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☆ Female leadership in tech is falling
▼ + stars: | 2023-03-22 | by ( Mikaela Cohen | Kevin Travers | ) www.cnbc.com time to read: +7 min

With the backdrop of Women's History Month, Tacy Byham, chief executive officer of DDI, an international human resources and leadership development consultancy company, says it's no surprise the number of women in tech leadership roles is still low. Her company's research over the past 20 years shows that while the number of women in technology leadership roles has been rising, it's only ever reached 33%. But across the entire tech sector, the percentage of women in tech leadership roles is trending down, currently at 28%, according to DDI's 2023 Global Leadership Forecast, which surveyed 1,827 human resources professionals and 13,695 business leaders from over 1,500 companies around the world. Compounding the problem is the fact that on average, most companies don't offer leadership training to employees until nearly four years after they start their role. "These tasks don't always give them the points they need to help them move from a mid-level leader to an executive-level leader," she said.

☆ The pay gap has stalled and parenthood is a big reason why
▼ + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Caregiving and parenthood could be contributing to the gap in earnings between men and women. It provides a striking way of thinking about the gender pay gap. Pew Research Center also looked at how the pay gap has evolved over time and found that it has stalled. For instance, a research paper from Patricia Cortés and Jessica Pan found that "by the 2010s, child-related inequality accounted for nearly two-thirds of the overall gender pay gap in the U.S." Additionally, according to a fact sheet from NWLC, there's a pay gap between mothers and fathers. A Pew Research Center survey asked US adults why they think the pay gap persists.

☆ This Isn't What Millennial Middle Age Was Supposed to Look Like - The New York Times
▼ + stars: | 2023-03-14 | by ( Jessica Grose | ) www.nytimes.com time to read: +25 min

Things have been difficult for her family, she says, but one thing she isn’t worried about: a midlife crisis, looming just over the horizon. One of our questions was about whether they had experienced a midlife crisis and how they would define the term. Many people said they felt they couldn’t be having a midlife crisis, because there was no bourgeois numbness to rebel against. “Who has midlife crisis money?”The traditional midlife crisis, as presented in popular culture, at least, unfolds amid suburban ennui. We just increase our Lexapro.”Was the midlife crisis ever even real?

☆ The wage gap gets worse for women in their 30s and 40s—and it's not just the 'motherhood penalty'
▼ + stars: | 2023-03-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Women face a wage gap at every point in their careers, a gap that gets worse as they age and progress through their work lives. This difference in earnings is perhaps the most obvious once women hit their 30s, which is also when the gap begins to widen. Last year, 66% of working women ages 35 to 44 had at least one child at home, compared to just 39% of women ages 45 to 54, Kocchar found. But the explanation for why progress toward narrowing the pay gap stalls once women enter their mid-30s extends beyond the so-called "motherhood penalty." Experiencing early wage discrimination has a "compounding effect" that can hurt women's earnings potential for years to come, she adds.

☆ A millennial mom will 'basically do whatever it takes' to avoid a full-time job so she can be with her kids. Here's how she's scraping together part-time work and 2 side hustles.
▼ + stars: | 2023-03-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

In addition to caregiving, she had to get a part-time job to help support her family. She's among the millions of Americans choosing to work part-time due to burnout, childcare obligations, and to earn extra income. Her solution involves a part-time job and two side hustles, but at least she feels some ownership over her time. Megan is one of the over 22 million Americans working part-time voluntarily, according to Labor Department data. "I can spend the rest of my life working if I want, but my kids are only kids for so long."

☆ Biden's budget pushes to renew bigger child tax credit payments for families
▼ + stars: | 2023-03-10 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

President Joe Biden's proposed budget for fiscal 2024 includes a host of proposals aimed at helping families. That includes one key proposal — the reinstatement of the enhanced child tax credit that temporarily gave qualifying parents up to $3,600 per child for 2021 through the American Rescue Plan. Biden's plan calls for raising the current maximum child credit from $2,000 per child to $3,600 per child under age 6 or to $3,000 per child ages 6 and up. The budget also calls for permanently making the child tax credit fully refundable, which means people would still be eligible even if their tax liability was less than the credit amount. The earned income tax credit would be permanently expanded for childless workers, with the goal of keeping low-paid workers out of poverty.

People who fare the best in retirement find ways to cultivate connections with others, according to Harvard's 85-year happiness study. In 1938, Harvard researchers embarked on a study that continues to this day to find out: What makes us happy in life? As participants entered mid- and late-life, the Harvard Study often asked about retirement. 1 challenge people faced in retirement was not being able to replace the social connections that had sustained them for so long at work. Retirees don't miss working, they miss the peopleWhen it comes to retirement, we often stress about things like financial concerns, health problems and caregiving.

