Almost 1 in 4 women (24%) reported that their financial wellness is worse today than two years ago, compared to only 17% of men who said the same, according to a recent survey.
The pandemic and resulting economic volatility have made women more aware of, and focused on, their short and long-term financial wellness. www.tiaa.org
Nearly 40% of women say they don’t not have anything saved for retirement. The TIAA survey showed glaring examples of how women face bigger challenges than men when it comes to both their short- and long-term financial futures:
• More women (25%) say they carry an “unmanageable level of debt” compared to 17% of men.
• More women (29%) struggle to pay monthly bills, including utilities, rent, loan payments and credit cards. For men, it was 19%.

Far fewer women (31%) are saving for retirement, compared to men (44%). And the pandemic has made matters worse, as nearly two million women have left the workforce since 2020. Women also retire about two years earlier than men, but typically live longer. The net result of all these factors is that women’s retirement savings and investments generate about 30% less income than men’s once they stop working, and women also face a greater risk of running out of money in retirement.
Women are behind in retirement planning and the gap between the financial wellness of men and women continues to widen. According to the survey:
 63% of women say they have any money saved toward retirement, compared to 80% of men.
 44% of men say they are currently saving towards retirement compared to 31% of women.
 35% of men are confident their retirement savings are on track to live comfortably throughout retirement without running out of money, compared to 19% of women.

Shelly-Ann Eweka, Senior Director of Advice Strategy at TIAA, discusses this latest survey results and why it’s important for employers to take the necessary steps toward empowering women to learn more about their financial wellness before they reach the age of retirement. Eweka will also outline how research shows that employers must take a tailored approach to support women improve their financial well being and close the retirement gap.

Interview courtesy: TIAA

NO SECRET THAT DURING THE PANDEMIC, WOMEN SUFFERED MUCH MORE FINANCIALLY THAN MEN, BUT A NEW SURVEY SHOWS HOW THIS COULD IMPACT THE REST OF THEIR LIVES.

TODAY, ONLY 19% OF WOMEN FEEL CONFIDENT THEY’RE ON TRACK TO LIVE COMFORTABLY THROUGHOUT RETIREMENT WITHOUT RUNNING OUT OF MONEY.THAT’S BARELY HALF THE NUMBER OF MEN WHO FEEL THAT WAY.

AND ONCE WOMEN STOP WORKING,THEIR RETIREMENT SAVINGS AND INVESTMENTS GENERATE ABOUT 30% LESS INCOME THAN MEN’S.

HERE WITH A CLOSER LOOK AT THE FINANCIAL WELLNESS GAP AND TO EXPLAIN WHAT WOMEN CAN DO TO TAKE CHARGE OF THEIR FINANCIAL FUTURE, IS SHELLY-ANN EWEKA, (EH-WIH-KA) SENIOR DIRECTOR OF FINANCIAL PLANNING STRATEGY AT T-I-A-A.

Bio

Shelly is part of the team at T-I-A-A that helps customers plan their finances so they reach their retirement goals – both before and after they stop working.

She’s an industry leader who serves as an expert on the Woman-to-Woman Community section of TIAA.org., She’s also a member of several organizations within TIAA, including ones for Black and female employees, which create leaders and influence culture.

Shelly has been quoted in U.S.A. Today, Black Enterprise and several national media outlets and financial websites.

#shelly #eweka #tiaa #april #ciaa #financial #wellness #economic #vitality #retirement #credit #card #loan #payments #ann #gap #leaders #black #enterprise #media

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Imagine! Comedians actually got through a routine without using the “F” word.

WHILE JEWISH PEOPLE MAKE UP ABOUT 2% OF THE U.S. POPULATION, THERE WAS A TIME WHEN THEY MADE UP 50% OF THE FAMOUS COMEDIANS

You may remember the old Jewish Comics:

Shecky Greene, Red Buttons, Totie Fields, Joey Bishop, Milton Berle, Jan Murray, Danny Kaye, Henny Youngman, Buddy Hackett, Sid Caesar, Groucho Marx, Jackie Mason, Woody Allen, Lenny Bruce, George Burns, Allan Sherman, Jerry Lewis, Carl Reiner, Shelley Berman, Gene Wilder, George Jessel, Alan King, Mel Brooks, Phil Silvers, Jack Carter, Rodney Dangerfield, Don Rickles, Jack Benny, Sid Caesar, and so many others.

