Women and Money Week 1

What does TEAM stand for

Duties, Responsibilities, Interacting with others

Citizenship

participating in a governing community; not just what passport you hold or where you were born

3 key points of citizneship

Citizenship is participating in the communities we belong to, not just legal status or birthplace

Education is key to preparing individuals to make informed and ethical decisions that contribute responsibly to their communities

Our everyday decisions directly affect the well being of our communities

Financial Citizenship

individuals participating in financial systems (banking, credit, wages, taxes)

what do financial systems shape?

opportunities and constraints people experience

3 things financial citizenship allows

Weigh trade-offs in decision-making.

Understand how individuals experience systems differently

Gain more confidence making financial decisions

core question of sociological imagination

is this a personal trouble or a social issue

Personal finance

How we use money to support the life we want; managing, protecting, and investing money to achieve financial goals

Financial Literacy

Knowledge and ability to manage money and make informed financial decisions

Financial Well-being

Ability to meet current financial obligations, absorb unexpected shocks, work towards future goals, and have financial freedom to enjoy life

Importance of personal finance

affects daily life

well being

connects to financial citizneship and equality

what does financial literacy allow for individuals

make informed financial decisions that support well-being and future goals

what does financial literacy allow for societies

build fair, transparent, and accessible financial systems that allow people to partwcipate fully

Women vs men

Women have less knowledge about financial literacy

women with higher fiancial literacy were more likley to have a plan for retirement

What factors shape financial choices

traits and behaviors

opportunities

constraints

acess

family

culture

community norms

Research process

Question→survey→data collection→analysis→communication→action/future research

Field survey

research method used to collect information directly from people through questionnaire