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Y1 is NYC Time Warner Cable's 24-hour news channel 1. In a recent debate between five Manhattan
candidates for Congress, including the 42-year incumbent, Charles
Rangel, the female candidate asked a question of another candidate about
women. It brought up the fact that women
are still paid $0.75 for every $1 earned by a man.
It's 2012?!
What is this?! Why?!
Consider the following:
- Women now make up:
- 51% of the population
- 2/3 of the workforce
- 60% of college students
- Growing ranks of legal, medical & accounting professions, and then some
- Women control $14 trillion of personal wealth
- Women are more interested in achieving goals, than becoming rich
- 77% feel more knowledgeable than five years ago
- 72% maintain a private checking account inaccessible by the man in her life
- Women are not credited with managing household investments, and bill-paying
- 26% become interested in investing due to a life event such as childbirth, divorce, or death of a spouse
- 28% support an adult child
- 27% financially support parents
- 81% think that they’ll live to be 80 or more
- 37% think they’ll spend part of their retirement in a nursing home
- 54% of married women consider health a financial risk
- 36% consider death of a spouse to be a major risk
- 38% employ a financial advisor (54% for affluent women)
- Women are eager to find an adviser but are unhappy with the services, and products offered
- 50%+ feel patronized by financial advisors, especially as compared to male clients
- Women want a variety of services from their adviser
- Women are loyal, and make referrals
