4.8 • 3.6K Ratings
🗓️ 27 January 2025
⏱️ 6 minutes
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0:00.0 | A survey of more than 2,000 affluent individuals found that women are slated to become wealthier |
0:12.9 | than they have ever been. So interesting. And a big factor of this includes the great |
0:19.7 | wealth transfer that is on its way. So today, we're going to |
0:23.1 | talk all through this. But before we get started, make sure to subscribe and share this episode |
0:27.7 | with a friend. All right, like anything in personal finance, in order to know where we're going |
0:33.0 | with our money, we need to know where we've been. So ladies and gentlemen, but mostly ladies, |
0:38.7 | we have made some financial progress, you know, especially when it came to our parents' generation, |
0:43.6 | our grandparents' generation. Like, it's pretty wild. So look at this. A couple of great wins in |
0:48.4 | the last hundred years. In 1938, minimum wage was established, which reduced the pay gap between men and women's hourly |
0:57.4 | jobs. |
0:59.3 | 1960s is when women had the right to open up their own bank account. |
1:03.5 | Isn't that crazy? |
1:04.8 | Since the 60s. |
1:06.4 | And in 1974, the Equal Credit Opportunity Act allowed women to open up their own lines of credit. So isn't |
1:12.8 | that crazy that women couldn't get credit cards before? 1974 in their own name, like it's just wild. |
1:17.6 | Now, I'm not a fan of credit cards, but what this also did was allowed women to own their own |
1:21.9 | homes, which was amazing. And speaking of homes, in 2022, single women owned more homes than single men, according to Pew Research, which is just crazy, y'all. |
1:32.8 | I mean, ladies, home ownership, well done. Single deeds out there. It's attractive when you own a home. |
1:37.3 | Let's just say that too, okay? You're responsible or something about it. That's great. |
1:41.2 | But this idea that women, yeah, are stepping into the personal finance space and |
1:44.6 | really doing something for themselves, it's absolutely incredible. And again, women are taking more |
1:49.0 | ownership than ever before when it comes to their finances. But 63% of women still say that |
... |
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