Once or twice a month, we’ll be sharing a few of the latest news articles from the web about women and money. Some of the topics will highlight women and career, entrepreneurship, family, business, and retirement. If you have comments or questions or links to other headlines about women and money, please feel free to share!
Women and Money – Career
We’re guessing that you’ve heard of the ‘glass ceiling’ before but what about the ‘concrete’ one? The one where you can’t even see out? The one women of color face. This week, Indra Nooyi announced she was stepping down as the CEO of PepsiCo. This leaves one less one women – and a women of color – leading a Fortune 500 company.
Why does it matter so much and why aren’t there more women in senior level roles? What is a negative aspect to minority employees when companies do take positive, diverse directions? And why is it men must be involved in fixing the problems? These are all answered in this CNN Money article, Forget the ‘Glass Ceiling.’ Women of Color Face a ‘Concrete Ceiling.’
Why don’t more women focus on macroeconomics? Are fewer women in these courses because they lack female professors, role models, and mentors in this area? Or is bullying the problem? Can a shift broaden the focus of hiring in the banking industry to include women who specialize in applied microeconomics, create more diversity in not just gender, but in thinking?
Even though there has been a shift in demand for greater gender diversity in many settings, gender equality is a long way off. Some reasons for lack of women in leadership roles as economists are discussed in the Bloomberg article; These Three Women Made It to Chief Economist at Big Banks. Here’s How They Got There.
Women and Money – Business
What is the primary motivation for launching companies? Is a STEM degree necessary to have a successful startup? How do venture capitalists view founders? How do founders see themselves? What difference does gender make? Check out the takeaways from survey results in TechCrunch’s – There are Very Real Differences in How Women and Men (And VC’s) View Entrepreneurship.
Women and Money – Family
“The age that women become mothers varies greatly depending on their level of education and geography” according to a recent analysis by Caitlin Myers, an economist from Middlebury College for the New York Times. She studied over four decades of births, and the results are described in the article, The Age that Women Have Babies: How a Gap Divides America.
While these results are nothing new “children are born into very different family lives, heading for diverging economic futures” the differences may be more important to consider now than ever.
Women and Money – Retirement
How comfortable are women with financial issues and money in general? If this Massachusetts Mutual Women’s Retirement Risk Study is accurate, they’re not very comfortable at all. In fact, many women believe they’re on track to run out of money in retirement.
Are women too risk-averse? How does this compare with their long-term goals? How does the wage gap, lost time in the workforce to take care of family, and longer lifespans (and retirements) affect women and money? Read The Retirement Income Gender Gap by LifeHealth.com. It makes us feel good about the work we are doing here at Women Who Money!
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