IMAGINE
An entire day outside, overlooking a magical view of the Monterey Bay, that is focused on the solutions that women need to gain more power in today’s workplace. Imagine if that day had all the elements necessary for you (or your partner) to feel truly empowered. Childcare in a setting in which your children are offline and happily running around in an ample open space on a warm summer day. A network of smart women and men passionately engaged in conversation, and a feeling of safety that no one’s sexuality will be exploited.
WHY WOMEN ARE CREATING MORE WEALTH BUT NOT RECEIVING THE POWER THAT COMES WITH IT?
Despite the progress women have made over the last few decades, the largest sums of wealth remain concentrated in the hands of men. According to Forbes, only 10-percent of the world's billionaires are female -- and most of them inherited their fortunes.
While men still control the largest portion of global wealth, societies such as the U.S. now feature much more equitable distributions. In fact, women now control the majority of personal wealth in the U.S. Yet structural inequalities still affect how women can benefit from or manage their holdings. For example, it's more difficult for a woman to find a financial advisor who shares her perspective and experiences. That's because the financial services industry still lacks diversity (only one-third of advisors are women; roughly 20-percent have minority status).
Or, consider this recent article in the New York Times, which illustrated how cultural constraints can prevent even wealthy women from accessing the levers of power. Even though women are becoming millionaires at a faster rate than men in the U.S, they remain significantly underrepresented among C-suite executives, political donors and in certain areas of high-level philanthropy. Women are outpacing men in terms of wealth creation, but they remain locked out of the corridors of power and influence to which money typically buys access.