Loop Capital’s Post

Ellevest Founder and CEO, Sallie Krawcheck, spoke with Sidney Dillard, Partner at Loop Capital, about how prioritizing personal and financial growth can empower women. Key Takeaways: - Compared with men, women tend to earn less, take more career breaks, have their salaries peak earlier, and live longer lives. Combine that with societal stereotypes that dictate that being good with money is masculine and being bad with money is cute, fun, and flirty, and it’s easy to see why the odds are stacked against women to achieve financial success. - The gender pay gap is an often-talked about issue, but what’s less focused on is what Krawcheck calls the “gender wealth gap” – not how much women make compared to men, but how much they own and keep, i.e., the value of their assets minus debts. - Krawcheck also talked about “the feminization of wealth” – a term coined by her firm to describe a world in which women have more money. “When women have money, they use it differently than men,” she said. “They give more to nonprofits, to their communities, to candidates who champion women’s issues -- which are all our issues. Great things happen.” - Women need to prioritize their financial wellness. That means building a strong financial foundation, putting future-oriented plans in place, and improving their money mindsets to foster both long-term stability and confidence. Many thanks to The Chicago Network for partnering with us to host today’s event. Looking for more opportunities to learn from today’s leading minds? Explore Exec Club’s upcoming events: https://bit.ly/3MY5vgJ #WhereTheFutureMeets #ExecClub #SallieKrawcheck #Ellevest #EconomicEquality #GenderEquality #Investment #WomenInFinance #PayEquity #WealthEquity