A new study released by the Institute on Assets and Social Policy revealed that even when African-Americans had a good education and well-paying jobs, they could not achieve the wealth of their white peers.
The on-going exchange [...] was about the newest styles of certain designer handbags, and how the changes rendered last year's bags suitable for nothing more than make-up totes and packing accessories.
Your sense of status, place in life and well-being may have come to depend upon a level of income and expenditure. Expectations dashed, disappointment and financial loss can make for deep-seated misery.
There are dozens of theories about why women don't create more wealth themselves. Well, here's my theory: it's because we are risk averse, don't plan well, and have a messed up relationship with money.
My grandmother was a wise woman. She would tell me, "Live each day, one at a time." When I asked her how else you could live, she would take a sip from the flask under her apron and shrug her shoulders.