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Learning About Personal Finance as a Woman of Color

The gender pay gap is real. On average, women earn 82 cents to every man's dollar. But for women of color, it's even worse.

09.26.22
Learning About Personal Finance as a Woman of Color (Photo: Kenny Eliason via Unsplash)

Finance was something I never thought I’d learn. But now that I’m older, I realize how important it is to have this knowledge, especially as a woman of color.

I’m almost an adult now. And by the time high school ends, I want to know how to pay taxes or negotiate a salary. 

So I decided to learn how to handle my finances. That’s when I learned about the gender wage gap. On average, women earn 82 cents to every man’s dollar. For women of color, it’s even worse.

Knowing that pushed me to read up on more topics like how to save money or build up my credit score. I started talking to financial advisors — who are also women who can relate to me and my concerns. Together, it feels like building a community of women pushing against the wage gap to fight for a fairer future.

While I understand that the gender wage gap is a systemic issue — a problem that won’t be solved by one person alone. Educating myself on financial literacy makes me feel empowered because I’m gaining key knowledge I’ll need in life.

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