{"id":58603,"date":"2019-02-22T00:26:30","date_gmt":"2019-02-22T00:26:30","guid":{"rendered":"https:\/\/www.thefastfashion.com\/?p=58603"},"modified":"2019-02-22T00:26:30","modified_gmt":"2019-02-22T00:26:30","slug":"marriage-still-main-way-women-get-rich-study","status":"publish","type":"post","link":"https:\/\/www.thefastfashion.com\/?p=58603","title":{"rendered":"Marriage is still the main way for women to get rich: study"},"content":{"rendered":"

A new survey found that most women enter the elusive 1 percent through marrying a rich spouse.<\/p>\n

Researchers at the University of North Carolina at Charlotte took a look at the 1995-to-2017 Survey of Consumer Finances reports to examine gender income patterns.<\/p>\n

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They saw that American households who were part of the 1 percent \u2014 which meant making more than $845,000 a year \u2014 only 15 percent of them needed the woman\u2019s income to cross that elite threshold. And they also found that only 5 percent of women in those crazy rich families made enough money to qualify for the 1 percent. Instead, the study concluded that \u201cwomen mostly enter one percent households through marriage by gaining access to their spouse\u2019s income.\u201d<\/p>\n

Researchers also saw that the gender gap among the rich hasn\u2019t closed since the 1990s.<\/p>\n

\u201cWe know that women face a lot of barriers reaching top executive and CEO positions,\u201d Jill Yavorsky, a sociology professor at the University of North Carolina and co-author of the study, wrote in a press release. \u201cThis study shows that the glass ceiling is more extensive than we previously thought. It extends to nearly all elite positions, even self-employment.\u201d<\/p>\n\n

Yavorsky and her colleagues noted that even though American women pursue post-graduate degrees more than men, that\u2019s still not enough to reach 1 percent status.<\/p>\n

\u201cWomen also experience a number of entry barriers into self-employment,\u201d Yavorsky said. \u201cAnd once they become self-employed or start their own business, they experience additional gender-based obstacles to growing their businesses.\u201d She reports that women have a harder time than men when it comes to securing bank loans and venture capital funding for their businesses.<\/p>\n

Money expert Lynnette Khalfani-Cox says she\u2019s not surprised by these numbers.<\/p>\n

\u201cIt was disheartening,\u201d Khalfani-Cox, author of \u201cZero Debt: The Ultimate Guide to Financial Freedom,\u201d told The Post. \u201cI\u2019m an entrepreneur and I make many hundreds of thousand of dollars, though I\u2019m not quite [1 percent], and only 5 percent of all women crack that financial code.\u201d<\/p>\n

Adv<\/em>.<\/strong><\/p>\r\n\r\n