Low-income women and women of color don’t often have access to financial education nor do they have the privilege of having a financial advisor. This article discusses the work of financial coach and teacher Saundra Davis, who recently taught a Zoom series for the California Women Rising organization. The series, entitled Making Your Money Work for You, worked to break down concepts, such as life insurance investments, and help women recognize their personal power within a system that is oppressive.
“Women generally have less financial knowledge than men. They also are more likely than men to give up their jobs to care for a relative; they earn less; and they live longer than men.
An American College of Financial Services study found that among people ages 60 to 75, 35% of men, but only 18% of women, passed a quiz on retirement income literacy. “