You're A Dead Woman...In The Pink Ghetto

You're A Dead Woman...In The Pink Ghetto

You're A Dead Woman...In The Pink Ghetto

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You're A Dead Woman...In The Pink Ghetto

"So far in 2010 The New York
Times has published
 698
obituaries.
 
Only 92 of those were of women."

 

I came across this startling statistic on Catalyst's
blog 
(a
must read for anyone who is interested in global women's economic empowerment).
They in turn were highlighting a
moving and thought-provoking article in the Harvard Business Review written by
Bill Taylor
, co-founder of Fast Company magazine. What's the cause of this
obit gap? At first blush you might say - well, women live longer. But, nope,
that's not it. It comes down to the money, honey. As Bill succinctly put it,

 

 

"As a
society and business culture, we still tend to equate money with success...
Which helps to explain why so many wealthy males get New York Times obituaries,
while women who died with smaller bank accounts, but who may have led richer
lives, don't get the attention they deserve."

 

It's been three days since I read Bill's excellent article,
and I still can't get this statistic out of my head. One could argue that with
the passing of a few more years, the ranks of women who will have had enough
time to climb high enough on traditional ladders of corporate success to have
"earned" an obituary in The New
York Times
 will have risen.
But will the passage of time really solve the problem?

 

Bill states, and I concur, that he'd "much
rather read about the passing of a gifted educator, or a committed neighborhood
leader, or a beloved nun, than yet another starched-shirt banker or lawyer.
These unsung heroes and grassroots innovators don't live forever — even if
their ideas and impact do."
 However,
my concern is that for too long women have been the unsung and UNPAID heroes
during key periods of societal change and transition. Our nation is clearly in
the midst of one of those defining moments. As we reboot,
reset, and restart
 - my dream
is that we don't, once again, leave women to live out their years in
the pink ghetto
... giving it our all, working our backsides off, and yet
still struggling to make ends meet at the end of the day.

 

What's the answer? That's a big question that will
require a multi-faceted response. But one piece must be increased financial
education. I meet entirely too many fantastic women doing incredible work for a
pittance of pay. If more women (and men) grasped the enormity of the havoc
brought about by pay inequality (on both a gender and career basis) we'd see
some seismic societal shifts. Where to start to get money smart? Three websites
I love are DailyWorth.com, LearnVest.com
*, and SmartAboutMoney.org.

 

* FTC
Disclosure: I currently serve as the "Investing Expert" for
LearnVest.com




Want more financial love? You can follow Manisha on Twitter at @ManishaThakor and sign
up for her
email updates here.
Starting in Fall 2010, Manisha will teach an innovative online course on
"Financial Literacy 101" for woman though www.Sympoz.com.
Manisha Thakor, personal finance expert for women, can be reached via her website,
www.ManishaThakor.com.

 

 

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