During the COVID-19, as well as the climatic catastrophe, women were disproportionately afflicted. Women also live longer than men, which has led to estimates in Germany that 75 percent of women aged 35 to 50 are at risk of poverty in their later years. The financial condition that women find themselves in is serious and must be addressed. Women earn and save less money than males for a variety of reasons. It includes institutional disadvantages, gender stereotypes, and roles wherein they are less likely to optimize how they spend their time.

During the COVID-19 epidemic, as well as the climatic catastrophe, women were disproportionately afflicted. Women also live longer than men, which has led to estimates in Germany that 75 percent of women aged 35 to 50 are at risk of poverty in their later years. The financial condition that women find themselves in is serious and must be addressed.

Financial disparities begin at an early age, according to multiple studies, with boys receiving more monthly expense dues than girls. Adults in Iceland, the country with the smallest gender pay difference, receive only 86 cents to a man's dollar for a similar occupation, according to the Global Gender Gap Report 2021. Women's lower income, combined with lower labour market engagement and other structural inequalities, deteriorate women's capacity to accumulate wealth. Women who are capable of investing in the right direction with stipulated goal time frames miss on opportunities because of the rampant gender disparities.

There is evidence that women have a disproportionate amount of debt, including student debt, that financial institutions charge women greater interest rates, and that women receive worse financial advice, such as being sold more expensive financial products.

Financial feminism seeks to close the gender gap in financial inclusion by engaging, teaching, and inspiring more women to take charge of their finances, as well as increasing awareness throughout society to promote these critical mentality shifts.

Women consistently trail behind men in financial literacy, affecting their ability to make wise financial decisions, invest in the stock market, prepare for retirement, and accumulate money.

Improving women's investment experience, such as learning-by-doing by investing in the stock market with negligible sums, may help them gain confidence.

Despite a recent backlash on social media platforms against "influencers," there is something to be said about surrounding oneself with role models and financial educators that makes one feel like they are part of a larger movement for financial equality. Talking about money, investing, asking for equal pay, and growing wealth becomes more normal when you surround yourself with female financial role models.

Individuals are increasingly accountable for their own finances these days. Because of reductions in state-supported pensions, a change from defined benefits to defined contribution pensions, and relatively easy access to credit, the financial decisions we make now and in the future have a significant impact on our quality of life.

Employers have a responsibility to play in educating and empowering their employees, and they are, happily, up to the task. According to a recent survey of UK businesses, four out of five want to implement a financial wellbeing strategy in the next two years. Leading companies are aggressively using financial wellness tech solutions like nudge or supporting financial wellness through their women's networks.

Why not start asking questions at work and in your social circles about how to promote financial literacy for women?

We must communicate with, listen to, consider, and support women who are affected by financial disparities. This could entail reflecting on one's privilege. It is important to note that financial feminist efforts consider the experiences of women from all walks of life.

Women are more inclined than males to prioritize social or investment principles, according to anecdotal evidence; the link between women's social and sustainable interests and wealth creation deserves additional investigation and research.

Asking businesses to commit to investing pensions sustainably is one option that is gaining support.

Financial feminism thus gives an opportunity to use women's growing financial power to connect with the goals and activities required to build a sustainable future for all, not just to close the gender wage, investing, and wealth gaps.