That the COVID-19 pandemic has had a significant impact on women is undeniable. In many of the business sectors hit hardest, the majority of employees are women. Ultimately the numbers show women overrepresented, making up 83% of job losses per CNBC.
And even though many states are allowing businesses to reopen, other states are implementing or considering another lockdown. In short, there’s no telling how long this pandemic and its economic effects will last.
If you’re a woman who has lost your job or had your hours cut, explore informative resources at DoughMain Financial Literacy Foundation to ensure you’re applying your available funds in the best possible manner. And know that there are plenty of ways to make money without even leaving your home. Here are some tips to help you get going on the right track:
Due to the pandemic, many of us are facing the reality that our children are not going to be headed back to school in the Fall and instead will most likely continue with virtual learning. There are many creative and engaging ways to teach life lessons outside of the classroom, even if you are not a certified teacher! One area that is important to talk about with children at any age is finances.
The sad truth is that most children are growing up without any financial education whatsoever, whether at home or at school. Since 2016, not one U.S. state has added personal finance to the K-12 standards.(1)
This lack of financial basics is creating long-term negative effects. For example, nearly one fourth of millennials are spending more money than they earn and 67% of Gen Yers have less than 3 months’ worth of savings in emergency funds.(2)
by Robert M. Church, DoughMain Financial Literacy Foundation
Planning for Your Health
Millions of Americans are coping with stress and anxiety as they deal with the unpredictability of their personal financial situations and the future due to the economic uncertainty created by the pandemic.
At-risk populations including moderate-low income, impoverished, women and single parents are increasingly burdened with fears that include the lack of savings, job loss, inability to afford daily expenses, pay debts and their children’s future abilities to afford college. These are very real fears and their impact affects present and future generations of families.
It’s Murphy’s Law that all will go wrong that can go wrong. Without the proper insurance coverage, you risk potentially high costs in the event of an incident. To avoid you or your loved ones suffering harsh financial losses, you should get all the necessary coverage now. Let’s discuss the coverage you need and the benefits that the right insurance policies will bring to you.
Today’s Americans value diversity and inclusivity in the workplace more than ever, according to a recent survey conducted by the Pew Research Center. Moreover, 75 percent of Americans claimed it was important for companies to promote racial and ethnic diversity in the workplace, but only 24 percent wanted race and ethnicity to be considered when it came to aspects involving hiring and promotion. On the other hand, 74 percent believed that only qualifications should be considered, despite the fact that it may result in less diversity. Because of these sentiments, there are still many barriers to entry, with people being left out of the picture because of gender, race, minority backgrounds and a lack of financial literacy. Andrew Anastasio writes how gender discrimination leads to workplace and wage inequality, stemming from societal attitudes. Because of this, efforts should be made towards building more inclusive workforces across all companies, giving students hope that they will find their place in the world.