Women and Money
In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
“Two-income households typically make more, but save less,” says Cindy Hounsell, president of the Washington D.C.-based Women’s Institute for a Secure Retirement (WISER).
If you’re thinking about starting a business, a great way to learn how to do it is by speaking with women entrepreneurs who’ve done so successfully. I just had an opportunity to do just that, talking with three I saw at the What’s Next Boomer Business Summit in New Orleans
“First and foremost, for us, the life we want to create is the target, while money is the tool that helps us achieve it. For many men, it is the other way around.”
I recently attended a Milken Institute Future of Health Summit panel in Washington, D.C. called Race, Gender, and Work: The Economics of Healthy Aging. The experts’ insights whizzed across a range of topics from caregiving to investing and jobs, but there was one common thread: the critical financial issues facing women. I was especially struck by […]
Women entrepreneurs who have trouble raising capital for their ventures and managing the month-to-month cash flow often find business credit cards especially helpful. A business credit card provides you a credit line, and, if used prudently, can help your company navigate through periods of lopsided cash flow. Plus, it can provide you a cushion between […]
Shortly after we got married, my husband set up an appointment with his financial adviser for us to discuss the blending of our financial lives. It was an eye-opener. His adviser barely made eye contact with me after the initial introduction and addressed all his remarks to my husband. Bristling and insulted, I pledged never […]
Sanyin Siang, author of the excellent new book, The Launch Book: Motivational Stories to Launch Your Idea, Business or Next Career, radiates a sense of possibility for women entrepreneurs. After reading her book, I Interviewed Siang, 43 (who’s executive director of the Fuqua/Coach K. Center on Leadership & Ethics at Duke University and has served on […]
It takes money to make money, as the saying goes. For female entrepreneurs, that money can be elusive when starting a business or trying to grow one. As Linda Abraham — a serial entrepreneur, angel investor and start-up board member — told me a few months ago when I asked her to name the biggest hurdle for […]
It’s hard not to get a little down about the financial challenges many women over 50 face. I heard a lot about them recently while moderating and attending panels at the American Society on Aging’s (ASA) 2018 Aging in America Conference and the What’s Next Boomer Business Summit in San Francisco. One session I sat in one, Fifty and Forgotten: […]