WASHINGTON (WUSA) -- Women have made such strides financially over the last 50 years are so, but there are a couple of things we need to improve. One we are highlighting is women and credit cards.
Gerri Walsh, the President of the FINRA Foundation -- a non profit focused on investor education, joined us to discuss:
-- A study finds women were more likely to engage in costly credit card behaviors than men.
-- Women pay about half a percentage point more in credit card interest rates than men, which can add to thousands of dollars over a lifetime
-- Women were five percentage points more likely to carry a balance, four points more likely to pay the minimum payment on their cards and six points more likely to be charged a late fee
-- Financial literacy can make a tremendous difference in correcting these behaviors among men and women
Watch our full interview with Walsh above.