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5 Ways Women Handle Their Money Differently: They Care
Women-led households share many financial goals with their men-led counterparts but emphasize caregiving-related areas
If you want to know someone’s priorities, don’t ask them for their priorities.
Even if they’re honest, they’re probably deluding themselves.
No. If you want the real answer, ask where their money goes.
The answer to that, through financial focus areas, was one of several fascinating topics covered by a recent report from the Certified Financial Planner (CFP) Board, titled, “Building Wealth: Insights on Women’s Aspirations & Growing Financial Power.”
The report concentrates on women, stating that they are now more likely to lead or equally share financial leadership with their spouse or partner.
In addition, their labor force participation rate increased to 57.3% in 2024, compared to its 43% level 55 years ago, in 1969. In parallel, men’s labor force participation dropped from nearly 80% to just under 68%. This reduced the inequality in labor participation from about 37% to under 11%.
Interestingly, far more women than men now attain a bachelor’s degree by age 34 — 47% vs. 37%. This compares to an equal…
