14 13. Keri Leigh Merritt, “Land and the Roots of African-American Poverty,” Aeon (March 11, 2016), https://aeon.co/ideas/land-and-the-roots-of-african-american-poverty.
15 14. Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap (Cambridge, MA: Belknap Press of Harvard University Press, 2017), p. 30 ($3 million lost in 1874); https://www.in2013dollars.com/us/inflation/1874?amount=3000000.
16 15. Ibid., p. 108 (entire section).
17 16. Ibid., p. 109.
18 17. History.com editors, “Jim Crow Laws,” History.com (March 26, 2021), https://www.history.com/topics/early-20th-century-us/jim-crow-laws.
19 18. “Intersectional Feminism: What It Means and Why It Matters Right Now,” UN Women (July 1, 2020), https://www.unwomen.org/en/news/stories/2020/6/explainer-intersectional-feminism-what-it-means-and-why-it-matters.
20 19. Linda Scott, “Gender Inequality Causes Poverty,” Double X Economy (March 29 2021), https://www.doublexeconomy.com/post/gender-inequality-causes-poverty.
21 20. “The Power of Parity: Advancing Women's Equality in the United States,” McKinsey Global Institute (April 2016), https://www.mckinsey.com/~/media/mckinsey/featured%20insights/employment%20and%20growth/the%20power%20of%20parity%20advancing%20womens%20equality%20in%20the%20united%20states/mgi-power-of-parity-in-us-full-report-april-2016.ashx#:~:text=Yet%20women%20in%20the%20United,women%20make%20to%20the%20economy, p. 9.
22 21. “Empowering Girls & Women,” Clinton Global Initiative, https://www.un.org/en/ecosoc/phlntrpy/notes/clinton.pdf.
23 22. “Minimum Wage,” Women Employed, https://womenemployed.org/minimum-wage/.
24 23. Ibid. (for total minimum wage workers); “Characteristics of Minimum Wage Workers, 2020,” U.S. Bureau of Labor Statistics (February 2021), https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm.
25 24. “Deeper in Debt: Women & Student Loans,” AAUW (2021), https://www.aauw.org/resources/research/deeper-in-debt/.
26 25. Ben Steverman and Alexandre Tanzi, “The 50 Richest Americans Are Worth as Much as the Poorest 165 Million,” Bloomberg (August 10, 2020), https://www.bloomberg.com/news/articles/2020-10-08/top-50-richest-people-in-the-us-are-worth-as-much-as-poorest-165-million.
27 26. “Report: 1 in 4 Mothers Go Back to Work Less Than 2 Weeks After Giving Birth,” Abt Associates (August 20, 2015), https://www.abtassociates.com/who-we-are/news/in-the-news/report-1-in-4-mothers-go-back-to-work-less-than-2-weeks-after-giving.
28 27. “Calculating the Hidden Cost of Interrupting a Career for Child Care,” Center for American Progress (June 21, 2016), https://www.americanprogress.org/issues/early-childhood/reports/2016/06/21/139731/calculating-the-hidden-cost-of-interrupting-a-career-for-child-care/.
29 28. Linda Houser and Thomas P. Vartanian, “Pay Matters: The Positive Economic Impacts of Paid Family Leave for Families, Businesses and the Public,” Rutgers Center for Women and Work (January 2012), https://www.nationalpartnership.org/our-work/resources/economic-justice/other/pay-matters.pdf.
30 29. Rosie Colosi, “Paternity Leave Is a Lifesaver for Working Moms … But Are Dads Taking It?” CBS News (July 20, 2019), https://www.nbcnews.com/know-your-value/feature/paternity-leave-life-saver-working-moms-are-dads-taking-it-ncna1036226.
31 30. Elly Ann-Johansson, “The Effect of Own and Spousal Parental Leave on Earnings,” Institute for Labour Market Policy Evaluation (March 22, 2010), https://www.ifau.se/globalassets/pdf/se/2010/wp10-4-The-effect-of-own-and-spousal-parental-leave-on-earnings.pdf (p. 28).
32 31. Julie Anderson, “Breadwinner Mothers by Race/Ethnicity and State,” Institute for Women's Policy Research (September 2016), https://iwpr.org/wp-content/uploads/2020/08/Q054.pdf.
CHAPTER 3 Your Money Goals
The whole point of having money is to have and experience what you want, and that looks different for each of us. To you it might mean financial freedom and peace of mind, giving to organizations you believe in, being able to take care of your parents, buying new sneakers each month, or traveling a few times per year.
I call these your goals. They can look like more traditional money goals – build up a rainy-day fund, pay down your debt, and save for retirement. But they also can include lifestyle upgrades and using your money for good.
Why Have Financial Goals?
You know all those things you've always wanted to do, have, and experience? You should do, have, and experience them!
Getting clear on your goals is one of the most important parts of being a financial adult. When you have goals, and realistic plans to