$avvy: Take Back the Reins of Your Financial Future
PODCAST: $avvy: Take Back the Reins of Your Financial Future
Robin Hauser is a director and producer at Finish Line Features and Managing Director at Unleashed Productions, Inc. Her most recent film, $avvy, is a documentary for women that emphasizes the importance of understanding and taking control of their finances. It investigates the historical, cultural, and societal norms surrounding women and money, and brings humor and honesty to why women take a backseat to managing their money. Robin joins Stacy Francis to discuss why it is critical for women to take the reins of their financial future.
– The pandemic has impacted women in negative ways. Statistics show that due to the current crisis, the rates of unemployed women have risen and the rates of women being promoted have declined. Additionally, a 2019 study showed that 54% of women abdicate major financial decisions to men in their lives, and 61% of millennials are doing the same.
– One way for married women to become more involved in their finances is by asking their spouse questions about how their money is being managed. It raises a red flag if their spouse becomes defensive and wants to withhold such information.
– Women spend more time out of the workplace to care for elderly parents and children, which makes them earn less money and less social security. Single women are impacted the most by this.
– The stock market is the number one generator of wealth in the US, but the aggressive, warlike attitudes and terminologies associated with it intimidate women and deter them from participating in it.