There was not one single swear word in their comedy. Here are a few examples:

* I just got back from a pleasure trip.
I took my mother-in-law to the airport.

* I’ve been in love with the same woman for 49 years!
If my wife ever finds out, she’ll kill me!

* What are three words a woman never wants to hear when she’s making love?
“Honey, I’m home!”

* Someone stole all my credit cards, but I won’t be reporting it.
The thief spends less than my wife did.

* We always hold hands.
If I let go, she shops.

* My wife and I went back to the hotel where we spent our wedding night.
Only this time I stayed in the bathroom and cried.

* My wife and I went to a hotel where we got a waterbed.
My wife called it the Dead Sea.

* She was at the beauty shop for two hours.
That was only for the estimate.

* She got a mudpack and looked great for two days.
Then the mud fell off.

* The Doctor gave a man six months to live.
The man couldn’t pay his bill, so the doctor gave him another six months.

* The Doctor called Mrs. Cohen saying, “Mrs. Cohen, your check came back.”
Mrs. Cohen answered, “So did my arthritis!”

* Doctor: “You’ll live to be 60!”
Patient: “I am 60!”
Doctor: “See! What did I tell you?”

* Patient: “I have a ringing in my ears.”
Doctor: “Don’t answer it!”

* A drunk was in front of a judge.
The judge says, “You’ve been brought here for drinking.”
The drunk says “Okay, let’s get started.”

* Why do Jewish divorces cost so much?
They’re worth it.

* The Harvard School of Medicine did a study of why Jewish women like Chinese food so much. The study revealed that this is due to the fact that Won Ton spelled backward is Not Now.

*There is a big controversy on the Jewish view of when life begins.
In Jewish tradition, the fetus is not considered viable until it graduates from medical school.

Q: Why don’t Jewish mothers drink?

A: Alcohol interferes with their suffering.

Q: Why do Jewish mothers make great parole officers?
A: They never let anyone finish a sentence!

A man called his mother in Florida, “Mom, how are you?”
“Not too good,” said the mother. “I’ve been very weak.”
The son said, “Why are you so weak?”
She said, “Because I haven’t eaten in 38 days.”
The son said, “That’s terrible. Why haven’t you eaten in 38 days?”
The mother answered, “Because I didn’t want my mouth to be filled with food if you should call.”

A Jewish boy comes home from school and tells his mother he has a part in the play.
She asks, “What part is it?”
The boy says, “I play the part of the Jewish husband.”
The mother scowls and says, “Go back and tell the teacher you want a speaking part.”

Q: How many Jewish mothers does it take to change a light bulb?
A: (Sigh) “Don’t bother. I’ll sit in the dark. I don’t want to be a nuisance to anybody.”

Did you hear about the bum who walked up to a Jewish mother on the street and said, “Lady, I haven’t eaten in three days.”
“Force yourself,” she replied.

Q: What’s the difference between a Rottweiler and a Jewish mother?
A: Eventually, the Rottweiler lets go.

Q: Why are Jewish men circumcised?
A: Because Jewish women don’t like anything that isn’t 20% off.

#pleasure #trip #airport #stole #credit #reporting #thief #spends #wife #ringing #ears #drunk #judge #drinking #started #Jewish #divorces #cost #much #worth #controversy #tradition #fetus #considered #viable #graduates #medical #school #interferes #suffering #great #parole #officers #light bulb #sit #dark #nuisance #Rottweiler #men #circumcised

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—Barbara Thole, Hong Kong, Founder, The Executive Forum “This book crackles with the familiar electricity of unspoken truths about China and its relationship with the US. Its many keen observations and insights surge forward at an irrepressible pace, as if mirroring the rapid change it is describing. It is a prophetic window into the future and a sound handbook for what to do when we get there.”

