TWE 296: How Working Women Can Survive the Financial Impact of COVID-19 with Catherine Scrivano

Don’t miss a BRAND NEW episode of The Women’s Eye podcast with Catherine Anaya as I talk about the financial impact of COVID-19 on working parents, women in particular. Joining me is our financial contributor Catherine Scrivano, President of CASCO Financial Group in Phoenix, Arizona, who has advice on how to survive ongoing financial issues.

Catherine Scrivano is a regular contributor to The Women’s Eye podcast in our segment called “Building Money Power.”

Scrivano explains what being called “the female recession” and why women are feeling the financial impact of COVID-19 more than others.

“A few months before the pandemic, there were actually more women employed than men. This was the first time in history, or at least as long as the keeping of such records. It seemed like women were just getting closer to parity and then, when the pandemic hit, working women were hit hard,” says Scrivano.

She talks about how women are generally the ones to take time out of the workplace to care for family members. This may impact their ability to get promotions and their careers long term. Then, in most single parent households headed by women, challenges are even greater, she says.

But, she believes there are some positive financial lessons to come from the pandemic and financial resolutions working parents can make moving forward.

She shares the importance of realigning our spending and increasing savings. As we come out of the pandemic, we can avoid things like the urge to spend.

She has ideas about how working parents can set an example for their children in talking about money.

Catherine believes…
you don’t have to be wealthy to be wise.

Enjoy the Zoom vidcast of this chat.

Don’t miss Scrivano’s timely financial advice! Join us on the next episode of her Women’s Eye podcast.

For advice about how couples can find financial compatibility, check out this podcast with Catherine S.: