Ep 439: When Department Stores Were The Most Glamorous Place To Be

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 4 September 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Close your eyes for a second and step back to the 1940s. Specifically, New York City in the 1940s. You’re walking down the crowded street with a certain pep in your step because guess what? You’re headed to your favorite department store, Lord & Taylor. Department stores were not only the places where women shopped but also the places where women had power — power they did not have elsewhere at the time. Julie Satow joins us to talk about her new book: “When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion,” and how women working in department stores in the early 1900s carved new paths for what it means to be a woman at work today. Takeaways: Department stores were not only places where women shopped, but also where they had power and influence. Women who worked in department stores had the opportunity to have successful careers and financial independence. The women highlighted in the book faced challenges and made sacrifices in order to succeed in a male-dominated industry. Chapters: 00:00 Department Stores in the early 1900s 6:00 How Department Stores Empowered Women 14:17 Challenges Working Women Faced 23:36 Inspiration for Women Today 30:00 Transition to Mailbag Segment 32:00 Mailbag Question 1: Where do I put the money my kids made this summer? 37:00 Mailbag Question 2: Will closing my business credit card hurt my credit? Have a question for us? Write to us at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. 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.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	When we look ahead to retirement, one big question, big is are you doing everything you can to maximize
0:17.4	your Social Security benefits and save for the future?
0:21.2	It's time to make sure your plan is rock solid.
0:24.4	Visit plan E.F.com slash Her Money to learn more about specific ways to do just that
0:30.3	with a complimentary wealth checkup.
0:38.0	Hey everyone, I'm Jean Chatsky. Thanks so much for joining me today on Her Money,
0:40.0	where we talk about how personal finance and money touches everything in our lives.
0:46.4	I want you to close your eyes for a second.
0:49.2	Step back with me to the 1940s, specifically to New York City in the 1940s.
0:56.6	You're walking down a crowded street, a stroller in one hand, a new purse in the other, you're wearing a modest knee length dress, of course,
1:07.0	and heading toward Lord and Taylor, your favorite department store.
1:12.0	You drop off your baby at the nursery, have lunch with your
1:15.6	three closest friends, pick up a steak for dinner that you will be making for
1:20.6	your family later and get your hair done and imagine. Imagine being surrounded
1:26.4	by hundreds of other women on every floor of that store serving you from the makeup counter to the kitchen aisle with a small
1:36.6	handful of men sprinkled throughout. This is heaven.
1:43.0	Department stores were not only the places where women shopped, but also the places where women had power.
1:51.0	Power that they didn't have in other places at that time. My guest today Julie
1:58.4	sat home took a deep dive into this world and a few of these remarkably powerful women. She is an
2:07.2	award-winning journalist and author of the New York Times Best Seller when
	...

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