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Largely as a result of the wealth gap, women tend to be more financially vulnerable than their male counterparts. Regardless of their household income, 93% of women feel stress when it comes to money, according to a new report by Fidelity Investments. In fact, financial stress levels drastically decrease with each additional month of emergency savings set aside, according to Fidelity. Roughly 81% of women with no emergency savings felt a fair amount or a lot of stress. Once women have three months' worth of emergency savings, only 26% report high stress levels, Fidelity found.
Persons: Stacy Francis, Francis, Paulette Perhach, Perhach, Lorna Kapusta Organizations: Francis Financial, Fidelity Investments, CNBC, Fidelity Locations: New York
In testing an app she developed for managing A.D.H.D., Dr. Hamdani noticed an additional challenge for women. Estrogen dips on premenstrual days, she explained, and because estrogen and dopamine typically work together, low estrogen means low dopamine, causing her to be more impulsive. Scratching the Dopamine Itch“Dopamine’s the magic molecule,” said Dr. Edward M. Hallowell, a board-certified psychiatrist and founder of the Hallowell ADHD Centers, where I was diagnosed. “Ordinary life just doesn’t do it for us,” said Dr. Hallowell, who also has A.D.H.D. “Whereas someone else wouldn’t need the extra boost of dopamine to feel good about being alive, we do.
Persons: Hamdani, , , Edward M, Hallowell, That’s Organizations: Locations: Hallowell
So You’re Going on a Trip You Can’t Afford
  + stars: | 2023-07-08 | by ( Paulette Perhach | ) www.nytimes.com   time to read: +1 min
Teodora Pirciu didn’t order the wine she wanted at dinner, even though she was on vacation to enjoy herself. Ms. Pirciu knew she would insist on paying the check for her son and her new boyfriend. At the time, nearly a decade ago, Ms. Pirciu was a 27-year-old single mother, barely covering the necessities with her job in politics and sporadic gig work as a D.J. If her boyfriend had paid for the entire trip, “I would have felt inferior,” Ms. Pirciu said. But with a few strategies, during the planning and while on the trip, you can avoid stretching yourself financially.
Persons: Teodora, Pirciu, , Ms Locations:
Would You Take Financial Advice From A.I.?
  + stars: | 2023-05-20 | by ( Paulette Perhach | ) www.nytimes.com   time to read: +1 min
Paul Weiner, an artist, has been experimenting with artificial intelligence for the past year, generating A.I.-created visual disinformation and seeing whether he can get the images to spread. But recently, he turned to ChatGPT, a chatbot that has the ability to respond to complex questions, for a much different reason: With his 30th birthday looming, he decided to ask it for advice about retirement planning. As the investment industry turns to artificial intelligence as a financial planning and advice tool, the values of accuracy, humanity, security and accessibility are jostling for prominence. In the future, who — or what — will we be asking to advise us on some of life’s most important decisions? He hasn’t yet opened any of the accounts or, as the chatbot also suggested, worked with a financial adviser.
Questions About Money to Ask While Dating
  + stars: | 2023-02-13 | by ( Paulette Perhach | ) www.nytimes.com   time to read: 1 min
Eleanor DavisOn a third date: Set expectations for how you will spend money together. Helpful questions include, “How should we divvy up our date night expenses going forward?” or “How do you feel about mixing up our dates with some nights out and some in to spend less?”
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