Ladies, we have a problem. We don't talk about money enough. And why is that a problem? Well,

because guys are talking about money. And that means that guys know better how to negotiate their

salaries, how to get in there, how to ask for more money. When we don't talk about money,

not only do we not clearly communicate with each other that our work matters and has

value, we also are just ill-equipped to make excellent financial decisions because we're not learning

from one another. Today on the show, we are going to be talking about why women need to talk more about money.

First up, I will be chatting with Kathleen Entwistle. She is a senior vice president in a major

banking operation, and she's one of very few women to have risen to this prestigious

status. After that, I'm going to be sharing some of my biggest mistakes that I have made

throughout my time as an entrepreneur. So let's get to the show. Welcome to the Lindsay Elmore show,

a podcast that helps you find fulfillment amidst chaos. On this show, I interview thought leaders,

doctors, creatives, spiritual gurus, and game changers who inspire you to pursue your dreams,

overcome obstacles, and leave your mark.

When it comes to finances, it is women who will take the biggest financial hit from the current coronavirus pandemic. Schools are closed, and even working moms are likely to have to take on additional

responsibilities to care for their children and their children's education as well as caring

for elderly and at-risk family members. This is not great because women at baseline are already

at risk for income inequality. Baseline job offers for women tend to be

up to 7% less than their male counterparts. And women make an average of only 79 cents on the

dollar to men. And that's if you're Caucasian. Black and Latino women face even greater

disparities in income. And the pay gap is only the

beginning of the problem that women face in finance. Women are less likely to receive loans and have

higher rates of student loan debt. Female workers who take maternity leave report being more unable to pay their bills and are more likely to take on additional debt to pay for newborn care.

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