—Hu Maomao, Beijing, Partner, Eigen Capital
China is surging in the tech race — and will continue to outperform the United States. The rising power has done exceptionally in Super Apps, bullet trains, 5G, electric vehicles, digital currency, smart cities, blockchain applications, and quantum communications in space, among others. Its payment platforms are increasingly adopted along the entire Silk Road. The genesis of this book was to discover an “Apollo Program” for the US to catch up in these areas, but we discovered a much deeper need for a social/mental health Apollo Program for millennials who are bogged down by a host of under-appreciated and intertwined issues which cause anxiety and alienation and lead to massive losses in workplace productivity. This book proposes two Apollo programs — one for tech and one for millennials — by a millennial. Strategies for cracking the highly competitive Chinese Super App e-commerce market are also revealed.

“Paul looks at how technology is shaping our world through two defining lenses. The first is the generational shift in the adoption of technology and the second is the geo-political machinations between China and the US. How this plays out will define the world we live in!”
—Rob Jesudason, Hong Kong, CIO, Serendipity Capital (former President of Block.one)

“No person can tie the sociological, political, financial and technical issues at hand better than Paul. He once again tells of revolutionary and evolutionary changes that can only be ignored at one’s peril. If you don’t think that Paul is accurate in his assessments, then reread this book 18 months from now.”
—Frank Wang, Hong Kong, Former Co-CEO of OCBC Wing Hang Bank

“This book offers insight into today’s most important issue: the tech race, and why the West is losing. Schulte’s unique position at the intersection of tech, mental health, and where East meets West gives him an unparalleled understanding of why the West is losing the tech race, and what to do about it. As a Western millennial living in China, I witness the accuracy of Paul’s thesis every day. My only hope is that all Western business and political leaders read this before it’s too late.”
—Corentin Trebaol, Paris, CEO, Aconia Group

“Amazon is changing not only our buying lives but, also, our managing models. Brian Dumaine takes us inside the enterprise to see exactly how Jeff Bezos and his legions are doing it, sourcing anything in sight by overnight or less. A game-changer, the company has become one of America’s most omnivorous and disruptive start-ups ever. Buy Bezonomics today.”
—Michael Useem, Professor and Director of the Wharton Leadership Center, University of Pennsylvania

“Perhaps the most valuable aspect of Schulte and Groves’ research is not just the emphasis they place on powerful novel technologies, but the way in which this technology is placed in conversation with larger cultural and policy challenges that stifle US progress in the international community. Millennials have experienced America in the midst of one of her greatest failures, and the need to remedy and rebuild this divisive generational rift is paramount for the success of her future.”
—Jason Kang, Cambridge, Mass, Fellow, Narang Labs, Harvard University

“Few people can bridge the east and the west, the millennials and the older generations better than Paul Schulte. Well-written, brilliant and balanced, this book offers a timely insight into the frontiers of technology and the two leading countries: US and China in their quest for global leadership in the age of new technologies.”
—Ben Shenglin, Hangzhou, Professor & Dean, International Business School & Academy of Internet Finance, Zhejiang University

The Race for 5G Supremacy: Why China Is Surging, Where Millennials Struggle, & How America Can Prevail
By Paul Schulte
Hardcover : 260 pages
ISBN-10 : 9811218706
Product Dimensions : 6 x 0.63 x 9 inches
ISBN-13 : 978-9811218705
Publisher : World Scientific Publishing Co (June 15, 2020)

Paul Schulte first went to China as an equity analyst with Credit Suisse in 1992. He has analyzed seven five-year plans and has conducted research on Chinese equities for over 25 years having worked with Barings, Lehman, Nomura and China Construction Bank Intl. in Hong Kong. He has also been teaching millennial graduate students on five continents since 1999. He has written three books on China’s technological rise and has taught in China at Tsinghua, Fudan and Zhejiang universities. He also worked at the White House National Security Council, the House of Representatives, and the International Trade Commission. He was also an advisor to the Indonesian Minister of Finance in the 1980s.

#paul #schulte #race #5g #supremacy #china #surging #america #prevail #millennials #struggle #tech #space #state #affairs #social #white #house #security #council #finance #hong #kong #analyst #credit #beijing #rapid #change

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Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America¹s entrepreneurs and small business owners. More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year. www.navyfederal.org.

