Podcast 173: Farnoosh Torabi, When She Makes More




The Consumerism Commentary Podcast show

Summary: This interview should be required listening for women — and men — who are in a relationship, particularly a marriage, in which the woman earns more than the man. This is precisely the situation in which author Farnoosh Torabi has found herself, and as a popular financial columnists, she discovered she wasn’t alone. Based on her own experiences, questions from her readers, she began researching relationships for her latest book, When She Makes More: 10 Rules for Breadwinning Women. The book features stories from and advice for the growing number of couples who are seeing this non-traditional income dynamic. The book will be released May 1, but Farnoosh is offering several special deals for anyone who orders the book before its release. You could win care baskets from the author’s favorite brands and services, including TaskRabbit, Evernote and Stella & Dot. You might also win lunch with the author and a backstage pass to the NBC Today Show. After you pre-order your copy of When She Makes More, visit this page to enter to win one of the freebies. In today’s episode of the Consumerism Commentary Podcast, Farnoosh Torbai discusses this phenomenon and offers tips and suggestions for adapting to a different financial balance. Continue this article to listen to the podcast. You can also subscribe to the podcast in iTunes. jQuery(document).ready(function($) { $('#wp_mep_3').mediaelementplayer({ m:1 ,features: ['playpause','current','progress','duration','volume','tracks','fullscreen'] ,audioWidth:400,audioHeight:30 }); }); Luke: Welcome to the Consumerism Commentary Podcast. I’m Luke Landes. Today Farnoosh Torabi returns to the podcast with her new book, When She Makes More: 10 Rules for Breadwinning Women, available May 1 from Amazon, in hardcover and Kindle editions. Welcome back, Farnoosh. Farnoosh: Thanks for having me! It’s great to join you again. I’m looking forward to talking about the book. Luke: More women are making more than their partners than ever before. More are primary breadwinners. They could use rules for dealing with that situation. I’m curious who these women are. You’ve identified two distinct groups of breadwinning women? Farnoosh: There are a number of groups. There is obviously the married woman who is making more than her husband. Wither she’s been making more since the very beginning of the relationship or she has found herself inheriting the role as a result of him either losing his job or switching careers, or her going back into the workforce and earning more. Then there are single moms, as well, who comprise a big chunk of breadwinning women in this country, and they are of course the sole providers in their families. They’re not married, but they still to their credit are breadwinners because they’re supporting financially their families. Even if you’re not married, even if you don’t have children, single women, especially in the younger demographic, who are on average making a higher median income than many of their male counterparts in most of American cities today are categorized as breadwinners in a way because they’re not only able to provide for themselves, but perhaps also a family if they so chose. Luke: Is that related to the trend that women at the same age as men tend to be more educated? Farnoosh: When you look at the 18-to-34 year old demographic, what we do find is that women are getting better grades in grade school, and then going to college and graduate school in larger numbers. So yes, this is fueling part of why we see this new trend. Definitely, women are getting their education at a faster clip, and the job market has also been favorable to women in some respects. We just came out of the recession which was dubbed the “man-cession.” We saw a lot of men lose their jobs in industries like [...]