 2009, she was awarded PR Trainer of the Year for her social media classes, and her AdAge 150 blog, the Proactive Report, was one of the first PR blogs in existence.

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