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Lauren's Updates

The following content originally appeared in an article by Sheryl Nance-Nash in Newsday on May May 14, 2016. Copyright © 2016 Newsday.

NY women earn $6,799 less a year: How to close your gap

Photo Credit: iStock / Meriel Jane WaissmanWhen James Brown sang, “It’s a Man’s World,” he was on to something. According to new research by the National Partnership for Women & Families, on average, New York women employed full-time, year-round are paid just 87 cents for every dollar paid to men — a yearly gap of $6,799. The gender gap costs women in New York nearly $20 billion per year.

The wage gap isn’t new and it won’t close overnight. It’s up to women to help change the game.

Invest in yourself

“Make financial choices that increase your earning power. Learn new skills. Get your MBA®. Earn a professional certification. Investing in Botox, designer handbags and little dogs are not part of the plan,” says Lauren Klein, a certified financial planner with Klein Financial Advisors in Newport Beach, California.

Click here to read the full article on Newsday.com.


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All written content on this site is for information purposes only. Opinions expressed herein are solely those of Lauren S. Klein, President, Klein Financial Advisors, Inc. Material presented is believed to be from reliable sources and we make no representations as to its accuracy or completeness. Read More >