New Mexico State Treasurer’s Office

Financial Empowerment for Women

Home  »  Special Programs  »  Financial Empowerment for Women

Since the turn of the century, educational attainment rates of females in the U.S. have surpassed that of males at all degree levels.[i] However, women are still paid less than men for equal work. Here in New Mexico, women make 78 cents for every dollar paid to their male counterparts. According to the United States Census, in 2015 average salaries for men and women with a bachelor’s degrees were $51,171 and $39,115, respectively.[ii] This amounts to a disparity of more than $12,000! How can the educational attainment for women have increased, but wages have not? The gender wage gap is real and we must concentrate our efforts to close it. The State Treasurer’s Office is committed to focusing on financial empowerment for women by developing and implementing programs and initiatives that give women the tools they need to succeed in the workplace and at home. Knowledge is power, but without being afforded the same opportunities and wages, intelligent hardworking women can be rendered powerless. Continuous access to information, providing free resources, and developing workshops and opportunities to learn strategies for financial success are ways in which STO can fulfill our commitment to the economic stability and prosperity of the women of our state.

[i] National Center for Education Statistics (2017) Fast Facts.

https://nces.ed.gov/fastfacts/display.asp?id=27

 

[ii] United States Census Bureau (2017) American Factfinder: New Mexico.

https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=CF

 

113 total views, 3 views today