{"id":3537,"date":"2025-04-02T08:58:52","date_gmt":"2025-04-02T13:58:52","guid":{"rendered":"https:\/\/www.connerash.com\/blog\/?p=3537"},"modified":"2025-06-26T09:06:16","modified_gmt":"2025-06-26T14:06:16","slug":"misconceptions-holding-young-women-back","status":"publish","type":"post","link":"https:\/\/www.connerash.com\/blog\/misconceptions-holding-young-women-back\/","title":{"rendered":"Misconceptions Holding Young Women Back"},"content":{"rendered":"
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Despite inroads working women have made in recent years, according to the American Association of University Women (AAUW), on average, they still earn 16% less than men \u2014 84 cents for every $1 a male counterpart earns. The gap is wider for working mothers. A report from the National Women’s Law Center found year-round, full-time working mothers are typically paid 71 cents for every dollar paid to year-round working fathers. What’s at work here? For many young women, it can be these financial misconceptions.<\/p>\n\n\n\n

I’M TOO YOUNG TO SAVE FOR RETIREMENT<\/h3>\n\n\n\n

Retirement savings may be a low priority at the beginning of a career. But it’s never too early to take advantage of the power of time and compound interest. Open an Individual Retirement Account or join your employer-sponsored retirement savings plan. If your employer matches contributions, contribute at least the match amount to maximize your savings.<\/p>\n\n\n\n

I DON’T HAVE ENOUGH MONEY TO INVEST<\/h3>\n\n\n\n

No amount is too small to start a regular investment program. Creating a relationship with a financial professional now can help you find suitable investments based on your financial situation and give you a foothold in future success. Take this opportunity to financially plot a plan for life events such as unexpected emergencies, buying a home, or starting a family.<\/p>\n\n\n\n

DEBT IS BAD<\/h3>\n\n\n\n

Paying credit card bills in full when due avoids interest and allows you to build credit. A good credit score can lead to better interest rates on mortgages, car loans, etc.<\/p>\n\n\n\n

Personal finance can be complex and present unique challenges, especially for women.

Talking with a financial professional can help you navigate these challenges.<\/p>\n\n\n\n

Statistics from AAUW show that gender-based financial barriers can set a 20-year-old woman starting full-time employment today back $462,000 in income over a 40-year career compared to a similarly situated man.<\/h4>\n","protected":false},"excerpt":{"rendered":"

Despite inroads working women have made in recent years, according to the American Association of University Women (AAUW), on average, they still earn 16% less than men \u2014 84 cents for every $1 a male counterpart earns. The gap is wider for working mothers. A report from the National Women’s Law Center found year-round, full-time … <\/p>\n

Continue reading “Misconceptions Holding Young Women Back”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[359,39],"tags":[],"class_list":["post-3537","post","type-post","status-publish","format-standard","hentry","category-income-gap","category-newletters"],"yoast_head":"\nMisconceptions Holding Young Women Back - Conner Ash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.connerash.com\/blog\/misconceptions-holding-young-women-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misconceptions Holding Young Women Back - Conner Ash\" \/>\n<meta property=\"og:description\" content=\"Despite inroads working women have made in recent years, according to the American Association of University Women (AAUW), on average, they still earn 16% less than men \u2014 84 cents for every $1 a male counterpart earns. 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