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Latina to Latina

Financial Expert Carmen Rita Wong: “Be Preoccupied about Our Money”

Latina to Latina

LWC Studios

Aliciamenendez, Entrepreneurship, News, Entertainment News, 519788, Business, Latinas, Lantiguawilliams, Latinos, Hispanics, Society & Culture

4.8618 Ratings

🗓️ 29 October 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Hey there, I'm Alicia Menendez. This is Latina to Latina. Each week we talk with Latinos on the rise.

0:08.5

And this week, we're doing something different. Today, we're talking about money. Here's why. November 1st is Latina equal pay day.

0:17.8

It's the day of the year that the average Latina has to work into the new year

0:21.9

to symbolically achieve the same pay a white non-Hispanic man earned the year before. It's a gap

0:28.4

that is barely budged in the past 30 years. This episode is a special collaboration between

0:34.4

Latina to Latina and phenomenal woman, a fundraising effort that supports

0:38.7

women's organizations. In studio with me today is Carmen Rita Wong. She is many things,

0:44.9

a writer, a mother, host of her own podcast, The Carmen Show, Life, Money, and No Apologies.

0:52.0

And today, she's going back to her roots as a personal finance expert to help us break down why this gap exists and how to get comfortable, really comfortable talking about money.

1:04.8

Hi, Carmen.

1:06.0

Hello, my love.

1:07.4

You know I like money.

1:08.9

Who doesn't?

1:09.8

Who doesn't?

1:10.4

54 cents for every dollar a white man makes

1:13.4

who or what is responsible for that gap. Oh my God. How many hours do we have? This is a graduate

1:19.8

thesis. It's so big. It's so huge. There's so many layers. And we hear about the pay gap.

1:25.7

We hear more the women, all women, that number versus men.

1:31.1

When you start breaking it down to African American, to Latinas, to age, then you get into

1:36.3

other layers.

1:37.1

You get into other history, the history of our people, how we're treated, our education,

1:40.8

all these things.

...

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