The statistics of women in executive levels are staggering. JPMorgan Chase's Chief Marketing Officer Kristin Lemkau explains how she is championing change within her company, and across the financial industry.
"There's no substitute for representation," says Lemkau. "It's really important to have the right kind of women in those jobs who will be really honest about some of the challenges that it takes to get there, and not pretend the myth 'we have it all.'"
Women hold only 23% of executive posts with the word "chief" in the title, according to consulting firm Korn Ferry. But only 3 percent of women of color are in the C-Suite, according to McKinsey & Company.
"We are entering a new era of sisterhood where women really look out for each other," says Lemkau. "I think whether it's the women's march, or me too, or times up its changing across industries and women have realized if we stick together there's going to be much more power in the pack than in the individual."
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
