Читать книгу Financial Adulting - Ashley Feinstein Gerstley - Страница 24

You might be wondering why a chapter on equity comes before any of the financial how-to in a personal finance book. After reading this, I hope you'll wonder why it's not the first thing covered in every single personal finance book.

Because, when the minimum wage has been $7.25 since 2009 while prices of goods have gone up 27% since then,¹ it doesn't matter how well you budget.

When you have an overall racial wealth disparity of 8 to 1,² and a gender wealth disparity of 3 to 1 for women, 50 to 1 for Black women, and 100 to 1 for Latinas,³ explained by the enslavement of Black people and systemic oppression, that's not going to be resolved by investing alone.

When mothers are paid 30% less,⁴ just for being mothers, are offered no paid leave, and childcare prices are astronomical, women continue to struggle and those who can drop out of the workforce by the millions.