Economic Empowerment For Women

Financial literacy and independence are important for everyone, but even more important for women given the gender wealth gap. According to Forbes, "in the U.S., women-headed families only have 55% of the median wealth as compared to families headed by men." As part of our observance of Women's History Month, Proskauer hosted a workshop on the importance of financial literacy with Savvy Ladies, a non-profit committed to empowering women through financial education. Stacy Francis, founder of Savvy Ladies, and Lisa Zeiderman, Board Chair, shared best practices for taking charge of one's finances, regardless of economic status or stage in life. They explained the difference between financial advisors, consultants and planners, and the mistakes to avoid when seeking a financial advisor. Above all, the pair highlighted the importance of staying engaged, prepared and in control when dealing with finances and not to leave financial matters up to a spouse, partner or family