FOR IMMEDIATE RELEASE
December 16, 2009
Media Contact:
kfink@randomhouse.com
212-782-9378
WHY WOMEN NEED WOMEN & MONEY NOW MORE THAN EVER:
- 38.1% of all working wives earn as much or more than their husbands–a figure that is steadily on the rise.
(source: The Shriver Report)
- Only 12% of women feel confident about retirement.
(source: EBRI 2009 Retirement Confidence Survey)
- 73.9% of women 65 and older live alone.
(source: U.S. Census 2005 Community Survey)
- The average Social Security monthly benefit for women when started at age 65 is $824.
(source: Social Security Administration)
- 12% of women over 65 currently live below the poverty line.
(source: National Center for Health Statistics)
Three years ago, when bestselling author and financial expert Suze Orman published
Women & Money, the Dow Jones Industrial Average was close to 12,000, the housing market was robust, and the unemployment rate was at 4.6%. Today, the Dow is hovering around 10,000, the average price of a home is down nearly 20%, 9.6% of all mortgages are delinquent, and unemployment is at 10%.
Three years ago, Suze Orman’s message to women: Save yourself in order to control your financial destiny.
Today, Suze Orman’s message to women: You cannot rely on others to save you. If you don’t save yourself, no one will. You have no choice but to save yourself today–before it’s too late.
Available in paperback for the first time, Orman’s groundbreaking book
WOMEN & MONEY (on sale January 5, 2010), addresses the vital financial issues and changes sparked by the current economic crisis and their impact on women’s lives today and in the future. With her signature mix of insight, compassion, and soul-deep recognition, Orman equips women with the financial knowledge and emotional awareness to overcome the blocks that have kept them from acting in the best interest of their money–and of themselves.
At the heart of
WOMEN & MONEY is an updated version for 2010 of her Save Yourself Plan: a streamlined five-month program that delivers genuine long-term financial security. In addition,
WOMEN & MONEY offers a thoughtful analysis of the causes and effects of reckless financial behavior, a persuasive argument for change that is free of shame and blame, a challenge to women to value themselves fully in all aspects of life, and an inspiring depiction of what it means to be in control on one’s financial destiny.
In an interview, Suze Orman can discuss:
- The critical differences in today’s economy that can dramatically affect women’s lives today and in the future
- The recent findings in the Shriver Report and what they say about the relationship between women and money today
- How the changes in employment rates are changing the financial balance of power at home and in our society in general
- Why it is that more men are unemployed than women and why in 2010 women will make up the majority of the workforce
- Why the relationship women have with money has been marked by dysfunction
- Spending and saving patterns among men and women and what societal trends they reveal
- Why building an emergency savings account may be more important in these economic times than lowering credit card debt
- Why saving for retirement is more important than saving for a child’s college education
- Retirement strategies pertinent to 2010 legislation changes
- The 3 must-have financial documents for women
To schedule an interview with Suze Orman, please contact Karen Fink at 212.782.9378 or
kfink@randomhouse.com.
For review copies please contact Meghan Cassidy at 212.782.8271 or
mcassidy@randomhouse.com.
WOMEN & MONEY
Owning the Power to Control Your Destiny
By Suze Orman
Spiegel & Grau / On Sale January 5, 2010
$9.95 / 330 pages / ISBN 978-0-8129-8131-5
www.spiegelandgrau.com
