Money & Gender
This gender has historically faced a pay gap compared to their counterparts, earning less for the same work.
What are women?
This term refers to the financial disparity between different racial or ethnic groups, particularly in income, savings, and asset ownership.
What is the racial wealth gap?
In many Asian cultures, this concept prioritizes family well-being over individual financial success.
What is collectivism?
In many developing countries, this service is often inaccessible, preventing people from saving or borrowing money.
What is banking?
In many African cultures, this event involves a significant exchange of wealth between families, often in the form of livestock or money.
What is a dowry or bride price?
The global average gender pay gap, often expressed as a percentage, is a reflection of unequal pay for equal work. What is the average percentage of the pay gap across the world?
What is 20%?
This minority group in the United States experiences the largest wealth gap when compared to white households.
What are Black Americans?
In Latin American culture, this word represents a strong value placed on helping family and friends financially.
What is “familismo”?
The economic divide between urban and rural areas in many developing nations is often referred to by this term.
What is the urban-rural divide?
During the Lunar New Year, it is customary in many East Asian cultures to give this color of envelope filled with money for good luck.
What is red?
This term refers to the phenomenon where women are expected to do more unpaid domestic and caregiving work, impacting their earning potential.
What is the “second shift”?
This government-backed policy, established after WWII, disproportionately excluded minority groups from homeownership opportunities.
What is redlining?
In some Indigenous cultures, this practice involves the redistribution of wealth to the community rather than accumulating personal wealth.
What is gifting or potlatch?
This United Nations goal focuses on reducing inequality and ensuring that all people have equal access to financial opportunities.
What is the Sustainable Development Goal (SDG) 10?
In this Caribbean practice, small groups of people contribute a set amount of money to a collective pot, which is distributed to one member each month.
What is a “susu” or rotating savings club?
This term refers to the invisible barrier that prevents women and minorities from advancing to top positions in business, affecting their earning potential.
What is the glass ceiling?
A term describing how generational wealth is often passed down in families, contributing to the racial wealth gap.
What is intergenerational wealth transfer?
This philosophy, common in Western societies, emphasizes personal wealth accumulation and financial independence.
What is individualism?
These financial services, aimed at helping low-income individuals access credit and insurance, have been transformative in parts of Asia and Africa.
What are microfinance services?
In certain Middle Eastern cultures, this religious practice involves donating a portion of one’s wealth to charity, known as one of the Five Pillars of Islam.
What is zakat?
This policy or practice, focused on closing the pay gap, ensures men and women receive equal pay for jobs of equal value.
What is pay equity?
This 1921 event in Tulsa, Oklahoma, known as “Black Wall Street,” was one of the wealthiest Black communities in the U.S. before it was destroyed in a racially motivated attack.
What is the Tulsa Race Massacre?
The cultural phenomenon in which immigrants send money to their families in their home countries is known by this term.
What are remittances?
This concept refers to financial policies that disproportionately harm marginalized groups, such as austerity measures that cut public spending on social services.
What is economic injustice?
In Indian culture, this festival, often referred to as the festival of wealth and prosperity, involves purchasing gold or valuable items to bring good fortune.
What is Diwali or Dhanteras?