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Yahoo
12-05-2025
- Business
- Yahoo
3 Reasons Women Are Less Confident About Money — And Why That Matters
When it comes to money, women are feeling the pressure. Financial stress among women is widespread, deepening and rooted in systemic barriers that go beyond individual choices. Women are more likely to earn less, while at the same time shouldering greater caregiving burdens. It's no wonder confidence is low. Try This: Read Next: According to a recent study by Credit One Bank, 48% of women report feeling financial stress, compared to 38% of men. When confidence levels are discussed, it goes the other way, with only 39% of women feeling in control of their finances, compared to 50% of men. There's an obvious gap, and the numbers reflect entrenched financial disadvantages. Student loans hit women harder and follow them longer. According to the American Association of University Women (AAUW), women hold nearly two-thirds of the country's student debt, they graduate owing more than men and, due to the persistent gender pay gap, take roughly two years longer to pay it off. The issue compounds over time — higher debt loads combined with lower lifetime earnings means interest accumulates and financial stress grows. For You: It's 2025 and women aged 25 to 54 still earn $211 less per week than men, according to the Bureau of Labor Statistics. That means women in their prime working years are bringing in just 83.9 cents for every dollar earned by men. Lower weekly earnings translate into reduced capacity to save, invest and build long-term wealth. It affects creditworthiness, limits access to capital and puts women at a disadvantage when it comes to homeownership and entrepreneurship. Over time, the gap compounds, especially in retirement, where smaller lifetime earnings often result in lower Social Security benefits and fewer assets to draw from. Women only answered 43% of the questions correctly in the in the 2024 TIAA Institute-GFLEC Personal Finance Index, compared to 53% of men, showing lower levels of both financial literacy and retirement fluency. Financial literacy affects every decision, from budgeting and saving to borrowing and investing. Lower literacy levels can lead to lower confidence and less participation in financial planning, and leaves some women more vulnerable to poor advice. Building confidence starts with empowering women to take charge of their financial lives. Financial education needs to be more real and relatable, and employers and institutions must do more to close the pay gap and increase benefits transparency. Financial stress doesn't go away overnight, but change starts by naming the problem, addressing the root causes and pushing back against outdated norms. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early How Far $750K Plus Social Security Goes in Retirement in Every US Region 12 SUVs With the Most Reliable Engines Sources Credit One Bank, 'Trends and Factors Affecting Generational Financial Trauma.' AAUW, 'Women & Student Debt.' U.S Bureau of Labor Statistics, 'Usual Weekly Earnings of Wage and Salary Workers News Release.' GFLEC, 'The 2024 TIAA Institute-GFLEC Personal Finance Index.' This article originally appeared on 3 Reasons Women Are Less Confident About Money — And Why That Matters Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
24-04-2025
- Business
- CNBC
42% of Americans under 30 say they're 'barely getting by' financially, Harvard survey finds
Young Americans are sounding the alarm about their finances, with roughly 2 in 5 people under 30 saying they're either "struggling to make ends meet" or "getting by with limited security." That's according to a survey of 2,096 adults ages 18 to 29, conducted by Harvard's Institute of Politics between March 14 and 25, 2025. The survey found that among that age group, financial insecurity most affected women, Hispanics and those without college degrees. The likelihood of struggling financially drops for different levels of education, the survey found: It's worth noting that college graduates tend to be in a stronger position than young adults who are still in school, since they're more likely to work full-time in roles that offer higher pay. The Harvard poll's findings align closely with other recent research showing increased strain on Gen Z, generally defined as adults ages 18 to 28. In a January 2025 survey by Credit One Bank, 39% of Gen Z adults said they feel stressed about their finances, the highest of any generation. They also reported the lowest levels of confidence and control over their money. While the Harvard survey doesn't name specific causes, many young Americans may be feeling the squeeze from persistently high inflation and the resumption of student loan payments — especially those still early in their careers, when earnings tend to be lower. "It's very expensive to pay for the basics today that everyone needs — food, shelter and a mode of transportation," says John Bell, a certified financial planner in Maryland. Plus, "many young people [are] graduating with high levels of college debt," often in careers that aren't paying enough to cover their loans and the basics, he says.
