The Real Issue Millennial Women Face Living Paycheck to Paycheck

Fact. 3 in every 4 US workers live paycheck to paycheck, according to a Harris Poll conducted on behalf of CareerBuilder.  It is easy to chalk it up to poor spending habits, but is that the main thing that is keeping so many people counting coins until payday?  I would dare say, no.  While poor spending habits leave you feeling… well, poor, other factors such as debt, stagnant wages, and a constant increase of living come into play when looking at the stressful reality of living paycheck to paycheck.  Yes, this is a financial issue, but for millennial women, it can also be a  feminist issue.  The Real Issue Millennial Women Face Living Paycheck to Paycheck from Millennail Money Blog, She Makes Cents

The online women’s magazine, Bustle, recently contacted She Makes Cents Founder, Danielle YB Vason, to get her thoughts on the subject.  

“The fact that 54 percent of Millennial women live paycheck-to-paycheck, according to a 2016 Wells Fargo Millennial Survey of over 1,000 U.S. adults between the ages of 22 and 35, sheds light on a perfect storm of issues and realities that young women face.  In addition to paying more due to the ‘pink tax’ on everyday items, more Millennial women are graduating college than men, which means that, along with the degree, they get the $30,000+ debt that comes along with it. Then, when the first job comes, women are paid 20 percent less than their male counterparts. It is not just a financial issue, but a feminist one, as well.”

The fact that Bustle is promoting real conversations about money amongst millennial women is changing the way we as a culture think about talking openly about the subject.  In the article, millennials from all over the United States share their experiences about what living paycheck to paycheck is really like.  Maybe you can relate to their stories or maybe it opens your gaze to experiences of others, either way, it is a starting point to begin real conversations about money (how we spend it, save it, and invest it) and its direct impact on millennial women.  She Makes Cents | Money, Career, & Lifestyle Blog for Goal Setting Millennial Women

{Every Woman Should} Get to Talking About Finances

I was contacted by Bustle a few weeks ago asking my advice on how I spend and save money.  Since I LOVE to talk about money, I happily obliged.  The thing is, the good folks over at Bustle conducted a survey that revealed millennial women are NOT discussing personal finances with their inner circle of friends.  Seriously chicas, we have got to do better! We will ask suggestions about hair colorist from our girlfriends but we don’t ask about recommendations for certified financial planners.  The fact that women don’t talk about personal finance is not surprising to me.  Some believe it’s because women are not confident in making big financial decisions while others believe women avoid talking about finances for fear of saying something wrong or sounding dumb.  I’m inclined to disagree.  When armed with the proper tools to make sound financial choices, women prove to be just confident, powerful and commanding in their financial choices as our male counterparts.  The results of the survey inspired Bustle to launch the new series Grown-Ass Finances that gets real about what millennial women are doing with their money.  Check out 21 Millennial Women Making $30K To $150K Explain How They Spend And Save Their Money as a brave group of millennial women start the public conversation about money (you might see a tip or two from yours truly in there, as well).  Listen up ladies, the future is female and if we don’t start these conversations now, what will that mean for our financial futures?