The Goals of Financial Literacy
Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how they invest it (turn it into more) and how they donate it to help others. AAUW California has long been interested in creating and sharing materials to meet the vision of providing Financial Literacy to its branches and their members.
Implementing Financial Literacy: AAUW California’s Financial Literacy mission based program has been developed to equip young women take their first steps toward financial independence and economic security. The programs provide foundational information that is crucial for young women as they begin the process of making appropriate, informed decisions about their own lives.
Money Trek: Financial information needed by high school seniors and college students who are beginning to plan for their soon-to-be independent lives.
Working Toward Pay Equity
A key component of financial fitness and independence is the ability of women to achieve pay equity. Since its founding in 1881, AAUW has been committed to promoting equity for all girls and women. As part of this effort AAUW advocates for policies and programs that allow women to achieve economic security. AAUW’s 2007-2009 Public Policy Program states that AAUW advocates “pay equity and fairness in compensation, equitable access and advancement in employment” and “vigorous enforcement of employment and discrimination statutes.”
AAUW believes that pay equity is a simple matter of justice and continues to support initiatives that seek to close the persistent and sizable wage gaps between men and women. According to AAUW poll research, when asked if a pay gap exists 75 percent say they agree. Working together, AAUW members and branches can make meaningful and powerful changes in their communities to achieve the goal of pay equity.
What is Pay Equity?
Pay equity refers to the elimination of sex and race discrimination in the setting of wages. It means fair pay for work. Pay equity encompasses:
- Equal pay for equal or same work where identical jobs are compared;
- Equal pay for work of an equal value or comparable worth for jobs that are not identical but are of an equal value;
- Strategies that address women’s low pay and promote living wage;
- Ending discrimination in pay scales and systems.
What is the Gender Wage Gap?
The gender wage gap is the difference between women's and men's wages, usually expressed as a percentage difference. Currently women's annual earnings are 79 percent of men's annual earnings.
Equal Pay Day takes place on a Tuesday in April and symbolizes the point in the next year to which a woman must work to achieve pay equity for the previous year. "Keep the Change until Women Have Real Change".