“‘Starving to get a handbag’ is hardly an approach that would please Suze Orman, author of the just-published ‘Women & Money.’ Despite the impressive advances women have made in recent decades, she finds that very little has changed in the way they deal with money. When it comes to personal finance, they ‘hand over control and refuse to take responsibility as they do in no other area of their lives,’ sometimes spending recklessly or refusing to save.”
“Although women are making more money than ever before, Ms. Orman states, ‘they are not making more of what they make.’ Offering one example, she writes, ‘Your closet houses the wardrobe of a powerful and stylish woman, but the dirty secret is that your credit cards are maxed out and you don’t know how you’re going to pay them off.’”
