💡 5 Surprising Stats on Women and Money

Plus, how the Ellevest community practices financial wellness. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
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Sallie's Opinion

The most telling financial wellness stats

 

Last week we launched our second annual Ellevest Financial Wellness Survey. You may have seen some of the coverage of it. We learned a lot — some of which you may have expected (like inflation coming in as pretty much everyone’s top worry). Other findings, maybe not so much. Like:

Climate change is one of your top five financial concerns. So are reproductive rights, especially for young women — in fact, for Gen Z women, those two concerns tied at #2. (I had a journalist recently ask me if women “get” that climate and reproductive rights have financial implications. You sure do.)

You’re now three times more likely to think practicing financial wellness is critical than you were last year. (Proud of you.)

Half of you are worried about your job security. And half of you are looking for a new job. (That tracks.) Also, a third of you are saving up so that you can leave your current job. (Could this just be a temporary “let’s see what happens with the economy” pause in the Great Resignation?)

Only 36% of women are investing (which is definitely not enough). But when you do, you’re making all the right moves, like not withdrawing money from your accounts and not pausing your retirement contributions. (Btw, this is a key reason why women outperform men in investing.)

You want to get your life and your money aligned with your values. We get it. And, in particular, you want to work at a company whose views on reproductive rights align with yours. And to buy from and invest in companies that align too.

 
 READ THE FULL SURVEY RECAP 
 

These results have notes of hope, but they also underscore what the Ellevest Women’s Financial Health Index is telling us: It’s rough out there. Really rough. And last week’s renewed talk of a possible recession definitely doesn’t help. (After all, only 14% of women said they felt prepared for one.)

But if I know the Ellevest community, I know you’re not about to stop fighting for every dollar you deserve to earn (and keep). And we’re here to help — below.

 
 
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CO-FOUNDER & CEO
 
An outline of a bag of money sits on top of a 3-dimensional pie chart. Speech bubbles float around. Illustration.

How do you practice financial wellness?

We asked, and the Ellevest community came through. Here’s your daily dose of financial self-care inspo.

READ ’EM >

 
A woman in a suit climbing a mountain of fun shapes, like half-moons, circles, and dollar signs. Illustration.

A guide to practicing financial wellness

Being financially well means knowing what you have, knowing where you’re headed (and taking steps to get there), and feeling good about it. Here’s our best advice on how.

START HERE >

A woman sitting on a stack of coins, with a line chart, % sign, and arrows in the background. Illustration.

Guess what just went (even further) up?

If you said “federal interest rates,” you nailed it. Here’s a recap of the news, a quick explainer on what rising interest rates mean, and how they’ll affect your money IRL.

GET THE SCOOP >

 

Join Ellevest’s financial planners live

How to Practice Financial Wellness and Feel Good About Money: This one comes with not just tips and advice, but dozens of tools and resources to get you started. 🚀

TODAY 8 PM ET: Sign up

All About Membership at Ellevest: Don’t let any of these perks slip through your fingers. 🛎️

THIS THURSDAY 4 PM ET: Sign up for free

How to Pay Off Debt: Are you more of a debt snowball or debt avalanche kind of person? (We’ll help you figure it out!) ⛄️

NEXT TUESDAY 5 PM ET: Sign up


Busy this week? Check out all upcoming workshop dates and times.

Q: What’s going on in the markets this week?

A: Tbh, nothing great. Yesterday, investor nerves about last week’s interest rate hikes — not just in the US, but in other countries too — sent the S&P 500 tumbling to its lowest level so far this year.

If you’re thinking, “sounds about right for 2022,” you’re not wrong. It’s been a prettttty bumpy one. Our advice, as ever: Try to ignore the news, keep investing regularly, and keep your eye on the long term.

 

For your next lunch break

“Today’s protests echo the decades of resistance led by women, both veiled and unveiled, against the hijab’s co-optation as a tool of repression since its imposition in the 1980s. This struggle is interlinked with similar struggles for women’s liberation globally. Whether fighting for the right to control our reproductive lives in the United States, the right to life without military occupation in Palestine or Kashmir, or the right to free speech in Saudi Arabia, women are left with few options but to rise up.” — Hoda Katebi, in a powerful opinion piece on the ongoing protests in Iran, for the Los Angeles Times.

Stefanie O’Connell Rodriguez asked single women what they wish others understood about their finances, and it’s very much worth a read.

“Yes, please.” — Millennials when you ask them if they want to retire in their 50s. But as our latest Financial Wellness Survey found (and The New York Times explores here), that feels a heck of a lot easier said than done.

Read or watch Sallie’s interview with Yahoo Finance Live on why inflation hurts women more, the Fed’s latest rate hike, and what that means for women’s financial health.

And finally, speaking of wellness: The folks at M.M.LaFleur put five popular self-care practices to the test, and we’re totally here for it.


Start feeling good about money today.

 JOIN ELLEVEST 

This week’s newsletter was brought to you while marking our calendars for February 12. Forward it to your friends who can stand under your umbrella (-ella -ella).

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DISCLOSURES
 
All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.
As of 8/15/2022, Ellevest Membership fees can be found here. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
 
 
 

Older messages

📣 Today’s Financial Wellness Day!

Thursday, September 22, 2022

And wow, do we have some big news to share. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Do You Have a $ Map?

Thursday, September 15, 2022

Plus, next week's live events. (See you there?) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

👋🏼 Opinionated: Quiet ... Retirement

Tuesday, September 13, 2022

Plus, a workshop to help you feel good about money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Back-to-School Szn

Friday, September 9, 2022

Is it 85 degrees? Yes. Are we sipping a hot cider and playing around with our budget? Also yes. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

⚖️ Opinionated: Who Gets To Decide What’s Fair?

Wednesday, September 7, 2022

Plus, the type of insurance you should definitely look into. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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