To kick off National Small Business Week, we have a special interview with Jim Salmon, the head of Business Lending at Navy Federal Credit Union.
to discuss what¹s needed to start and grow a business, and he¹ll share information about programs designed to help military veterans run a successful business. A military veteran himself, Salmon will also discuss why it¹s good business to support veteran-owned and operated businesses and how veterans have many of the skills necessary to run a successful business.

We hear a lot about helping our brave veterans, but the sad fact is that despite an improving economy, many have difficulty finding employment after leaving the military. According to the Bureau of Labor Statistics (BLS), young male veterans, ages 18 to 24, who served during the Gulf War II era, including those who have served at any time since September 2001, had an unemployment rate of 21.9% (more than double the national average). That¹s why in celebration of National Small Business Week (May 4-8), the not-for-profit Navy Federal Credit Union is hoping to spread the word that entrepreneurship ¬ if done right ¬ can be a rewarding career for military veterans. Navy Federal¹s membership is open to all armed forces members and their families.

The post OPPORTUNITIES TO SUPPORT OUR TROOPS appeared first on Good News!.

The post Bob Greenberg, Carmen, Rabbi Jill Hausman and Jeffrey Gurian appeared first on Good News!.

Club 101: 101 Park Avenue (@ 40th Street) in New York City

Dr. Lori Sokol, Founder & Publisher, Sokol Media Inc.

Lori Sokol, Ph.D., Founder & Publisher of Work Life Matters, announced that all honorees will be profiled in the annual special awards issue of Work Life. Matters Magazine to be published nationwide in December 2012. Companies include: Campbell Soup Company, Credit Suisse, Davis Polk & Wardwell LLC, Discovery Communications, Eli Lilly and Co., ESPN, Fried Frank Harris Shriver & Jacobson LLP, Microsoft, NBCUniversal, New York Life, Orbitz Worldwide, Unilever among Top Companies named by Work Life Matters Magazine for their Pioneering Leadership in LGBT Equality.

•                                         Loreen Arbus, Philanthropist/Producer/Disability Rights Activist and first woman to head up programming at a major U.S. television network.

•                                        Jonathan D. Lovitz, former Host of Logo/MTV’s hit series “Set Up Squad”/actor/activist.

•                                        Margot Bingham, Star of “In Between Men” and the new face of Revlon.

•                                        Nick Mathews, Star of “In Between Men”

•                                        Lauren LoGiudice, Star of the film “When Harry Tries to Marry”

•                                       Timothy Mandala, star of the Vin Diesel series “The Ropes”

•                                        Nick Ayler, DJ/Actor/Model

•                                        Rob Sedgwick – actor “Damages” “Law & Order”

•                                        Annmaria Mazzini Sedgwick – Noted choreographer and former star dancer of The  Paul Taylor Company

•                                        Camilla Barungi of “Project Runway” fame/entrepreneur/activist

•                                        Josh Folan, star of the new films “What Would Bear Do?” & “All God’s Creatures”

•                                        Javier Gomez, noted photo journalist & activist

•                                       Sebastian La Cause, star of the hit series “Hustling” & acclaimed Broadway star.

•                                       Jessica Press, star of the hit series “Hustling”

•                                        Mike Ruiz, of “The A-List: New York” fame & acclaimed photographer/activist

•                                        Matt Anctil – Broadway star of “La Cage Aux Folles”

•                                        Victoria Milne – Director, Creative Services (Creatvie Director) at Department of Design & Construction, New York City

•                                       Stacey Tisdale – Correspondent PBS “Need To Know”

•                                        Cheryl Wills – Award Winning Anchor NY1 News Television

ABOUT WORK LIFE MATTERS MAGAZINE:

Work Life Matters Magazine is a national business publication that provides news and analysis about the corporate, public and social issues inherent in the quest for achieving effective work life balance on behalf of our nation’s workforce. Published since 2002, the publication annually pays tribute to companies that serve as leaders in their respective fields by providing innovative and effective work/life balance programs and policies for their employees. www.lorisokolphd.com

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