Читать книгу Financial Adulting - Ashley Feinstein Gerstley - Страница 35

Until 1974 when the ECOA passed, a woman couldn't take out a credit card in her own name without a male co-signer, like her husband or father. That's recent history. The act also granted women the ability to take out their own mortgage. Before then, many women seeking their own loans were laughed out of banks.

Women's wages were discounted by as much as 50% during the loan process when lenders decided how much they could borrow. You can imagine how that impacted what homes they could afford. Here's a hint – homes worth much less than those of their male counterparts.