With her writing, speaking and advocacy, former Wall Street executive Sallie Krawcheck offers a powerful call for women to manage their own futures. Krawcheck considers herself a "financial feminist" and her message is tremendously important for the sustainability of our social safety net, not only for retirement, but healthcare, and other financial matters. She reports that women are 80 to 90 percent of retirement home residents, yet they retire with just some two-thirds of the money that men do. Even though they live longer than men, women also are far less likely to have invested and saved adequate funds for their retirement.
Krawcheck is the former CFO of Citi, CEO of Citi Wealth Management and CEO of Merrill Lynch Wealth Management and US Trust. She is also the co-founder and CEO of Ellevest, a digital investment platform for women seeking to close the gender investing gap in the U.S. by "redefining investing for women."
Krawcheck joined us yesterday for Salon Talk about her new book, new book Own It: The Power of Women at Work.
"The power of diversity is diversity, and with the resources we bring, we can increasingly know how much money we should make, ask for that raise, go to a getraise.com or one of many many other sites to figure that out," she said. "We can buy from companies that align with us. We can go donegood.com and see who we're buying from and what they do. We can invest in companies that align with things that are important to us. And, hey, we can start our own businesses to a much greater degree than we could five to ten years ago."