EL SEGUNDO, CA (PRWEB) March 11, 2013
Even though it's 2013, women are often still considered second-class citizens in terms of financial issues. Personal finance site, GoBankingRates.com, recently investigates how the banking industry is addressing this problem and identifies the best banks for women.
Last summer, the Washington Post reported that for every dollar men earn, full-time working women earn an average of just 77 cents, resulting in a lifetime wage gap of $431,000. On the other hand, women are faced with the hurdle of having to save for an extra six years of retirement as opposed to men, due to their longer life expectancy, according to women's personal finance site, LearnVest.com.
There is a clear and strong need for more financial support for women, and GoBankingRates finds that there are institutions worldwide that recognize this need and have developed programs and services to address it.
GoBankingRates managing editor, Casey Bond, explains, "When it comes to financial issues, it may be more difficult for women to get the assistance they need — but that’s not to say it doesn’t exist."
She adds, "Like every other challenge women face, it’s up to us to seek out help, take advantage of the resources that exist and empower ourselves to take full control of our financial lives."
For questions about this report or to schedule an interview with a Go Banking Rates editor, please use the contact information below.
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
Jaime Catmull, Director of Public Relations
The Washington Post, Women earn 91 cents for every dollar men earn, June 5, 2012.
LearnVest, Why Retirement Is Harder for Women, February 22, 2012.
JodiWomack via Flickr