Andy Tenke, CNBCCompanies across the U.S. are dealing with both a shortage of workers and a shortage of child care. The personal lending company has workers in 44 states in corporate offices, operations centers and branches. Tara McCurrie, CNBCThe company worked to address the different needs of its workforce by adding new flexibility and care benefits. Branch employees were in the office, facing customers, throughout the pandemic, while many central operations and corporate office workers had hybrid options. "We want to meet our employees where they are; we want to give them the access to the care that they need," McHale said.

☆ Women bear the burden of caregiving in the U.S., and that impacts the workforce
▼ + stars: | 2023-03-08 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWomen bear the burden of caregiving in the U.S., and that impacts the workforceCNBC's Sharon Epperson joins 'The Exchange' to report on the impact women who stay home as caregivers has on the workforce.

☆ Over 2 million workers are missing from the US workforce. Here's how they're paying their bills.
▼ + stars: | 2023-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

There are over two million workers missing from the US labor force, per Bank of America Institute. They can thank gig work, living with others who are earning money, and excess savings or stimulus money during the pandemic. "There's no single driver that's really causing people not returning back to the labor force," Zhou told Insider. Below are different ways these "missing workers" from the labor force may still be affording expenses and paying bills. The "financial buffer" that some of these missing workers may be relying on could be a "temporary reason" they left.

☆ As Social Security reform talks heat up, changes to the retirement age, payroll tax may be on the table
▼ + stars: | 2023-03-04 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

A recent Congressional Budget Office report projected Social Security's combined funds may run out in 2033, two years sooner than the Social Security actuaries estimated last year. Raising retirement age may be a 20% benefit cutThe Social Security full retirement age is gradually changing to 67, based on changes enacted in 1983. Lawmakers are considering raising the full retirement age again to age 70. Current beneficiaries and near retirees would likely be spared from any retirement age changes. Warren and Sanders are calling for reapplying the Social Security payroll tax to income over $250,000, while also taxing certain business and investment income at 12.4%.

☆ Here's why American men die younger than women on average and how to fix it
▼ + stars: | 2023-03-01 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Men die younger than women in the United States, on average. American women had a life expectancy of 79 years in 2021, compared with men's, which was only about 73, according to CDC data. "Across, basically, almost every major cause of death, men are more likely to die than women are." That means there are some steps we can take to work toward helping men live longer. Watch the video above to learn more about why men die younger on average than women and what we can do to change it.

☆ Premarket stocks: Bad sign for stocks: Bond yields are white hot again
▼ + stars: | 2023-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The recent global bond rally appears to be tapering off as investors are getting a cold wet dose of reality about Fed rate hikes. Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. That tonal shift has sent stocks lower and Treasury yields higher, as investors rethink their views on the path of interest rates. The Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear achievable, she added. “As a result, although Fed rate hikes could slow the labor market in the coming months, we think labor supply faces persistent headwinds in the longer run.”

☆ 'P-Valley' star Brandee Evans shares how she balances her career with being a caregiver to her mother who has MS
▼ + stars: | 2023-02-16 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Brandee Evans does just as much work off-screen as she does in her role as "Mercedes" on the popular TV series, "P-Valley." When she's not filming, you can find Evans caring for her mother, who has multiple sclerosis. I literally was breaking down in my health, my mental health and my physical health, because I was trying to do it all," says Evans. Still, Evans equates managing her work and caregiving with walking "on a tightrope." Here's what Evans has learned along the way and tips for those who help care for a sick loved one.

Millennials have lived through two recessions and might be facing a third as their parents retire. Talking money with your parents isn't going to be fun, but it's a good idea to know their status. A major part of that preparation is figuring out where the money will come from to care for their parents. Decide who can provide the financial caretakingSo should millennials be saving for their parents' care? But Williams, the financial planner, doesn't advise millennials to focus their saving efforts on their parents' care.

☆ Is the Fed ignoring long Covid in its inflation fight?
▼ + stars: | 2023-02-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

But it’s premature to say that Covid is no longer an economic issue when long Covid has such a significant effect on America’s workforce, economists and health care officials say. Long Covid, which stems from a Covid-19 infection, is considered a chronic illness that is sometimes debilitating. As many as 30% of Americans, about 23 million people, develop long Covid after a Covid infection, said the US Department of Health and Human Services in November. “Long Covid has harmed the workforce,” said the report, compiled by the New York State Insurance Fund. Caregiving for those suffering from Covid or long Covid is also affecting the labor imbalance, said Giacomo Santangelo, an economics professor at Fordham University.

