3.2 | Why I care so deeply about financial literacy, especially for women
Not only for the ladies out there: this is what you need to know about financing costs - especially because there’s so much other stuff that you could do with your money than give it to a bank!
Happy (week of) International Women’s Day, y’all! Hoping that all of you lovely subscribers not only celebrate the achievements of women and the progress made toward women’s rights this week … But that you also took a hot minute to think about how much more needs to happen til Women’s Day can be forgotten altogether, simply because we have truly achieved equality around the world. A girl can dream I guess … Honestly, I am all up in my feelings over here because I so wholeheartedly believe that financial literacy (for women especially) is such an important stepping stone in creating a more equitable world. The good news? It’s not all doom and gloom (yay!) as more single ladies are becoming homeowners for example. This group started outpacing single men in home ownership for the first time in the 1990 and now also outnumbers men in the categories of first-time home buyers as well as repeat home buyers. Also, twice as many millennial women compared to men plan to own homes (now I only need to find them and get them to subscribe). But, of course, Women’s Day is very necessary because we are far from being treated equally, yes, even when it comes to property purchases: Women pay higher interest rates on mortgages than men — an average of 0.4 percent, according to a 2011 study by the Journal of Real Estate Finance and Economics. I am shaking my fist angrily.