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HerMoney with Jean Chatzky

Ep 223: What White Women Can Do To Be Allies For Women Of Color

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 22 July 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

Women of color are behind white women in almost every financial and career measurement. Today, we take a look at action steps that white women can take to be allies and advocates, and begin to truly make an impact. Administrative Judge Karen Ortiz and CEO of communications firm CJC Insights, Chanel Cathey, join us to talk about what it’s like to be the only woman of color in the room, and the biases and stereotypes that we all need to watch out for in our daily lives. In Mailbag, we talk about financially supporting our parents and paying down credit card debt with personal loans. In Thrive, the essential items that every woman should build into her budget.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an Airwave Media Podcast.

0:04.0

A true ally also has something to risk.

0:09.0

For example, sharing salary information.

0:12.0

If I have a white colleague and want to find out, are we getting

0:16.7

paid the same amount, that person would have to be willing to risk disclosing information that might not serve her, but for the greater cause,

0:27.8

for allyship will divulge that information or take similar actions.

0:33.0

Her money is supported by Fidelity Investments.

0:36.0

Whether you're celebrating a milestone or adjusting to the unexpected,

0:40.0

Fidelity's there to help you navigate life's important moments with confidence.

0:45.1

Visit Fidelity.com slash Hermani to learn more. Hey everyone. I'm Jean Chatsky. Thanks so much for joining me today on her

0:58.6

money. Today we are going to talk through some hard truths,

1:04.0

but we're also going to share some solutions,

1:06.0

some action steps that we can all really take

1:09.4

to make a difference.

1:11.5

Women of color are behind white women in almost every financial and career measurement.

1:18.4

There are so many statistics on this and they are all one more demoralizing than the next.

1:26.4

But let me just give you this.

1:28.4

We talk a lot about the fact that women overall

1:32.1

earn just 80 cents for every dollar that a man earns.

1:37.0

But black women earn just 61 cents.

1:40.4

Native American women earn just 58 cents and Latina women earn just 53 cents and unfortunately

1:49.2

the gender wage gap doesn't improve much even as women of color climb the corporate ladder.

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