See The Hidden Costs Of Being A Woman
Earlier this year, the FINRA Investor Education Foundation made a surprising announcement: Women, it turns out, pay higher interest rates on credit cards than men do. It’s just a half-point difference, but the study points out that over a lifetime, women could pay hundreds or even thousands of dollars more to borrow money than men. The study also finds that women with low levels of financial literacy are particularly vulnerable to credit card mismanagement. They are more likely to carry a balance on their cards, pay only the minimum, and...
Published By: Business News - Saturday, 22 September, 2012
- Older News
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