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Women and Money
June 5th, 2014 by Xarah

As a woman, are you financially educated?

Do you have, earn your own money?

This article teaches you some statistics about women and money. In which category do you fall? Ask yourself now. Read below.

divorce-stats

I usually don’t like statistics because they are mostly confusing for me, with lots of numbers. And they say only the one who makes the statistics trusts them (or something like that).

In Kim Kiyosaki’s book „Rich Woman“ she mentions on two pages the following statistics which I’d like to share with you because they are scary.

If you are a man, a husband, read them and imagine what could happen to your wife when you are not there anymore. Do you want that to happen to her?

If you are a woman, imagine what would happen when your husband is not there anymore.

If you are a younger woman, in love and thinking marriage is a safe heaven (not condemning marriage, it’s totally up to you *s*) you need to keep these statistics in mind. Talk to your mom about it.

So here it goes:

The statistics about women and money are very startling. The following are US statistics, yet I (Kim) find that for other countries throughout the world these statistics are either very similar or are trending in the same direction.
In the USA:
  • 47% of women over the age of 50 are single. (This means they are financially responsible for themselves.)
  • Women’s retirement income is less than that of men because a woman is away from the work force an average off 14.7 years as compared to 1.6 years for men. (Women are typically the primary caretaker of the home.) This, along with lower salaries, adds up to retirement benefits that are only about 1/4 of those of men. (National Center for Women and Retirement Research – NCWRR).
  • 50% of marriages end in divorce.
  • (And who typically ends up with the children? The woman. So now she is solely financially responsible for herself – and her children.)
  • (And what is the #1 subject couples fight about? Money.)
  • In the first year after a divorce a woman’s standard of living drops an average of 73%.
  • As of 2000, women are expected to live an average of 7 to 10 years longer than men, (Ann Letteeresee June 12, 2000), which means they must provide for those extra years.
  • However, married baby boomer women can expect to outlive their husbands by 15 to 20 years on average.
  • The average female born between 1948 and 1964 may likely remain in the workforce until at least 74 years of age due to inadequate financial savings and pension coverage. (National Center for Women and Retirement Research, 1996)
  • Of the elderly living in poverty:
    – 3 out of 4 are women (Morningstar Fund Investor)
    – 80% oft he women were not poor when their husbands were alive
  • Approximately 7 out 10 women will at some time live in poverty.
What are these statistics telling us? They tell us that more and more women, especially as they become older, are not educated or prepared to take care of themselves financially. We’ve spent our entire lives taking care of our families but have no ability to care for ourselves in this vital way. We are either depending upon someone else to do it for us – a husband or partner, a boss, a family member, or the government. Or we just figure that it will all work out. The fairy tales we grew up with were just that.
Three final statistics to consider:
  1. 90% of all women will have sole responsibility for their finances within their lifetimes… yet 79% of all women have not planned for this.
  2. 58% of female baby boomers have less than $10,000 in retirement.
  3. It’s estimated that only 20% of baby boomer women will be financially secure in their retirement. (MS Magazine, 2002)
    (This means that 80% of us will not be. However, the fact that you are reading this [book] article says that you’re leaning toward that 20%. Ideally as more women get on board with investing, building a business, taking care of their financial education that 20% will increase significantly.)

Did those statistics scare you?

They scare me. I didn’t know it was that bad. Of course I know women don’t earn as much as men (even if it’s in our law books written).

I had a chat the other week with a mid 30 woman. She’s building a traditional MLM business because she realized she’s fully dependent on her husband and doesn’t even know how much money he has saved or is earning. When I asked her if she’d dare to ask him, she said no.

Not only does she want to provide to her family income, she wants to make sure – what ever happens – her family, her 3 kids are financially taken care of.

At the same time she wonders why her sandbox-mother friends are not interested in joining her in her business.

My guess is they have not wondered about their financial situation yet. They are not educating themselves about money and finances. Maybe one day they will and she’ll be there to help them.

Preventing Senior Poverty

For now, my question to you is: are you?

  • worried about your financial future?
  • educating yourself about money?
  • building an income besides of your husband?

I highly recommend you read Kim’s book „Rich Woman“ and of course read her husbands books, start with „Rich Dad Poor Dad“, a classic book, and a best seller.

And I urjoin-now-button-empowernetworkge you to start right now to create your own income.

You can start with as little as $25. And I’ll help you get started.

You simply don’t want to be one of those women whose lifestyle crumbles just because they get divorced or widowed.

Click here. And put in your best email address.
Watch the video right away and then click the button.
Fill out the form and login.

I will be in touch with you asap and your financial future will look so much brighter.

Just like that?

No, of course not. You will have some things to learn. You didn’t walk right away. You didn’t read right away. You didn’t ride a bike right away. Right?

The good news is you can learn this, it’s not that hard and less painful than falling off a bike. It’s all about education. And you can teach your children in order for them to also not fall into the trap.

And you already got a computer which is already a good start 🙂

Click here now. Let’s change the statistics. Let’s increase those 20%. Let’s help as many women as we can all over the world.

To a new prosperous YOU.

Xarah

Having fun while building a business

Having fun while building a business

Get in touch with me: www.facebook.com/xarah.dax

 


7 Responses  
  • Linda Basta writes:
    June 11th, 201411:19 pmat

    Great post.
    I can relate. There is also the unexpectant illness issue for both spouses
    I’ll be reading again. and sharing with others.

    Thanks

    Linda
    skype— lindabasta

  • Niall writes:
    June 7th, 20141:16 amat

    Hello! Someone in my Myspace group shared this website with us so I came to give it a look.
    I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers!
    Great blog and amazing style and design.

    • Xarah writes:
      June 7th, 20148:55 amat

      Hey Niall, thank you! I have not been on Myspace for ages! Thanks for taking a look. Your blog is also wonderful. Nice tip on ranking your videos.

  • Julie writes:
    June 6th, 201411:49 pmat

    Woah! I’m really digging the template/theme of this blog.
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    Excellent Blog!

    • Xarah writes:
      June 7th, 20148:51 amat

      Thanks, I like it too. It’s kinda old. I know I should change it. But I simply like it. It’s certainly different 🙂

  • Susan Boston writes:
    June 5th, 20146:11 pmat

    Xarah,

    This is a wonderful post. You know, I for many years never really thought about it. I mean we were young right? So, the thought was not one foremost in my mind until one of our friends pasted away at a reasonably young age.

    This event really got me thinking especially since I have not even worked out int he public for many years.

    This post will (I hope) get many more women thinking about something that none of us want to think about but that all of us need to.

    Thank you,
    Susan

    • Xarah writes:
      June 5th, 20146:41 pmat

      Thank you Susan, exactly. Changing the world 🙂


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