☆ Democrats Revive Push for National Paid Family Leave Policy
▼ + stars: | 2023-02-02 | by ( Natalie Andrews | Catherine Lucey | ) www.wsj.com time to read: 1 min

President Biden campaigned on providing parental leave and included 12 weeks of paid leave in his early proposal for families. WASHINGTON—Democrats are renewing their push for a national paid time off policy for medical reasons and caregiving, despite long odds of passing such legislation in the newly divided Congress. It has been 30 years since then-president Bill Clinton signed into law the Family and Medical Leave Act, which provides 12 weeks of unpaid leave a year for medical and family reasons to workers at larger companies, and bars employers from retaliating against workers for taking it.

☆ Remote work hasn't actually saved Americans much time — they're mainly just working more
▼ + stars: | 2023-01-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Not having to commute could mean getting to partake in leisure activities — or more time to get work done. A working paper looked at how people working from home are using their time saved by not commuting. In the US, 23 minutes of this time saved goes to jobs, 19 minutes on leisure, and four minutes on caregiving. Looking at just the results for these wealthy democracies, the US stands out for its lack of minutes saved. This isn't just the case for remote workers in the US; other countries like France also saw workers using most of their saved time on work.

☆ Some CEOs are pushing workers to return to the office, but it could come with a cost: hurting diversity
▼ + stars: | 2023-01-28 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

But remote work has benefited many people with disabilities, many Black workers, and others. But Dimon appears more bearish when it comes to another measure that's been shown to promote diversity: remote work. Citadel CEO Ken Griffin slammed remote work at a conference last year, saying innovation and creativity declines because of it. The shift to remote work has been especially helpful for people with physical difficulties and mobility limitations. MoMo Productions/Getty ImagesSome Black workers report facing less discrimination and fewer microaggressions working from home than when they're at the office.

☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

☆ These are the 3 most promising side hustles of 2023: Delivery jobs 'take way too much of your earnings,' says expert
▼ + stars: | 2023-01-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

A food delivery man crosses the street in Times Square in Manhattan on March 17, 2020 in New York City. "Now, the big growth really is with professional platforms where people can earn six-figure incomes from home, doing everything from marketing to law." She adds part of the shift could be because platforms like Uber and Lyft "take way too much of your earnings." To start, here are the three most promising side hustles of 2023, according to Kristof:Selling your skills and knowledgeA lot of people are making money selling what they already know, according to Kristof. According to the same poll, 22% of Boomers, who range from age 58 to 76, currently have side hustles.

The wealth gap remains a harsh reality for women of color, which makes it harder to build wealth. "Decide on what you're going to save and invest on a monthly basis," she says. You might not have been exposed to building wealth, the tenets of investing and paying taxes, and basic financial planning. Don't worry about getting it perfectFor first-generation women of color, it starts with learning more and doing more. You're going to make mistakes and you're going to trip along the way.

☆ As U.S. unemployment improved, it worsened for Latinos and Black women
▼ + stars: | 2023-01-13 | by ( Rikki Klaus | ) edition.cnn.com time to read: +3 min

Not everyone is celebrating, however: Jobless rates for Black women and Latino men still haven’t recovered fully from the pandemic. The unemployment rate for Black women aged 20 years and older rose to 5.5% in December, from 5.2% in November, according to the Bureau of Labor Statistics. For Latino men, unemployment rose 0.4 percentage points to 4% last month, higher than the 3.1% unemployment rate in February 2020. The Fed effectThe government’s current response to inflation may also be playing a role in rising unemployment for Latino men and Black women, Bahn said. In April 2020, the Hispanic unemployment rate shot up to 18.1% after hovering at around 4% pre-pandemic, BLS data shows.

According to the police, a 6-year-old boy at Richneck Elementary School in Virginia used a gun legally purchased by his mother to intentionally shoot his teacher on Friday. Because, research shows that most children who get intervention early for violent behaviors recover. These can help a child develop a strong foundation for thinking things through and foster an openness or motivation to learn. And I certainly don’t want to draw sweeping and overly upbeat conclusions saying that every individual can be rehabilitated. The reportedly intentional shooting of a teacher by a 6-year-old is awful and heartbreaking.

☆ Melinda French Gates Adjusts to a New, Solo Role
▼ + stars: | 2023-01-06 | by ( Betsy Mckay | Emily Glazer | ) www.wsj.com time to read: 1 min

Melinda French Gates met recently with a group of fellow philanthropists to stress a need to cure what she calls one of America’s greatest ills. “We have to fix this country’s broken caregiving system,” Ms. French Gates said to the virtual session in November with wealthy people who have signed the Giving Pledge, promising to donate more than half of their fortunes to charitable causes. Philanthropy and new policies are needed, she said, “if we want to see more women unlock real power in their lives.”

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