Opinionated Edition: High stakes and real estate

Plus: Teenage girl career power ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo

Sallie’s Opinion

This Is Happening Right in Front of Us

 

I wrote this on Sunday. And then last night, I watched, as we all did, the swearing-in of a new Supreme Court justice with a record of being hostile to issues that impact women. In a historic rush before the election. At night. By not-the-Chief-Justice. Standing up with three men, two of whom (Donald Trump and Clarence Thomas) are on the record with actions that have harmed the rights of women. For an appointment that a majority in the Senate prioritized over economic relief during a pandemic (which — as I talk about below — could have disproportionately helped women). It feels creepy, at best — and perhaps apocalyptic.

Do you also have a pit in your stomach as we approach Election Day (or more accurately, the last day of voting)?

It may be because everywhere we turn, we’re told how high the stakes are. And it may be because the rancor is so strong.

It may also be because of what 2020 has, uniquely, taught us: We understand that this pandemic has been awful for everyone. But it has drawn into stark relief that a faulty health care system hurts women more, as the health crisis continues to cause ripple effects that throw the demands of family care disproportionately on us.

And from there — those disproportionate demands of family care — we can draw a direct line to a reversal of women’s economic and financial progress.

There are perhaps decades’ worth of economic progress being destroyed in 2020, hurting women more, right in front of us.

And we know that from there — we can draw a direct line from women’s financial equality to full equality in our society. When we lose financial ground, we lose ground. Period.

So: A leaky health care system = more caregiving responsibility for women = lost financial progress for women = less equality for women.

A few years ago, we could have argued this hypothetically. In 2020, it’s been happening right in front of our own damn eyes.

So what do we do about it?

  READ THE REST  
A text by Robin Thede that reads “I called my parents this morning and they were trying to figure out some problems they were having with their mortgage account. They thought it might be identity theft. I said, nah I just paid off your house.”

By the Numbers

At Ellevest, we think “let the guys make the financial decisions” should be a thing of the past. But a new study found that … well, it’s just not. Among wealthy millennial women living with male partners, 54% said that they deferred all the financial planning to their partners. Only 39% of Boomer women said the same. 😱

A graphic that says “now or never” and “three months free.”

Hey, Executive

Get Ellevest Executive free for three months* with promo code THREEFORME.

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“If I picked up my home and moved it 20 miles west to a white neighborhood, it would be worth much more.”

Michelle Singletary, on the legacy of redlining and other racist housing policies implemented long ago, which have a very real financial impact on Black communities today

What we’re reading, watching, and talking about

“Teen girl career moves” edition.

Scientist Anika Chebrolu discovered a molecule that binds to the coronavirus and could be used in antiviral treatments. She’s 14.

Filmmaker Kalia Love Jones wrote, directed, and wrote the soundtrack for “The Power of Hope,” an animated short inspired by Michelle Obama now making the festival rounds. She’s also 14.

Headlines about murder hornets eating all the bees freaking you out? Put Mikaila Ulmer ’s memoir, “Bee Fearless,” on your TBR pile. In it, she tells the story of creating a company with a mission to save the bees. She’s 15 … and she launched Me & the Bees Lemonade when she was 5.

The documentary “I Am Greta” opened in several countries last week and will premiere on Hulu on November 13. Climate activist Greta Thunberg is 17.

Do more for your money and career.

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This week’s newsletter was brought to you while celebrating a watershed moment for intersex people’s rights. Forward it to your friends who will never stop pushing for equality.

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DISCLOSURES
 
*The “Three Months Free” promotional offer is offered to those who sign up for an Ellevest Executive Membership service on or before 12 AM EDT on November 2, 2020 (the “Promotional Period”). Clients who enroll before the end of the Promotional Period will pay no Ellevest Membership fee for the first three months of their membership period, starting on the date the membership agreement is acknowledged. After three months from this date, the applicable fees for the Membership service selected will be reinstated. Other fees as described in the Ellevest Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
Ellevest reserves the right to refuse to award you the Promotional offer if it determines, in its sole discretion, that the promotion was claimed under wrongful or fraudulent circumstances, that your participation is against the spirit of the program, that making payment would constitute a violation of your Ellevest Membership Terms and Conditions Agreement or applicable federal or state law, or that incomplete or inaccurate information was provided. Ellevest reserves the right to end or modify any promotion at any time.
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.
Banking products and services are provided by Coastal Community Bank (“Coastal”), Member FDIC, pursuant to license by Mastercard International. Your Ellevest Spend and Save Account deposits will be insured to the regulatory limits by the FDIC through Coastal Community Bank, Member FDIC.
Funds held in your Ellevest investment accounts are not FDIC insured, not guaranteed by Coastal, and may lose value. Ellevest does not guarantee investment performance.
Ellevest Membership fees are as follows: Ellevest Essential is $1 per month, Ellevest Plus is $5 per month, and Ellevest Executive is $9. 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

Raising Elle Edition: Zoom fatigue and teachers

Friday, October 23, 2020

Plus: Why we should thank our teachers more often. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

What You Can Do When Burnout Happens

Thursday, October 22, 2020

The answer is not “blame yourself,” btw. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

What I Told Newsweek About the Economy

Tuesday, October 20, 2020

What we need to do to fix the economy is obvious — at least to me. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Raising Elle Edition: Disability Awareness and Advocacy

Monday, October 19, 2020

Plus: How to disclose your disability to your employer. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

How to Prepare for a Job Interview

Thursday, September 17, 2020

Even if you're not looking right now. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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