Gender equality

Masters of Scale: The persistence of the “gender investing gap”

A man and woman drawing respective trend lines, with the woman's trend line being lower than the man's
Illustration: Lazaro Gamio/Axios

In addition to facing inequality in pay, women are also lagging behind when it comes to investing. In the latest episode of the Masters of Scale podcast, Ellevest CEO Sallie Krawcheck talks about the cost this disparity in financing has on women’s lives:

“A woman making $85,000 keeps $.71 of every dollar in cash; it costs her, versus a similarly situated guy, $1 million over her life. Let's pause here. Because that's “start my business” money, “buy my dream house” money, take your friggin’ hand off my leg” money, “leave the job you hate” money, “leave the relationship you hate” money.”

Why it matters: With women earning only 50% of what men earn, the “gender investing gap,” as Krawcheck calls it, further exacerbates the wealth divide among genders, making it even harder for women to make independent financial decisions.

Closing the gender phone gap is a $700 billion idea

Cell phones placed on a table, street trade in Talek on May 17, 2017 in Talek, Kenya.
Cell phones on a table in Kenya. Photo: Thomas Imo/Photothek via Getty Images

Cell phone ownership growth in recent years has been driven by emerging, or developing, countries, where companies have connected 700 million new subscribers since 2014.

The big picture: But cell phone operators could add an additional $140 billion in new revenue by closing the female phone ownership gap. Further, the countries could add $700 billion over the next 5 years to their collective GDP by getting women connected, the study finds.

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