🏊🏻‍♀️ The Vast Sea of Women’s Financial Potential

SALLIE’S OPINION

How’s women’s financial health doing right now?

We’re halfway through the year, and things are tough out there for women.

As a result, women's financial health remains under pressure — though not as bad as hitting rock bottom last year, when Roe v. Wade was knocked down and inflation was rampant.

There are also some positives that have contributed to a slow but steady climb of the Ellevest Women’s Financial Health Index, like last year’s progress with respect to representation in Congress, the fact that women now make up 10.4% of CEOs of Fortune 500 companies, and the easing pressure from inflation rates.

The result is that, from last summer’s bleak 1.0, the index climbed to 2.39 in February, and hit 3.5 in May.

The main factors holding the index back from greater improvements: the continuing effects of inflation, recent Supreme Court rulings, downturns in consumer confidence, and ongoing assaults on women’s reproductive rights.

Read more on what’s contributed to the climb of the 2023 index, how we calculate this number, and the ways you can invest in your own financial wellness.

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Research shows that people with a financial plan have 3x the net worth of those who don’t. So, to help more women take control of their money, we’ve built our financial guidance to be inclusive.

Our all-women team of financial planners has years of experience helping women go after their goals: budgeting better, paying off debt, retirement planning, saving to buy a home, and much more.

OK, but what exactly is a financial planner? It's what it sounds like: someone who takes inventory of your finances, then makes a plan to help you reach your financial goals. All of Ellevest's financial planners hold the title of CFP® professional, or CERTIFIED FINANCIAL PLANNER™ professional, aka the highest level of credibility in the industry. Not only do they bring a wealth of knowledge to every conversation, but they also truly want you to succeed.

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BYE BYE BYE FINANCIAL STRESS

Your financial foundation is the set of practices that create the financial security and stability you need to live the life you want. Build yours now with these eight essential steps.

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FREE RETIREMENT CHECKLIST

If you’ve decided to channel your inner Megan Rapinoe and retire in the next six to 12 months, congratulations! Let’s set you up to take the big jump with advice from an Ellevest financial advisor.

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“All the boating with my family! Oh, and fresh tomatoes off the vine obvi. 🍅”

— Elle Raiser @nikkinearandfar shares the #1 thing they’re looking forward to this summer. Are you in your Threads era? See you there!

Text that reads, “How much can I afford to invest each month? Am I on track to buy a home soon? Am I investing enough for retirement?”

These links are worth the screen time 🤳🏼

Women are BACK and they’re looking for jobs. The share of women between 25 and 54 who were working or looking for work in June hit an all-time high: nearly 78%.
How much money do you need to feel financially secure? A Bankrate report finds that the average American feels they need to earn a $233k salary to feel secure — and $483k to feel totally free.
Federal Reserve Bank of Chicago President Austan Goolsbee says we’re on the “golden path” to beating inflation while avoiding a recession.
“People calling would say, ‘I have to get this money because if I don’t, I’m not gonna meet the new restriction … I can’t afford to push it off or wait two weeks.’” Staffers at the Carolina Abortion Fund describe working overtime to get ahead of North Carolina’s new abortion ban.
“I’m not back. I’m better.” — Sprinter Sha’Carri Richardson, after winning the women’s 100m at the US Championships. 👑

Get your summer goals and financial goals on the same page.

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DISCLOSURES

All opinions and views expressed by Ellevest are current as of the date of this writing, are 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 are 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 past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

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🏊🏻‍♀️ The Vast Sea of Women’s Financial Potential

How’s women’s financial health doing right now?

“All the boating with my family! Oh, and fresh tomatoes off the vine obvi. 🍅”

Get your summer goals and financial goals on the same page.

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⛱️ Take a Vacation, SCOTUS

🗞️ Women Making (Literal) Headlines

🧁 Money Can Buy You Happiness

🌲 AQI, Climate Change, and Women

💌 Wedding Szn, Grad Gifts, Pride Month

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