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What I Told Newsweek About the Economy

By Sallie Krawcheck

Yesterday, Newsweek ran a cover article in which they asked 12 people to imagine receiving a phone call in January from the president (whichever president) asking, “What’s your best advice for me right now on the economy?”

I was one of those people, and my advice stems from the rock-solid belief that, as we like to say here at Ellevest: Nothing bad happens when you get more money in the hands of women.

My advice: Keep women in the workforce, and bring the millions of them who have left in 2020 back.

That will have the greatest leverage in driving the economy.

And with one in four women thinking about downshifting or quitting her job during the pandemic ... with 865,000 women having left the workforce just last month ... with the unemployment rate so much higher for women than for white men (and especially for Black and Latinx women, and for women with disabilities), the numbers are too alarming to focus on anything else.

They also asked me what one thing I’d recommend doing to make it happen.

Well, I have a few thoughts on that, too.

Read it over at Newsweek.


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Sallie Krawcheck

Sallie Krawcheck is the Co-Founder & CEO of Ellevest. Her life’s mission is to help women to reach their financial and professional goals.