Insights from Laurel Road Survey: Why Women Feel Behind on Financial Goals in 2024
Friday, 12 April 2024, 09:30
Why Women Feel Behind on Financial Goals
Women encounter additional barriers in achieving financial wellness, including the gender pay gap and workplace inequalities. A Laurel Road survey in 2024 highlights the growing financial stress among women.
Key Findings:
- Retirement Savings: 38% of women feel behind on retirement savings due to the gender pay gap and wealth disparities.
- Credit Card Debt: Nearly 30% of women struggle with credit card debt repayment, emphasizing the importance of debt management.
- Pay Raise Confidence: Women exhibit lower confidence in negotiating pay raises and promotions compared to men, reflecting gender bias in the workplace.
Despite these challenges, women can leverage their investing skills and capitalize on potential promotions in 2024 to enhance their financial prospects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.