📣 Opinionated: What the Texas Law Costs Women

Plus, how you’re feeling about the term “girlboss.” ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
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The devastating cost of this regressive tax on women

 

At Ellevest, we believe that only good things happen when women have more money. Not just for women themselves, but for everyone (their families, the economy, and the men in their lives, to name a few).

The inverse of that, of course, is that negative things can (actually, do) happen when women have less money … and thus less power and autonomy.

And it’s been tough-going of late, with the pandemic and the Andrew Cuomo allegations. But nothing feels quite as pit-in-our-stomach for the well-being of women+ as what’s going on in Texas.

The anti-abortion law in Texas is many things, covered in detail by many dedicated journalists. But one thing I want to emphasize is that this law is a regressive tax on people who can give birth: Data shows that it will cost women more than men (to state the obvious), and it will cost women with less money even more by snowballing their financial hardship. In a 2018 study, researchers found that women who were refused abortions were nearly four times as likely to live below the federal poverty line four years later as women who had them. (And that was without the pandemic making things worse.)

When women have less money (and power and autonomy), it costs us all.

This will be true for Texas, perhaps especially when it comes to recruiting and retaining employees. According to one study, 56% of women and 54% of men say they would be discouraged from taking a job in a state that has restricted access to abortion. And that can have a direct, negative impact on the economy of the state.

Acts of financial self-care, such as saving and investing, can be subversive acts for women: Having been socialized that “women aren’t good with money” and “women buy too many lattes,” taking control of one’s financial life flies in the face of these norms.

But it’s also — of course — self-preservation.

Sallie's signature
CO-FOUNDER & CEO

PS: If you’re looking for ways to help women’s rights organizations in Texas, here’s a list to research and consider supporting.

 SHARE THIS OP-ED 
 

The unraveling of “girlboss”

In a recent article for The Cut, Samhita Mukhopadhyay unpacked the full-blown phenomenon of #girlboss as a blueprint for ambitious women “hustling” to make it in the professional world. So we asked how you’re feeling about the term “girlboss.” Here’s what you said:

RIP in 2020 💀 82%
 
Me in 2015 18%

“Being well rested and letting go of the glorification of hustle culture.”

Elle Raiser @chellyfrancis on what ambition looks like in the post-girlboss era. 💸 TL;DR: Women are still incredibly ambitious, but we've evolved past a catchy hashtag to define that ambition.

A black and white photo of a woman on top of a dollar bill. Illustration.

Knowledge is power, too

Arm yourself with the facts you need to have honest conversations about women+ and money — at home, at work, and even at the dinner table. (Sorry, Emily Post.)

GET THE STATS >

Two women looking up at a giant four-function calculator. Illustration.

Your money, your values

Join next week’s small-group working session to identify your values and use them to make money decisions — like donating to causes that you love — feel even more meaningful.⁠

BOOK IT >

Tweet by @ArlanWasHere that reads, “People think I’m powerful now because I have money. I’m powerful now bc money doesn’t have me.”
 

5 links to spend time with today

A helpful list of orgs fighting for women’s reproductive rights from a woman-founded, women-led company. 📩

“Our tendency to work 20% too much is neither arbitrary nor sinister: it’s a side effect of the haphazard nature in which we allow our efforts to unfold.” A computer science prof sounds off on the ubiquity of overwork.

Tig Notaro + Margaret Cho = 35+ minutes of 😂

All the awesome “firsts” that have been accomplished by women at the Paralympic Games.

At 85 years old, Joy Ryan had never seen a mountain. Six years later, she’s visited 61 of the 63 US national parks with her grandson.

 

Financial wellness, peace of mind, a community of women+ lifting each other up.

 BECOME A MEMBER 

This week’s newsletter was brought to you while researching where to stargaze. Forward it to a friend who’s always the brightest person in the room. ⭐

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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.
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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.
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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

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Tuesday, September 7, 2021

Plus, how to plan for the career you want. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Do you feel good at work?

Thursday, September 2, 2021

Because you deserve to. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🏢 Opinionated: How Are You Feeling About Work Right Now?

Tuesday, August 31, 2021

Plus, the career courses that can help you get more and why you should pencil in daydreaming. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Pencil Us In: This Week’s Events

Monday, August 30, 2021

Including: How to create an eye-catching resume. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Oh Hey, Student Loans

Thursday, August 26, 2021

We didn't miss them (but here's how to prep!). ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Longreads + Open Thread

Saturday, October 16, 2021

Instant Delivery, Slack, Social Science, Nuclear, Returns, FedEx ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Elizabeth Holmes trial Week 6 recap: Trouble with Safeway and Walgreens deals, and how a dermatologist became the startup's lab director

Saturday, October 16, 2021

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Global traffic jam

Saturday, October 16, 2021

View in browser Bloomberg Follow Us Get the newsletter Port logjams are getting worse, with broken supply chains sparking global shortages of everything from bicycles to vaccine vials. The Port of Los

Weekly Wrapup - The devil is in the details

Saturday, October 16, 2021

Finshots Weekly Wrapup - The devil is in the details In this week's wrapup, we talk about the credit rating agencies, Air India, and this year's Nobel prize winners. But if you want to check

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Friday, October 15, 2021

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FTT Update: Tell Me You Believe In Web 3 Without Telling Me You Believe In Web 3

Friday, October 15, 2021

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💸 Money Cheat Sheet: How’s Your Self-Care?

Friday, October 15, 2021

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Trillions: The Rise of Passive

Friday, October 15, 2021

How The Asset Management Industry Got Disrupted ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

It's not a buyer's or a seller's market in housing: It's a builder's market

Friday, October 15, 2021

America needs homes, but builders aren't rushing. "People want an oversupplied market, and we just don't do that in America," an expert told Insider. View in browser Business Insider

FedEx: Two Bets on Network Effects

Friday, October 15, 2021

Plus! Aging Into Owning the Metaverse; Fake Reviews; Ads and Addicts; Coal; Diff Jobs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