Millennial women

The Sexist Reason Millennial Women Aren't Investing

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glamour.com - If you have a little extra dough, what do you do with it? According to the results of a new survey, as long as you're a millennial woman, you don't invest it. In fact, a full 79 percent of millennial women don't play the stock market—and we know why. You can probably guess: sexism.

It's not the weight of student debt, like you might think. Only 13 percent of women say school loans keep them from investing their money. Rather, the Harris Poll survey, commissioned by investment app Stash, found that 76 percent millennial women think investing is confusing, while 60 percent think investing is an old white man's game—and gain, apparently. (A separate recent survey shows 10 percent of women believe Wall Street pays more attention to men than women.)

What's more, even if millennial women could move past the mental barriers keeping them from investing, they don't think they have the money to do so. Almost half—41 percent—of millennial women feel they don't have enough cash to invest in the stock market. And even more think they need beaucoup bucks to get started. According to the survey, 70 percent of millennial women think they need at least $100 to invest, while 38 percent think they need at least $1,000 to get started.

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5 Powerful Tips For Female Professionals Who Want To Own The Table, Not Just Have A Seat

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Erica Nicole, the founder and publisher of YFS Magazine, discusses how everything from playing to your strengths and shifting the dialogue to taking chances and helping others are crucial in our work to increase the economic participation, advancement, and success of women in business.

huffingtonpost.com - As a millennial entrepreneur, I was once asked by a journalist about the challenges of being young, African-American and female. Admittedly, I was taken aback; in my career — I’ve grown a “one-woman” startup blog into a leading global business media platform — none of these perceived challenges ever held me back. I was simply executing on my vision.

“I see it as a triple-threat,” I replied with a laugh, “certainly not a challenge.” While she applauded my gusto, our conversation made me keenly aware of gender parity. She, like many others, still saw my success and advancement in media as an outlier.

I get it.

The U.S. Department of Labor says that in 2014 57 percent of working-age women participated in the labor force, compared to 69 percent of men. Writing for the McKinsey Global Institute, Laura Tyson reports that, “Women continue to lag behind men in economic participation and opportunity by 15 to 25 percent.”

Tyson, a former chair of the President’s Council of Economic Advisors, went on to suggest that “taking bold actions now to increase the economic participation and advancement of women is critical to ensuring a strong foundation for rising prosperity in the long run.” I couldn’t agree more.

So how do we, the leaders, entrepreneurs and professional game-changers, boldly and pragmatically normalize what it means to be a woman in our respective industries? Can we truly get past being the “first woman to do X”? Here’s a refreshing approach every woman can take, both personally and professionally, to claim a seat at the table, and even own it if you dare.

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