What The Elle - 🎂 Icky icing on the cake

Plus, should you share your salary with your kids?
͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     
Ellevest
What the Elle logo
 

SALLIE’S OPINION

Ugh, Gender Pay Gap Deniers

Around Equal Pay Day, the Wall Street Journal ran an Op-Ed entitled “The ‘Gender Pay Gap’ Is a Myth That Won’t Go Away.” Because of course.

It laid out the case that there is no underlying gender pay gap. Instead, it claims, “The pay gap is the natural economic result of choices men and women make, including how much or how little to work and which occupations to enter.”

There were examples like men *choosing* to work two hours more a week — and thus, presumably, women *choosing* to do more of the housework and “child care.” (If you detected sarcasm in the second half of that sentence, you were right.)

I guess there are also the *choices* women make to go into industries and businesses in which they are underrepresented at the top and thus have not had the same opportunities for advancement. (One Wall Street CEO told me several years ago that he came into his job convinced that there were fewer women at the top of his firm because they *chose* to leave mid-career to have babies; what he found is that they actually *chose* to stay at a greater rate than men. They just didn’t receive as many promotionseven with strong performance reviews — and got stuck in middle management.)

This came to a head last week, when we saw one of the greatest basketball players of this — or any — generation go pro: It was Caitlin Clark, the #1 overall pick in the 2024 WNBA draft. At a jaw-dropping salary of $76,535. That is not a typo; I didn’t leave out two digits.

Now, by the Wall Street Journal’s reckoning, I guess Clark *chose* to go to the WNBA instead of the NBA. And so she *chose* to make $76,535, rather than the $10 million of the #1 NBA player, *choosing* to earn less than 1% of what he will. In fact, she *chose* a salary that is less than what some NBA mascots make.

Icky icing on the cake: At one of Clark’s first press conferences, a reporter told her, “I like that you’re here.”

(OK, fine, bland enough.)

Then, in regards to the heart symbol she often makes to her family after every game, he said, “OK, well, start doing it to me and we’ll get along just fine.”

(Ooh, creepy. On so many levels.)

Like so many women in so many situations over so many years, Clark *chose* to hold her smile and let the moment go by. She *chose* not to rock the boat. (She’s that good and she still had to put up with all of that, for all the world to see. It’s head-shaking.)

We women know that these types of *choices* are often not real choices. But instead, a tax that we pay as women — ‌a tax to keep the peace. At home, in the workplace, at a press conference. Think of it as another kind of pink tax.

For Caitlin Clark, of course, the money is going to come, as her fans will make their own real choices: Women and their daughters and their friends (and their daughters’ friends) are going to choose to buy out those Clark jerseys. They’re going to attend her games and watch her on TV. And they’re going to buy her shoes. (Sign me up.)

But let’s not confuse the real choices women make with what are not choices at all.

 
 
Sallie's signature
CEO AND FOUNDER
 

🪴 Why does finding the right financial advisor matter for women?

*Clears throat* The stakes are high for women building wealth. On the line: living the life you want on your terms. To change careers. To take that risk and start a business. To buy the vacation home or leave that bad relationship or quit that toxic job.

So on that positive note, here are the answers you want to hear (plus the ones you don’t) when you’re interviewing a financial advisor to manage your wealth.

Read the shortlist of questions >

 

MAKING SENSE OF YOUR MONEY AFTER DIVORCE

Divorce can be rough, including on your finances. We’re here to help you plan for a fabulous life on the other side.

Post-divorce financial planning >

HAPPY NATIONAL TEACH KIDS TO SAVE DAY

We need to be talking about money more. But … to the point of sharing how much you make with your kids?

Hear Sallie break it down >

TRYING TO PAY OFF DEBT AHEAD OF SUMMER?

Here’s a handy spreadsheet you can use to track your debts, sort them, and plan to pay them off.

Download it >

 
 

💡 Warning: may inspire money moves

  • Investing, Part 2: You & Your Portfolio: Learn about risk, return, and how to balance the two. Plus timing, like whether it matters what the market’s doing and how often you should be investing.
    APRIL 30 @ 8 PM ET: Sign up
  • All About the Benefits of Ellevest: Get to know how you can use Ellevest to make your money work harder for you.
    MAY 7 @ 1 PM ET: Join for free
  • Money Q’s? Book a complimentary call and we’ll make suggestions for your next money move. ☕
    MAKE IT A DATE: Limited availability
 
 
A tweet from @kate_depalma that reads, “I am pleased to announce that I am no longer behind on everything. I didn’t catch up. I just decided that where I am isn’t behind. 🥳”
 

☕ Cozy up with your latte and these links

Don’t leave money on the table. Get up to 50% off financial planning.

Join Ellevest

This week’s newsletter was brought to you while reading ridiculous headlines. Forward it to your friends who love to roll their eyes.

DISCLOSURES
 
© 2024 Ellevest, Inc. All Rights Reserved.
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.
 
 
 

Older messages

Mother Earth 🤝 Jane Fonda

Thursday, April 18, 2024

Plus, a new worksheet for stay-at-home moms. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

🩺 Cancer has a pink tax, too

Thursday, April 4, 2024

Plus, doom spending, climate optimism, and more. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏

🗺️ Your guide to a finance mega-trend

Wednesday, March 27, 2024

Plus, “money dysmorphia” and how to choose between a 401(k) and IRA. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

🔔 The women behind $2 billion

Wednesday, March 20, 2024

Plus, why a good financial plan can be an emotional experience. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

📝 Do you know the average age of widowhood?

Thursday, March 7, 2024

Plus, a brief (exciting) history of women investors and what investing $300 a month looks like in 20 years. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌

You Might Also Like

Longreads + Open Thread

Saturday, November 23, 2024

Microsoft, The Study, Fraud, Electronics, Gaming, Loss Aversion, Gut, Kerkorian Longreads + Open Thread By Byrne Hobart • 23 Nov 2024 View in browser View in browser Longreads Steven Levy profiles

Call me Neo, cause I just plugged into the Matrix

Saturday, November 23, 2024

Take the options trading red pill ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🪙 Big on bitcoin

Friday, November 22, 2024

MicroStrategy raised more cash for bitcoin, Europe's business activity slipped, and going to a haunted house | Finimize TOGETHER WITH Hi Reader, here's what you need to know for November 23rd

In times of transition, investors search for reliable investments, like this…

Friday, November 22, 2024

Invest in a time-tested asset ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Lutnick Goes to Washington

Friday, November 22, 2024

The Zero-Sum World of Interdealer Brokerage ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

💔 Google's big breakup

Thursday, November 21, 2024

Google faces a breakup, xAI hits a $50 billion valuation, and lots of manatees | Finimize TOGETHER WITH Hi Reader, here's what you need to know for November 22nd in 3:00 minutes. US justice

A brand new opportunity in the stock market revealed

Thursday, November 21, 2024

Are you ready to join Gamma Pockets? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🏦 The problem with “stress-saving”

Thursday, November 21, 2024

Plus, how to win a free financial planning session. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

John's Take 11-21-24 Climaxes

Thursday, November 21, 2024

​ Climaxes by John Del Vecchio Sometimes, a climax is a good thing in life. For example, climbing Mt. Everest is exhilarating. It's the climax. I will never know. Doesn't interest me. In other

👁️ Nvidia opened up

Wednesday, November 20, 2024

Nvidia released results, UK inflation jumped, and some really big coral | Finimize TOGETHER WITH Hi Reader, here's what you need to know for November 21st in 3:15 minutes. Nvidia reported record