Single women are scraping by: Held down by the wage gap and inflation, they struggle to build wealth or emergency savings
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Single women are struggling to build wealth or emergency savings due to the wage gap and inflation. According to a survey by Credit Karma, 36% of women don't feel financially stable, with 40% of single women reporting a lack of financial security compared to 34% of partnered women. Women earn 16% less than men on average and have less emergency savings. The number of single women in the workforce has increased, but their journey to autonomy and building wealth remains elusive. Women who were never married have a wealth gap of 29%. Single women face challenges in affording basic necessities, going on vacations, and saving for the future. Some single women have gone into debt, and 21% are tired of spending money on their friends' life milestones. Financial factors are a motivator for 24% of single women looking to be in a couple. Women in couples are not necessarily financially dependent, with 47% saying they are financially independent and 25% outearning their partner. However, an extra salary can help buffer the impact of the economy.



https://fortune.com/2024/04/19/single-women-are-scraping-by/