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The Rachel Cruze Show

Are Women Becoming Wealthier than Men?

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 27 January 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan   Did you know women are now becoming wealthier than ever before? In this episode, find out the real reason why, plus seven basics everyone needs to know for managing their money and building wealth.   Next Steps:  💵 Start your free budget today. Download the EveryDollar app! 🎥 Watch my video What Everybody Gets Wrong About Generational Wealth.  💵 Start investing in your future with a Smartvestor Pro!   Connect With Our Sponsors:  🏥 Learn more about Christian Healthcare Ministries.  🔒 Get 20% off when you join DeleteMe.   Listen to More From Ramsey Network:  🍸 Smart Money Happy Hour  🎙️ The Ramsey Show  💸 The Ramsey Show Highlights  🧠 The Dr. John Delony Show  💰 George Kamel  🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership    Ramsey Solutions Privacy Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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