Title

The Impact We Can Make Through Investment: Securing Financial Freedom by Serving Others

Date of Award

Spring 6-8-2018

Document Type

Honors Project

University Scholars Director

Dr. Christine Chaney

First Advisor/Committee Member

Dr. Douglas Downing

Second Advisor/Committee Member

Dr. Christine Chaney

Keywords

Impact Investment, Gender Gap, Financial Technology

Abstract

Wage disparity is a major political issue in the United States, but it has far more to do with the health of the economy as a whole. Statistically speaking, it is very difficult for women to participate equally in an economy where they are systematically marginalized. This hurts businesses, it hurts global markets and it damages overall GDP. Statistical data drawn primarily from the Bureau of Labor Statistics underline the differences that women face from various standpoints. Race is a primary influencer, but across the board all women make significantly less than men of the same background for the same job. This is not necessarily groundbreaking, but the often overlooked investing gap can be. Simply put, lower wages mean that if women invest at the same rate as men, the inequality will only worsen as those earnings gain interest compounded over time. Women are, however, better investors and should they be given access to the proper information and financial tools, they can increase their presence in the investing space and therefore increase the number of women present on the board of businesses all over the globe. More women in the upper level of the business world benefits women everywhere.

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