Reuters
07-04-2025
- Business
- Reuters
Charleston Open to offer equal prize money from 2026
April 7 (Reuters) - The Charleston Open women's tennis tournament has committed to paying players equal prize money as compared to men's events of the same level from next year. The WTA 500 tournament made the announcement on Sunday and said its purse for the 2026 edition will be increased to match ATP 500 events, which typically offer more than $2 million in prize money. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. "We believe in fostering an environment where all athletes are recognised and rewarded for their talent and dedication," said Ben Navarro, the Charleston Open tournament owner. "Providing equal prize money in 2026 is a significant step toward creating a more inclusive, equitable future for tennis. "We're proud to take this action as part of our ongoing commitment to support fairness in sports and lead by example for the next generation." The move comes after the event, which handed out a little more than $1 million in prize money this year, extended its title partnership with Credit One Bank through 2031. The exact purse for the 2026 edition will be finalised once the prize money figures for the season are released. The women's tennis governing body had said in 2023 that its goal was to deliver equal prize money for players in single-week WTA 1000 and WTA 500 events by 2033. All four Grand Slams offer equal prize money for men and women, as do many of the other big tournaments. Emma Navarro, the American world number 11 and daughter of the Charleston event owner, was among a group of leading players who recently wrote a letter to the majors seeking improvements in prize money to ensure that they receive equal treatment.
Forbes
07-04-2025
- Sport
- Forbes
Jessica Pegula Wins Charleston Open 2025 Title, Her First On Clay
CHARLESTON, SOUTH CAROLINA - APRIL 06: Jessica Pegula of United States poses with the trophy and her ... More dog Maddie after defeating Sofia Kenin of United States during the final of the Credit One Charleston Open at Credit One Stadium on April 06, 2025 in Charleston, South Carolina. (Photo by) Top seed Jessica Pegula won her first clay-court title at the Charleston Open on Sunday after mounting a second-set comeback to beat fellow American Sofia Kenin 6-3, 7-5. Pegula, the finalist at the WTA 1000 Miami Open last month, made a strong start in the finale as she broke Kenin in the opening game before clinching the set. However, Kenin fought back in style in the second set, racing to a 5-1 lead. Just when Kenin looked set to push the contest into a decider, Pegula saved three set points and won six consecutive games to mount a terrific fightback and clinch victory. With that, Pegula sealed her second title this season, adding to the WTA 250 title she won in Austin last month. "To be able to come here this week after a long two weeks in Miami and take the title is just incredible," Pegula said after the first all-American final at the WTA 500 tournament since 1990. "I just realized how tired I was. She started to play at a high level, there were a couple of games I didn't get out of, didn't break, didn't hold,' she told Tennis Channel. 'It was super windy, super tough conditions. If you lose focus for a split second or stop moving your feet for a second, it just swings so fast. It was the same way for both of us." "In the second set, I just wanted to hold, I just wanted to tell myself to get momentum for the third, because coming into a third like that never feels good," she continued. "I knew I could break her, too. I honestly didn't think I was going to break her twice, but luckily, I could play some good tennis." Pegula has won 17 of her last 19 matches, including five victories this week. She has 25 victories for the season -- which is No. 1 on the WTA Tour. On Monday, the 31-year-old will leapfrog youngster Coco Gauff as the top-ranked U.S. player, and rise to a career-high World No. 3. "I think my perseverance won me a lot of matches this week," Pegula said. "I think, especially on the clay, I feel like you have to have kind of that grittiness and that toughness, because the serve isn't as effective. 'There's not as many free points, and I think winning a couple of tough points or a tough game can kind of turn the momentum of a set or a match, and I felt like I was able to do that multiple times this week. On Sunday, the Charleston Open also extended its title partnership with Credit One Bank through 2031 and committed to providing equal prize money to male and female players starting in 2026. With this move, the Credit One Charleston Open, North America's largest women's-only professional tennis tournament, becomes the first standalone WTA 500 tournament to voluntarily increase prize money prior to the 2033 deadline for all single-week WTA 1000 and 500 events to reward equal prize money. This means the 2026 purse will jump from $1.15 million to over $2 million to match ATP 500 standards.
Washington Post
06-04-2025
- Business
- Washington Post
Charleston Open will pay women same as men starting in 2026 with bank extending rights deal
CHARLESTON, S.C. — The Charleston Open is keeping Credit One Bank as its title partner through 2031 along with the tennis tournament paying equal prize money to women and men starting in 2026. Credit One Bank announced the rights extension Sunday on the final day of this year's event. Prize money for the WTA-500 level event will be the same as the men's ATP-500 level event. That will make the Charleston Open the first standalone WTA 500 tournament to hike prize money before the 2033 goal for all weeklong WTA 1000 and 500 events to pay the same prize money to women as for men.
