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Engaging in lifelong learning can be an essential part of building financial security. Additional learning beyond high school means lower unemployment and often increased earnings over a lifetime. And that makes building wealth and retirement savings a lot easier.

Women are 43% more likely to experience poverty in retirement than men.1 This is in part because women are underrepresented in higher paying jobs and fields, which impacts their ability to save for retirement.

Summit is committed to closing the retirement savings gap and helping women and their families build wealth and financial security. In partnership with the Madison College Foundation, we provided scholarships to 11 women returning to school to pursue a career in STEM (science, technology, engineering and math) fields. In support of their financial success and security, recipients of the Women Build Equity Scholarship also have the opportunity to work one on one with a Summit financial coach and access Summit resources to encourage their immediate and long-term financial goals.

Equity in Money starts with securing financial futures one woman, one family and ultimately one generation at a time. I am excited for Summit to embark on this partnership with Madison College and to see the new career journeys supported through these scholarships.