How to Bridge the Financial Literacy Gender Gap

Image courtesy of [renjith krishnan] /

Image courtesy of [renjith krishnan] /

Women and money are daunting thoughts for some people! Images of closets or trunks filled to capacity with recent shopping items may come to mind. Whatever images appear before you, the reality is worse than the imagery! For various reasons, many women do not have a good grasp on financial literacy. Perhaps, that can explain some of the money issues that women often experience. I am not implying that men do not have issues with money. I am simply stating that there is a gender gap in financial literacy, and my theory is supported by a recent study from Financial Finesse.

I am addressing this problem because I feel that it directly relates to me. I was reminded of the problem when I received a Google Alert with an article that appeared in “The Huffington Post.” The article indicated that financial literacy for women is problematic worldwide! I agree with the article, and one of my goals is to bridge the gap of financial understanding between men and women. With regular posts on this blog and social media, I believe that I can start to make a difference. I am an educator, and I will utilize my training and skills to incorporate changes to my lessons.

As a business computer applications teacher, I teach my students about careers. My students have a good grasp on earning money, but they fail to understand other important skills. We need to change the curriculum; so, more students can gain a better understanding of how money works. Changes which integrate financial literacy into a business curriculum should help females as well as males. The changes must start as early as possible because many elementary to secondary schools do not offer financial literacy classes. Consequently, many children become adults with poor understandings of finance.

Teaching money management to young females is important, but teaching them how to make better decisions is critical. In addition, an environment where females feel comfortable to ask questions about finance must be promoted. A lack of trust in banks and finance professionals must be overcome. Reducing the easy access to credit-regardless of the country, should also help bridge the gap. I am just one person, but I will do everything that I can do to improve females’ financial literacy. I would like to see women and money in a different light!

Do you think that there are enough people interested and/or enough resources to bridge the financial literacy gender gap? Please share your thoughts. Thank you.


  1. Anna says:

    I wonder what contributes to the gap between women and men financial literary. I agree with you that money management should be taught at school so these skills are inherent to all of us, no matter the gender. I think that women spend more also because we tend to think of others when we make purchases (for example, if I’m shopping for a shirt, I won’t just get one for myself, I also then buy a shirt for my b/f) and women have more grooming expenses such as haircuts, blowouts, nails, amongst others. Looking forward to reading more of your posts!

    • cakas38 says:


      Thank you for your comment. There are several things (such as scheduling of less challenging math/business classes for females, some females’ lack of trust in finance professionals, females’ easier access to credit, and advertising) that contribute to the gap. I also agree with you that many females are more likely to think of others first. Jean Chatzky wrote about this in “Listen Up, Ladies: Tips for Closing the Financial Gender Gap.” I appreciate your comment.


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