Money and Women


The Second Wave had a rather different relationship to money than women have now. Thirty five years ago women were, for the most part, unable to get independent credit. And it was much more difficult to buy a house or even a car without a man's name attached to the deal. The prevailing myth was that women weren't supposed to "sully themselves" with the dirty details of money. It was an easy myth to swallow: money is a nasty business-- don't think for a minute that all those Wall Street traders, stockbrokers, and bankers are in this out of the goodness of their hearts!

The Second Wave wrapped itself in anticapitalist idealism, which was really just a variation on the prevailing myth about clean women and dirty money. They strove for independence (including financial independence) from men, but they wanted nothing to do with money.

The Third Wave has a different attitude. Money is power, and like all power, it can be used for good or ill or anything in between. As long as we exist in a lower tax bracket than the average man, we will have less political clout, less ability to help other women, and less financial freedom. There is nothing wrong with earning a lot of money! On these pages we explore how our attitudes about wealth and economics differ from those of the Second Wave, and we provide tips for earning and managing money.

09/28/07 at 0:16