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The Heart of Money: Wealth Drain for Single Women - What to Do?

Columnists
Paul H. Sutherland
A recent report from Asset Funder Network found that single women ages 45 to 65 lost 36 percent of their wealth between 1995 and 2016, with a 28 percent drop for single white women and a 74 percent drop for single black women from 2007 to 2016. Ouch! What’s a single woman to do? Paul Sutherland: Many years ago, I was asked to write a book to help women with financial literacy, titled Bag Lady University. This was because I have spoken at many women-only retreats about personal economics and investing—and I have thought a lot about the subject. The book never got off the ground, at least with me at the helm, because I finally said to the woman editor who pitched the idea to me, “I think a man writing this is going to be off-putting.” Forgive me in advance. Over my career I have seen issues that create financial hardships for women—issues that seem less acute when they are part of men’s lives. I am not going to get into the causes, nor am I going to allow myself to endorse those who wish to blame mothers, fathers, men, women, society, corporations, governments, or old-boy networks for …

Paul Sutherland

Paul Sutherland resides in Michigan with his four youngest kids, ages 5 to 10. He and his wife, Amy, try to be an example of Parenting for a Peaceful world, in which democracy begins at home.


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