There was record job growth in June, but National Women’s Law Center data shows that many women were left out of this economic rebound. According McKinsey & Company, women’s jobs have been 1.8 times more vulnerable to this crisis than men’s jobs.
Thirty-six percent of all businesses are women-owned, and the number continues to grow. However, it’s still a struggle to make it as a female entrepreneur. A 2019 Columbia Business School study found that female-led ventures are 63% are less likely to receive VC funding — even though when female-led ventures do receive VC funding, they are just as likely to achieve exit outcomes through IPOs or acquisitions.
More often than not, women with families take the lead when it comes to running their households and focusing on tasks such as home upkeep, managing schedules and children, and tracking bills and sending payments. However, studies reveal that many women with families are less involved when it comes to making longer-term financial plans within their family setting.
For women the world over, turning age 50 is a milestone event. It’s often a transition point when nests empty, careers change and priorities shift. This can inspire a decade of renewal with opportunities to focus on you and greater freedom to do what you want.
Baby Boomers, Gen Xers, and Millennials all have one thing in common – we love to talk about the joys and trials of our own generations. The social proof is all over the media. However, there’s a whole generation of people that deserve equal time in the spotlight, and they have commonalities that span gender, race, socioeconomic status and sometimes age. We’re talking about the Sandwich Generation.