Reclaiming Financial Feminism 👭🏽
Guest Blog by Money Healing Club Moderator, Melissa Jensen
In Part One, we dove into the history of financial feminism and the persistent issue of women earning less than men, despite years of dedicated activism. We ended with a new concept – the gender wealth gap.
The gender wealth gap is how much money women have and keep compared to their male peers. And it’s not good. This gap, often overshadowed by the gender wage gap, is enormous and worsened by factors like race, disability, and gender identity. Women of color have just a fraction of the wealth that single white men do. Women have fought for the right to purchase property, open lines of credit, and bank accounts, and we're still catching up.💸
Despite all our knowledge, effort, and determination, the gender wealth gap keeps growing. We've been told, "Just ask!" for years, but it's not that simple. Discrimination, pay gaps, inflation, childcare costs, housing prices – they all play a part in this uphill battle. And for many of us, it's even tougher when compounded by race 🙋🏿♀️, gender identity ⚧, disability 👩🏽🦯, or sexuality 🏳️🌈.
Now more than ever, we need financial feminism. But it can't be limited to working within broken systems. We need solutions that go beyond "girl bossing" our way out of centuries of inequality. So, here's to redefining financial feminism, together. It's not about going it alone; it's about working together with other women and rewriting the rules. 💪
I may not have all the answers, but I do know this: we deserve our money! 💵 I’m not an expert, I’m a gal with six figures of student loans who joined the Money Healing Club to get better with money. But if women can save the economy by attending concerts and movies, then we sure as heck deserve a bigger slice of that pie.🥧
Financial feminism is dead. Long live financial feminism.
P.S. Tried everything to rein in those impulse buys but still find yourself in that “I just need this NOW” moment? The 7 Day Mindful Spending Challenge isn’t about restricting you—it’s about helping you finally understand why spending feels so soothing (until it doesn’t). Ready to take a kinder approach?
